Crown Castle Inc. $CCI Position Increased by Capital International Investors

Capital International Investors increased its position in shares of Crown Castle Inc. (NYSE:CCI) by 3.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 809,166 shares of the real estate investment trust’s stock after buying an additional 27,070 shares during the quarter. Capital International Investors’ holdings in Crown Castle were worth $71,911,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Choreo LLC raised its holdings in shares of Crown Castle by 1.1% during the third quarter. Choreo LLC now owns 11,021 shares of the real estate investment trust’s stock worth $1,063,000 after acquiring an additional 120 shares in the last quarter. United Asset Strategies Inc. raised its holdings in shares of Crown Castle by 2.5% during the fourth quarter. United Asset Strategies Inc. now owns 4,931 shares of the real estate investment trust’s stock worth $438,000 after acquiring an additional 120 shares in the last quarter. Consolidated Portfolio Review Corp raised its holdings in shares of Crown Castle by 1.1% during the third quarter. Consolidated Portfolio Review Corp now owns 10,966 shares of the real estate investment trust’s stock worth $1,058,000 after acquiring an additional 123 shares in the last quarter. Binnacle Investments Inc raised its holdings in shares of Crown Castle by 10.9% during the third quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 127 shares in the last quarter. Finally, Integrated Advisors Network LLC raised its holdings in shares of Crown Castle by 5.6% during the third quarter. Integrated Advisors Network LLC now owns 2,489 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 132 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Price Performance

Crown Castle stock opened at $91.82 on Tuesday. The company has a market capitalization of $40.08 billion, a price-to-earnings ratio of 37.94, a PEG ratio of 0.48 and a beta of 0.93. Crown Castle Inc. has a one year low of $75.96 and a one year high of $115.76. The company’s fifty day moving average price is $88.03 and its two-hundred day moving average price is $87.64.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, topping the consensus estimate of $0.47 by $0.55. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.42 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, sell-side analysts anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio is 175.62%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CCI. Sanford C. Bernstein began coverage on Crown Castle in a report on Thursday, March 5th. They set an “outperform” rating and a $102.00 price objective for the company. Barclays increased their price objective on Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Wolfe Research downgraded shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. Wells Fargo & Company reissued an “equal weight” rating and set a $85.00 target price (down from $90.00) on shares of Crown Castle in a research report on Monday, March 23rd. Finally, Scotiabank lowered their target price on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $98.52.

About Crown Castle

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.