First National Bank of Omaha Takes $7.39 Million Position in Crown Castle Inc. $CCI

First National Bank of Omaha bought a new stake in shares of Crown Castle Inc. (NYSE:CCI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 82,941 shares of the real estate investment trust’s stock, valued at approximately $7,387,000.

Several other hedge funds also recently modified their holdings of the stock. Milford Funds Ltd. purchased a new position in shares of Crown Castle during the fourth quarter valued at approximately $168,755,000. Cohen & Steers Inc. boosted its position in shares of Crown Castle by 11.0% during the fourth quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock valued at $3,536,214,000 after buying an additional 3,953,685 shares during the last quarter. Wealthspire Advisors LLC boosted its position in shares of Crown Castle by 1,032.8% during the fourth quarter. Wealthspire Advisors LLC now owns 2,730 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 2,489 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Crown Castle by 2.2% during the fourth quarter. Advisors Asset Management Inc. now owns 202,300 shares of the real estate investment trust’s stock valued at $17,978,000 after buying an additional 4,318 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec boosted its position in shares of Crown Castle by 21.1% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 100,195 shares of the real estate investment trust’s stock valued at $8,904,000 after buying an additional 17,424 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Trading Down 0.0%

CCI stock opened at $92.02 on Friday. The stock’s fifty day simple moving average is $89.02 and its two-hundred day simple moving average is $87.72. Crown Castle Inc. has a 1-year low of $75.96 and a 1-year high of $115.76. The stock has a market cap of $40.16 billion, a P/E ratio of 38.03, a P/E/G ratio of 0.47 and a beta of 0.93.

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

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $1.0625 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.25 annualized dividend and a yield of 4.6%. Crown Castle’s payout ratio is currently 175.62%.

Analyst Ratings Changes

CCI has been the topic of several analyst reports. Zacks Research raised Crown Castle from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Wells Fargo & Company reaffirmed 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. Wolfe Research cut Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. Truist Financial initiated coverage on Crown Castle in a research report on Tuesday, March 31st. They set a “hold” rating and a $90.00 target price on the stock. Finally, BMO Capital Markets lifted their target price on Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $98.52.

Crown Castle Profile

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.