Russell Investments Group Ltd. Buys 85,658 Shares of Crown Castle Inc. $CCI

Russell Investments Group Ltd. boosted its position in shares of Crown Castle Inc. (NYSE:CCI) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,818,360 shares of the real estate investment trust’s stock after acquiring an additional 85,658 shares during the period. Russell Investments Group Ltd. owned approximately 0.42% of Crown Castle worth $161,612,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Wiser Advisor Group LLC acquired a new stake in shares of Crown Castle during the 3rd quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Crown Castle during the third quarter valued at approximately $31,000. Triumph Capital Management acquired a new position in shares of Crown Castle in the third quarter valued at $31,000. Salomon & Ludwin LLC lifted its position in Crown Castle by 128.7% in the fourth quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 215 shares during the period. Finally, Aventura Private Wealth LLC bought a new position in Crown Castle in the fourth quarter worth $39,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Price Performance

Shares of NYSE:CCI opened at $88.13 on Wednesday. The business’s fifty day moving average price is $89.16 and its two-hundred day moving average price is $87.69. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76. The stock has a market capitalization of $38.46 billion, a price-to-earnings ratio of 36.42, a price-to-earnings-growth ratio of 0.45 and a beta of 0.93.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.42 million. During the same period last year, the business 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. Research analysts expect that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is currently 175.62%.

Wall Street Analyst Weigh In

CCI has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a report on Friday, May 22nd. BMO Capital Markets raised their price objective on shares of Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. KeyCorp lifted their target price on shares of Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Wells Fargo & Company reissued an “equal weight” rating and issued a $85.00 target price (down from $90.00) on shares of Crown Castle in a research note on Monday, March 23rd. Finally, Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.