Hsbc Holdings PLC Increases Stock Position in Crown Castle Inc. $CCI

Hsbc Holdings PLC raised its stake in shares of Crown Castle Inc. (NYSE:CCI) by 11.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,585,857 shares of the real estate investment trust’s stock after acquiring an additional 164,986 shares during the period. Hsbc Holdings PLC’s holdings in Crown Castle were worth $140,950,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wiser Advisor Group LLC bought a new stake in shares of Crown Castle in the third quarter worth about $29,000. KERR FINANCIAL PLANNING Corp bought a new position in Crown Castle during the third quarter valued at approximately $31,000. Triumph Capital Management bought a new position in Crown Castle during the third quarter valued at approximately $31,000. Salomon & Ludwin LLC grew its holdings in Crown Castle by 128.7% during the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 215 shares in the last quarter. Finally, MV Capital Management Inc. purchased a new position in Crown Castle during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Price Performance

Shares of NYSE CCI opened at $82.02 on Friday. The business’s 50 day moving average is $89.02 and its two-hundred day moving average is $87.55. Crown Castle Inc. has a 1-year low of $75.96 and a 1-year high of $115.76. The stock has a market capitalization of $35.80 billion, a P/E ratio of 33.89, a PEG ratio of 0.42 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. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.41 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The company’s quarterly revenue was down 4.9% compared to the same quarter last year. 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, equities research analysts anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The business 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 5.2%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio is presently 175.62%.

Wall Street Analyst Weigh In

CCI has been the topic of a number of research reports. Sanford C. Bernstein initiated coverage on Crown Castle in a research note on Thursday, March 5th. They issued an “outperform” rating and a $102.00 price objective on the stock. Wells Fargo & Company reiterated 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. Barclays raised their target price on shares of Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Finally, Raymond James Financial upped their price target on shares of Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.