Landscape Capital Management L.L.C. Buys Shares of 15,435 Crown Castle Inc. $CCI

Landscape Capital Management L.L.C. bought a new position in Crown Castle Inc. (NYSE:CCI) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 15,435 shares of the real estate investment trust’s stock, valued at approximately $1,169,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCI. BlackRock Inc. purchased a new stake in Crown Castle in the second quarter worth about $3,326,154,000. Norges Bank purchased a new position in Crown Castle during the 4th quarter valued at about $594,670,000. Lazard Asset Management LLC increased its position in Crown Castle by 124.2% during the 4th quarter. Lazard Asset Management LLC now owns 11,635,117 shares of the real estate investment trust’s stock valued at $1,034,013,000 after purchasing an additional 6,445,237 shares during the period. Deutsche Bank AG bought a new stake in shares of Crown Castle in the 2nd quarter valued at about $429,341,000. Finally, Cohen & Steers Inc. lifted its position in shares of Crown Castle by 11.0% in the 4th quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock worth $3,536,214,000 after purchasing an additional 3,953,685 shares during the period. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Up 0.0%

CCI opened at $75.53 on Monday. The company has a market cap of $32.13 billion, a P/E ratio of 38.34, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. The firm’s 50-day moving average price is $77.86 and its 200-day moving average price is $84.10. Crown Castle Inc. has a 52-week low of $69.72 and a 52-week high of $104.61.

Crown Castle (NYSE:CCI) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.17). Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.05 million. During the same quarter in the previous year, the company posted $0.67 EPS. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. On average, research analysts anticipate that Crown Castle Inc. will post 4.39 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.0625 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.6%. Crown Castle’s dividend payout ratio is presently 215.74%.

Wall Street Analyst Weigh In

CCI has been the topic of a number of recent research reports. BMO Capital Markets dropped their price objective on shares of Crown Castle from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Truist Financial dropped their target price on Crown Castle from $95.00 to $87.00 and set a “hold” rating on the stock in a research report on Tuesday, July 28th. JPMorgan Chase & Co. reduced their target price on shares of Crown Castle from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Citizens Jmp decreased their price target on shares of Crown Castle from $125.00 to $120.00 and set a “market outperform” rating for the company in a research report on Friday, July 24th. Finally, The Goldman Sachs Group initiated coverage on shares of Crown Castle in a research report on Friday, June 26th. They set a “neutral” rating and a $95.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, Crown Castle has a consensus rating of “Moderate Buy” and an average target price of $95.13.

Insider Buying and Selling at Crown Castle

In related news, VP Robert Sean Collins sold 1,500 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $75.89, for a total transaction of $113,835.00. Following the completion of the transaction, the vice president owned 5,113 shares of the company’s stock, valued at $388,025.57. This trade represents a 22.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by insiders.

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.