Sanctuary Advisors LLC Takes $5.07 Million Position in Crown Castle Inc. $CCI

Sanctuary Advisors LLC bought a new position in Crown Castle Inc. (NYSE:CCI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 66,885 shares of the real estate investment trust’s stock, valued at approximately $5,065,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wiser Advisor Group LLC purchased a new stake in shares of Crown Castle during the 3rd quarter worth approximately $29,000. Hilton Head Capital Partners LLC grew its holdings in shares of Crown Castle by 55.6% in the first quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 134 shares in the last quarter. Triumph Capital Management purchased a new position in shares of Crown Castle in the third quarter valued at $31,000. Global Assets Advisory LLC bought a new stake in Crown Castle in the first quarter worth $32,000. Finally, MV Capital Management Inc. bought a new stake in Crown Castle in the fourth quarter worth $34,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Performance

NYSE:CCI opened at $76.38 on Tuesday. The stock’s fifty day moving average is $77.61 and its 200 day moving average is $84.05. Crown Castle Inc. has a fifty-two week low of $69.72 and a fifty-two week high of $104.08. The firm has a market capitalization of $32.50 billion, a PE ratio of 38.77, a PEG ratio of 0.40 and a beta of 0.95.

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). The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.05 million. Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 earnings per share. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. Equities analysts forecast that Crown Castle Inc. will post 4.39 EPS for the current year.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Tuesday, September 15th. Crown Castle’s dividend payout ratio (DPR) is 215.74%.

Wall Street Analyst Weigh In

Several research firms have commented on CCI. Wolfe Research lowered shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. TD Cowen reduced their target price on shares of Crown Castle from $94.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Barclays boosted their target price on shares of Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Citigroup restated a “market outperform” rating on shares of Crown Castle in a research report on Friday, July 24th. Finally, Truist Financial lowered their price target on shares of Crown Castle from $95.00 to $87.00 and set a “hold” rating for the company in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.13.

Insider Activity

In related news, VP Robert Sean Collins sold 1,500 shares of Crown Castle stock in a transaction dated 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 directly owned 5,113 shares of the company’s stock, valued at approximately $388,025.57. The trade was a 22.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

Crown Castle Company 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.