Crown Castle Inc. $CCI Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 43.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,841 shares of the real estate investment trust’s stock after selling 9,180 shares during the period. Securian Asset Management Inc.’s holdings in Crown Castle were worth $1,052,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CCI. Empowered Funds LLC raised its stake in shares of Crown Castle by 7.5% during the first quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust’s stock valued at $1,714,000 after purchasing an additional 1,150 shares in the last quarter. First Trust Advisors LP grew its position in Crown Castle by 6.9% in the 2nd quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust’s stock valued at $9,000,000 after buying an additional 5,630 shares in the last quarter. Baird Financial Group Inc. increased its stake in Crown Castle by 3.7% during the 2nd quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust’s stock valued at $786,000 after buying an additional 272 shares during the period. Jump Financial LLC increased its stake in Crown Castle by 49.3% during the 2nd quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust’s stock valued at $1,121,000 after buying an additional 3,603 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Crown Castle by 5.6% during the 2nd quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust’s stock worth $509,000 after buying an additional 261 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Insider Transactions at Crown Castle

In other Crown Castle news, EVP Edward B. Adams, Jr. sold 4,650 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total transaction of $401,481.00. Following the sale, the executive vice president owned 25,183 shares in the company, valued at approximately $2,174,300.22. The trade was a 15.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert Sean Collins sold 3,000 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $87.49, for a total transaction of $262,470.00. Following the sale, the vice president directly owned 5,800 shares of the company’s stock, valued at $507,442. This represents a 34.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.09% of the company’s stock.

Crown Castle Stock Performance

NYSE CCI opened at $91.48 on Wednesday. Crown Castle Inc. has a 1 year low of $75.96 and a 1 year high of $115.76. The business’s fifty day moving average is $86.15 and its two-hundred day moving average is $87.83. The stock has a market capitalization of $39.93 billion, a P/E ratio of 37.80, a P/E/G ratio of 0.46 and a beta of 0.93.

Crown Castle (NYSE:CCI) last released 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. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.42 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The company’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the company posted $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, research analysts forecast that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a $1.0625 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $4.25 dividend on an annualized basis and a yield of 4.6%. Crown Castle’s dividend payout ratio (DPR) is currently 175.62%.

Analysts Set New Price Targets

CCI has been the subject of several recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Crown Castle in a report on Thursday, March 5th. They issued an “outperform” rating and a $102.00 price objective for the company. Jefferies Financial Group boosted their target price on Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a report on Tuesday, April 14th. The Goldman Sachs Group cut their target price on Crown Castle from $105.00 to $95.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. HSBC decreased their price target on Crown Castle from $107.00 to $88.40 and set a “hold” rating for the company in a research note on Thursday, February 5th. Finally, Barclays boosted their price objective on Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $99.39.

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.