ARS Investment Partners LLC Purchases 8,724 Shares of Crown Castle Inc. $CCI

ARS Investment Partners LLC lifted its position in shares of Crown Castle Inc. (NYSE:CCI) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,409 shares of the real estate investment trust’s stock after acquiring an additional 8,724 shares during the period. ARS Investment Partners LLC’s holdings in Crown Castle were worth $9,279,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Foresight Group Ltd Liability Partnership lifted its holdings in shares of Crown Castle by 25.8% during the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 103,407 shares of the real estate investment trust’s stock worth $9,950,000 after acquiring an additional 21,194 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Crown Castle by 15.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,963 shares of the real estate investment trust’s stock worth $6,847,000 after acquiring an additional 9,552 shares during the period. Cooke & Bieler LP lifted its holdings in shares of Crown Castle by 6.1% during the 3rd quarter. Cooke & Bieler LP now owns 2,419,034 shares of the real estate investment trust’s stock worth $233,413,000 after acquiring an additional 138,061 shares during the period. National Pension Service lifted its holdings in shares of Crown Castle by 3.5% during the 3rd quarter. National Pension Service now owns 656,795 shares of the real estate investment trust’s stock worth $63,374,000 after acquiring an additional 21,986 shares during the period. Finally, Aberdeen Group plc lifted its holdings in shares of Crown Castle by 13.9% during the 4th quarter. Aberdeen Group plc now owns 1,052,667 shares of the real estate investment trust’s stock worth $93,551,000 after acquiring an additional 128,212 shares during the period. Institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup cut their price target on shares of Crown Castle from $110.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Jefferies Financial Group upped their price target on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a report on Tuesday, April 14th. Raymond James Financial upped their price objective on shares of Crown Castle from $102.00 to $108.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 23rd. Zacks Research upgraded shares of Crown Castle from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Scotiabank lowered their price objective on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.39.

Crown Castle Price Performance

CCI stock opened at $86.67 on Friday. The company has a 50 day simple moving average of $86.00 and a 200 day simple moving average of $87.68. The stock has a market cap of $37.83 billion, a price-to-earnings ratio of 35.81, a P/E/G ratio of 0.44 and a beta of 0.93. Crown Castle Inc. has a 1 year low of $75.96 and a 1 year high of $115.76.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.42 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, equities research analysts anticipate that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Friday, March 13th. Crown Castle’s payout ratio is 175.62%.

Insiders Place Their Bets

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