ProShare Advisors LLC Grows Position in Crown Castle Inc. $CCI

ProShare Advisors LLC raised its position in shares of Crown Castle Inc. (NYSE:CCI) by 9.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,296 shares of the real estate investment trust’s stock after buying an additional 11,578 shares during the quarter. ProShare Advisors LLC’s holdings in Crown Castle were worth $12,290,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CCI. LRI Investments LLC bought a new stake in shares of Crown Castle in the 3rd quarter valued at approximately $29,000. Wiser Advisor Group LLC bought a new stake in shares of Crown Castle in the 3rd quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Crown Castle in the 3rd quarter valued at approximately $31,000. Triumph Capital Management bought a new stake in shares of Crown Castle in the 3rd quarter valued at approximately $31,000. Finally, Salomon & Ludwin LLC lifted its stake in shares of Crown Castle by 128.7% in the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 215 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Performance

Shares of CCI stock opened at $92.10 on Friday. Crown Castle Inc. has a 52-week low of $75.96 and a 52-week high of $115.76. The firm has a market capitalization of $40.20 billion, a P/E ratio of 38.06, a P/E/G ratio of 0.47 and a beta of 0.93. The stock has a 50 day moving average price of $86.16 and a 200 day moving average price of $87.60.

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

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is currently 175.62%.

Crown Castle News Roundup

Here are the key news stories impacting Crown Castle this week:

• Positive Sentiment: Crown Castle appointed Kris Hinson as Executive Vice President and Chief Commercial Officer and Mark Lennon as Senior Vice President and Chief Information Officer, moves that support its transition to a pure-play U.S. tower company and may improve customer strategy, digital capabilities, and information security. Article Title
• Positive Sentiment: The board declared a quarterly dividend of $1.0625 per share, reinforcing Crown Castle’s income appeal for investors. Article Title
• Positive Sentiment: Management is advancing its fiber-sale and debt-reduction plan, with proceeds expected to be used for about $1 billion of share repurchases and roughly $7 billion of debt paydown, which could strengthen the balance sheet over time. Article Title
• Neutral Sentiment: The company’s latest quarterly results showed better-than-expected EPS and revenue, but revenue still declined year over year, leaving investors focused on whether the turnaround can sustain itself.
• Negative Sentiment: Wolfe Research downgraded Crown Castle Inc. (NYSE: CCI) from Outperform to Peer Perform, citing weaker long-term growth prospects, including pressure tied to DISH lease payment defaults and higher interest rates. Article Title

Wall Street Analysts Forecast Growth

CCI has been the subject of several analyst reports. Barclays raised their price objective on Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. 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 for the company. BMO Capital Markets raised their price objective on Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Scotiabank lowered their price objective on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 7th. Finally, The Goldman Sachs Group lowered their price objective on Crown Castle from $105.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, Crown Castle currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.52.

Insider Buying and Selling

In related news, EVP Edward B. Adams, Jr. sold 4,650 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total transaction of $401,481.00. Following the completion of the sale, the executive vice president directly owned 25,183 shares of the company’s stock, valued at approximately $2,174,300.22. This trade represents a 15.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert Sean Collins sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $87.49, for a total value 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. 0.09% of the stock is currently owned by company insiders.

About Crown Castle

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.