USS Investment Management Ltd Boosts Holdings in Crown Castle Inc. $CCI

USS Investment Management Ltd increased its holdings in Crown Castle Inc. (NYSE:CCI) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,735 shares of the real estate investment trust’s stock after acquiring an additional 6,138 shares during the quarter. USS Investment Management Ltd’s holdings in Crown Castle were worth $7,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Aberdeen Group plc increased its stake in shares of Crown Castle by 13.9% in 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Crown Castle by 9.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 672,933 shares of the real estate investment trust’s stock worth $60,086,000 after acquiring an additional 60,497 shares in the last quarter. Vinva Investment Management Ltd increased its stake in shares of Crown Castle by 30.9% in the 3rd quarter. Vinva Investment Management Ltd now owns 197,804 shares of the real estate investment trust’s stock worth $19,027,000 after acquiring an additional 46,693 shares in the last quarter. Skylands Capital LLC increased its stake in shares of Crown Castle by 6.2% in the 4th quarter. Skylands Capital LLC now owns 262,050 shares of the real estate investment trust’s stock worth $23,288,000 after acquiring an additional 15,300 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Crown Castle by 1.0% in the 4th quarter. Fisher Asset Management LLC now owns 5,506,580 shares of the real estate investment trust’s stock worth $489,370,000 after acquiring an additional 54,078 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wells Fargo & Company reiterated an “equal weight” rating and issued a $85.00 price target (down from $90.00) on shares of Crown Castle in a research note on Monday, March 23rd. Zacks Research upgraded shares of Crown Castle from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Truist Financial started coverage on shares of Crown Castle in a research note on Tuesday, March 31st. They set a “hold” rating and a $90.00 price objective for the company. Wolfe Research lowered shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, May 20th. Finally, KeyCorp raised their price objective on shares of Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.52.

Crown Castle Stock Down 3.9%

Shares of CCI stock opened at $88.59 on Tuesday. The company has a 50 day moving average price of $89.10 and a 200-day moving average price of $87.71. 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 $38.66 billion, a PE ratio of 36.61, a P/E/G ratio of 0.47 and a beta of 0.93.

Crown Castle (NYSE:CCI) last posted 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. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.42 million. During the same quarter last year, the firm posted $1.10 earnings per share. The firm’s 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. Analysts anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.0625 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.25 annualized dividend and a yield of 4.8%. Crown Castle’s payout ratio is currently 175.62%.

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.