Swedbank AB Increases Stock Holdings in Crown Castle Inc. $CCI

Swedbank AB boosted its stake in Crown Castle Inc. (NYSE:CCI) by 3.2% during the first quarter, Holdings Channel.com reports. The fund owned 316,393 shares of the real estate investment trust’s stock after purchasing an additional 9,919 shares during the quarter. Swedbank AB’s holdings in Crown Castle were worth $25,726,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wiser Advisor Group LLC acquired a new position in Crown Castle during the third quarter worth $29,000. Triumph Capital Management purchased a new position in Crown Castle during the third quarter valued at $31,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Crown Castle in the third quarter valued at about $31,000. Hilton Head Capital Partners LLC grew its position 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 during the period. Finally, Salomon & Ludwin LLC increased its stake in shares of Crown Castle by 128.7% during the fourth quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. KeyCorp upped their price target on shares of Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Wolfe Research cut Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th. Scotiabank cut 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. Raymond James Financial boosted their price objective on Crown Castle from $102.00 to $108.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 23rd. Finally, Truist Financial assumed coverage on Crown Castle in a report on Tuesday, March 31st. They set a “hold” rating and a $90.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, Crown Castle has an average rating of “Moderate Buy” and a consensus target price of $98.52.

Crown Castle Stock Down 0.3%

Crown Castle stock opened at $76.96 on Thursday. Crown Castle Inc. has a 52-week low of $73.75 and a 52-week high of $115.76. The firm has a market capitalization of $33.59 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 0.39 and a beta of 0.95. The company has a fifty day simple moving average of $87.05 and a 200-day simple moving average of $86.58.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, beating 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 $995.41 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $1.0625 dividend. The ex-dividend date was Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a yield of 5.5%. Crown Castle’s dividend payout ratio is presently 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.