174,550 Shares in Crown Castle Inc. $CCI Acquired by Nykredit A S

Nykredit A S purchased a new stake in shares of Crown Castle Inc. (NYSE:CCI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 174,550 shares of the real estate investment trust’s stock, valued at approximately $13,219,000.

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

Crown Castle Stock Down 2.0%

Shares of CCI opened at $75.75 on Friday. The stock has a market cap of $32.23 billion, a price-to-earnings ratio of 38.45, a P/E/G ratio of 0.69 and a beta of 0.95. Crown Castle Inc. has a 12 month low of $69.72 and a 12 month high of $100.50. The company has a 50-day moving average price of $76.28 and a two-hundred day moving average price of $83.50.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.17). Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.05 million. During the same period in the prior year, the business earned $0.67 earnings per share. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. Equities research analysts expect that Crown Castle Inc. will post 4.39 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $1.0625 per share. The ex-dividend date is Tuesday, September 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.6%. Crown Castle’s payout ratio is presently 215.74%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CCI. Truist Financial decreased their target price on Crown Castle from $95.00 to $87.00 and set a “hold” rating for the company in a research report on Tuesday, July 28th. Royal Bank Of Canada dropped their price target on shares of Crown Castle from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Jefferies Financial Group reduced their price objective on shares of Crown Castle from $88.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, July 15th. The Goldman Sachs Group assumed coverage on shares of Crown Castle in a report on Friday, June 26th. They set a “neutral” rating and a $95.00 price objective for the company. Finally, TD Cowen lowered their target price on shares of Crown Castle from $94.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.13.

Insiders Place Their Bets

In other news, VP Robert Collins sold 1,500 shares of Crown Castle stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $75.89, for a total transaction of $113,835.00. Following the completion of the sale, the vice president owned 5,113 shares in the company, valued at $388,025.57. The trade was a 22.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.09% of the company’s stock.

Crown Castle Company 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.