Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $505,000 Investment in Crown Castle Inc. $CCI

by · The Cerbat Gem

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Crown Castle Inc. (NYSE:CCI – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,688 shares of the real estate investment trust’s stock, valued at approximately $505,000.

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in shares of Crown Castle by 7.5% during the first quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust’s stock valued at $1,714,000 after purchasing an additional 1,150 shares during the period. First Trust Advisors LP boosted its holdings in Crown Castle by 6.9% during the second quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust’s stock worth $9,000,000 after buying an additional 5,630 shares in the last quarter. Baird Financial Group Inc. boosted its position 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 purchasing an additional 272 shares during the period. Jump Financial LLC boosted its position 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 purchasing an additional 3,603 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of 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 valued at $509,000 after purchasing an additional 261 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Robert Sean Collins sold 3,000 shares of the business’s 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 completion of the sale, the vice president owned 5,800 shares in the company, valued at $507,442. The trade was a 34.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Edward B. Adams, Jr. sold 4,650 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $86.34, for a total value of $401,481.00. Following the completion of the sale, the executive vice president owned 25,183 shares of the company’s stock, valued at $2,174,300.22. This represents a 15.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CCI shares. Wolfe Research lowered Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday. Wall Street Zen raised Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Scotiabank dropped their price target on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 7th. Truist Financial started coverage on Crown Castle in a research report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 price target on the stock. Finally, Sanford C. Bernstein started coverage on Crown Castle in a report on Thursday, March 5th. They set an “outperform” rating and a $102.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, Crown Castle currently has an average rating of “Moderate Buy” and an average price target of $98.52.

View Our Latest Report on CCI

Crown Castle Stock Down 0.7%

CCI stock opened at $91.42 on Friday. The company has a market cap of $39.90 billion, a P/E ratio of 37.78, a PEG ratio of 0.46 and a beta of 0.93. Crown Castle Inc. has a twelve month low of $75.96 and a twelve month high of $115.76. The business has a fifty day moving average of $86.24 and a 200-day moving average of $87.63.

Crown Castle (NYSE:CCI – Get Free Report) last released its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.42 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, equities research analysts anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $1.0625 per share. The ex-dividend date is Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.6%. Crown Castle’s payout ratio is presently 175.62%.

Crown Castle Profile

(Free Report)

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.

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