Crown Castle Inc. $CCI Shares Purchased by Morningstar Investment Management LLC
by Renee Jackson · The Cerbat GemMorningstar Investment Management LLC boosted its holdings in Crown Castle Inc. (NYSE:CCI – Free Report) by 15.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,458 shares of the real estate investment trust’s stock after acquiring an additional 6,521 shares during the quarter. Morningstar Investment Management LLC’s holdings in Crown Castle were worth $4,395,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in Crown Castle in the 3rd quarter valued at approximately $29,000. Wiser Advisor Group LLC acquired a new stake in Crown Castle in the 3rd quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Crown Castle in the 3rd quarter valued at approximately $31,000. Triumph Capital Management acquired a new stake in Crown Castle in the 3rd quarter valued at approximately $31,000. Finally, Salomon & Ludwin LLC increased its position in 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 acquiring an additional 215 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts recently commented on CCI shares. HSBC lowered their target price on Crown Castle from $107.00 to $88.40 and set a “hold” rating on the stock in a research report on Thursday, February 5th. Sanford C. Bernstein began coverage on Crown Castle in a research note on Thursday, March 5th. They set an “outperform” rating and a $102.00 price target for the company. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $85.00 price target (down from $90.00) on shares of Crown Castle in a research note on Monday, March 23rd. The Goldman Sachs Group decreased their price target 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. Finally, BMO Capital Markets increased their price target on Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $98.52.
Check Out Our Latest Report on Crown Castle
Crown Castle Stock Performance
Shares of NYSE CCI opened at $91.42 on Monday. The stock has a fifty day moving average price of $86.24 and a two-hundred day moving average price of $87.61. The firm 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 1 year low of $75.96 and a 1 year high of $115.76.
Crown Castle (NYSE:CCI – Get Free Report) 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, beating analysts’ consensus estimates of $0.47 by $0.55. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates 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 period last year, the company posted $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, research analysts predict that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.
Crown Castle Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid 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 dividend yield of 4.6%. Crown Castle’s dividend payout ratio (DPR) is currently 175.62%.
Insider Buying and Selling at Crown Castle
In other news, VP Robert Sean Collins sold 3,000 shares of the firm’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 directly owned 5,800 shares of the company’s stock, valued at $507,442. This trade represents a 34.09% decrease in their position. 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 firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total value of $401,481.00. Following the sale, the executive vice president directly owned 25,183 shares of the company’s stock, valued at approximately $2,174,300.22. This represents a 15.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.09% of the company’s stock.
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.
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