Danske Bank A S Boosts Holdings in Crown Castle Inc. $CCI

Danske Bank A S boosted its position in shares of Crown Castle Inc. (NYSE:CCI) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 218,067 shares of the real estate investment trust’s stock after acquiring an additional 18,100 shares during the period. Danske Bank A S’s holdings in Crown Castle were worth $19,380,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LRI Investments LLC purchased a new stake in Crown Castle during the third quarter valued at approximately $29,000. Wiser Advisor Group LLC purchased a new position in shares of Crown Castle in the third quarter worth $29,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Crown Castle in the third quarter worth $31,000. Triumph Capital Management purchased a new position in shares of Crown Castle in the third quarter worth $31,000. Finally, Salomon & Ludwin LLC raised its holdings in shares of Crown Castle by 128.7% in the fourth quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Activity

In other news, EVP Edward B. Adams, Jr. sold 4,650 shares of Crown Castle 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 sale, the executive vice president owned 25,183 shares in the company, valued at $2,174,300.22. This trade represents a 15.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert Sean Collins sold 3,000 shares of Crown Castle stock in a transaction dated Friday, February 27th. The shares were 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 approximately $507,442. This trade represents a 34.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.09% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays decreased their price target on shares of Crown Castle from $101.00 to $91.00 and set an “equal weight” rating for the company in a report on Tuesday, February 17th. Royal Bank Of Canada cut their price objective on shares of Crown Castle from $112.00 to $110.00 and set an “outperform” rating on the stock in a research note on Monday, January 12th. HSBC cut their price objective on shares of Crown Castle from $107.00 to $88.40 and set a “hold” rating on the stock in a research note on Thursday, February 5th. Raymond James Financial increased their price objective on shares of 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, JPMorgan Chase & Co. cut their price objective on shares of Crown Castle from $110.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $99.34.

Crown Castle Stock Performance

CCI stock opened at $89.38 on Friday. The firm has a market cap of $39.00 billion, a PE ratio of 36.93, a P/E/G ratio of 0.45 and a beta of 0.93. The firm’s fifty day moving average is $85.81 and its 200 day moving average is $88.22. Crown Castle Inc. has a one year low of $75.96 and a one year high of $115.76.

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

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.8%. The ex-dividend date was Friday, March 13th. Crown Castle’s dividend payout ratio (DPR) is currently 175.62%.

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.