BNP Paribas Financial Markets Sells 8,201 Shares of Crown Castle Inc. $CCI

BNP Paribas Financial Markets lowered its stake in Crown Castle Inc. (NYSE:CCI) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 929,509 shares of the real estate investment trust’s stock after selling 8,201 shares during the quarter. BNP Paribas Financial Markets’ holdings in Crown Castle were worth $82,605,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Foresight Group Ltd Liability Partnership increased its stake in Crown Castle by 25.8% during the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 103,407 shares of the real estate investment trust’s stock valued at $9,950,000 after purchasing an additional 21,194 shares in the last quarter. National Pension Service increased its stake in Crown Castle by 3.5% during the 3rd quarter. National Pension Service now owns 656,795 shares of the real estate investment trust’s stock valued at $63,374,000 after purchasing an additional 21,986 shares in the last quarter. Aberdeen Group plc increased its stake in Crown Castle by 13.9% during the 4th quarter. Aberdeen Group plc now owns 1,052,667 shares of the real estate investment trust’s stock valued at $93,551,000 after purchasing an additional 128,212 shares in the last quarter. Vinva Investment Management Ltd increased its stake in Crown Castle by 30.9% during the 3rd quarter. Vinva Investment Management Ltd now owns 197,804 shares of the real estate investment trust’s stock valued at $19,027,000 after purchasing an additional 46,693 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Crown Castle by 9.9% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 672,933 shares of the real estate investment trust’s stock valued at $60,086,000 after purchasing an additional 60,497 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CCI. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. Truist Financial started coverage on shares of Crown Castle in a report on Tuesday, March 31st. They set a “hold” rating and a $90.00 price objective on the stock. UBS Group cut their price objective on shares of Crown Castle from $116.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. 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 report on Thursday, February 5th. Finally, Barclays lifted their price objective on shares of Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.52.

Crown Castle Stock Performance

Shares of NYSE:CCI opened at $91.01 on Tuesday. The company’s 50-day moving average is $86.80 and its 200 day moving average is $87.64. The company has a market capitalization of $39.72 billion, a P/E ratio of 37.61, a price-to-earnings-growth ratio of 0.46 and a beta of 0.93. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76.

Crown Castle (NYSE:CCI) last issued its quarterly 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 for the quarter, compared to the consensus estimate 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 quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, research analysts predict that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Monday, June 15th. Crown Castle’s payout ratio is currently 175.62%.

Crown Castle 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.