Russell Investments Group Ltd. Has $161.61 Million Holdings in Crown Castle Inc. $CCI

Russell Investments Group Ltd. increased its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 4.9% during the fourth quarter, Holdings Channel reports. The fund owned 1,818,360 shares of the real estate investment trust’s stock after purchasing an additional 85,658 shares during the period. Russell Investments Group Ltd.’s holdings in Crown Castle were worth $161,612,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Maryland State Retirement & Pension System boosted its stake in Crown Castle by 1.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 432,184 shares of the real estate investment trust’s stock worth $38,408,000 after purchasing an additional 7,006 shares in the last quarter. &PARTNERS increased its stake in shares of Crown Castle by 2.4% in the fourth quarter. &PARTNERS now owns 20,749 shares of the real estate investment trust’s stock valued at $1,837,000 after buying an additional 485 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Crown Castle in the fourth quarter valued at about $157,000. Rakuten Investment Management Inc. raised its holdings in shares of Crown Castle by 29,277.9% in the fourth quarter. Rakuten Investment Management Inc. now owns 57,287 shares of the real estate investment trust’s stock valued at $5,079,000 after buying an additional 57,092 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in shares of Crown Castle by 9.3% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,360 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 200 shares during the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Stock Down 0.7%

Crown Castle stock opened at $88.13 on Wednesday. The company has a 50 day moving average of $89.16 and a 200-day moving average of $87.69. Crown Castle Inc. has a twelve month low of $75.96 and a twelve month high of $115.76. The stock has a market capitalization of $38.46 billion, a PE ratio of 36.42, a price-to-earnings-growth ratio of 0.45 and a beta of 0.93.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. The business 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 quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the business posted $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Equities analysts anticipate that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $1.0625 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.8%. Crown Castle’s dividend payout ratio (DPR) is currently 175.62%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CCI. Sanford C. Bernstein began coverage on Crown Castle in a report on Thursday, March 5th. They issued an “outperform” rating and a $102.00 price target on the stock. BMO Capital Markets boosted their price objective on Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Raymond James Financial upped their target price on shares of Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 23rd. Zacks Research raised shares of Crown Castle from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, Jefferies Financial Group lifted their price target on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a research report on Tuesday, April 14th. Two 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $98.52.

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.