Skylands Capital LLC Acquires 24,585 Shares of Crown Castle Inc. $CCI

Skylands Capital LLC raised its holdings in Crown Castle Inc. (NYSE:CCI) by 9.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 286,635 shares of the real estate investment trust’s stock after acquiring an additional 24,585 shares during the quarter. Crown Castle comprises approximately 3.1% of Skylands Capital LLC’s investment portfolio, making the stock its 6th largest holding. Skylands Capital LLC’s holdings in Crown Castle were worth $23,306,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wiser Advisor Group LLC acquired a new stake in shares of Crown Castle in the third quarter valued at $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in Crown Castle during the 3rd quarter worth $31,000. Triumph Capital Management acquired a new position in Crown Castle during the 3rd quarter worth $31,000. Hilton Head Capital Partners LLC increased its holdings in Crown Castle by 55.6% during the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 134 shares during the period. Finally, Salomon & Ludwin LLC increased its holdings in Crown Castle by 128.7% during the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Performance

CCI opened at $82.58 on Friday. Crown Castle Inc. has a one year low of $75.96 and a one year high of $115.76. The company has a market cap of $36.04 billion, a P/E ratio of 34.12, a PEG ratio of 0.42 and a beta of 0.93. The business’s 50-day simple moving average is $88.61 and its 200-day simple moving average is $87.33.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.55. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.41 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The firm’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, 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. Shareholders of record on Monday, June 15th will be paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 5.1%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio is currently 175.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CCI shares. Scotiabank reduced 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. BMO Capital Markets upped their target price on shares of Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Truist Financial started coverage on shares of Crown Castle in a report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 target price on the stock. Sanford C. Bernstein initiated coverage on shares of Crown Castle in a research note on Thursday, March 5th. They issued an “outperform” rating and a $102.00 price target for the company. Finally, Jefferies Financial Group boosted their price target on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a report on Tuesday, April 14th. 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 company. According to MarketBeat, Crown Castle currently has a consensus rating of “Moderate Buy” and an average target price of $98.52.

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.