Swiss National Bank Has $103.91 Million Stake in Crown Castle Inc. $CCI

Swiss National Bank raised its position in shares of Crown Castle Inc. (NYSE:CCI) by 7.1% during the first quarter, HoldingsChannel.com reports. The fund owned 1,278,000 shares of the real estate investment trust’s stock after buying an additional 84,700 shares during the quarter. Swiss National Bank’s holdings in Crown Castle were worth $103,914,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Empowered Funds LLC grew its stake in Crown Castle by 7.5% during the first quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust’s stock worth $1,714,000 after purchasing an additional 1,150 shares during the period. First Trust Advisors LP lifted its stake in Crown Castle by 6.9% in the second quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust’s stock valued at $9,000,000 after buying an additional 5,630 shares during the period. Baird Financial Group Inc. lifted its stake in Crown Castle by 3.7% in the second quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust’s stock valued at $786,000 after buying an additional 272 shares during the period. Jump Financial LLC boosted its holdings in shares of Crown Castle by 49.3% during the 2nd quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust’s stock worth $1,121,000 after buying an additional 3,603 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Crown Castle by 5.6% during the 2nd quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust’s stock worth $509,000 after buying an additional 261 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on CCI shares. Scotiabank reduced their price target on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a report on Tuesday, April 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. KeyCorp raised their target price on Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Raymond James Financial boosted their target price on Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 23rd. Finally, Wolfe Research downgraded Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Crown Castle currently has an average rating of “Moderate Buy” and a consensus target price of $98.52.

Crown Castle Trading Down 1.5%

Shares of Crown Castle stock opened at $78.02 on Tuesday. The business’s fifty day simple moving average is $85.41 and its 200 day simple moving average is $86.08. The firm has a market capitalization of $34.05 billion, a P/E ratio of 32.24, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. Crown Castle Inc. has a 12 month low of $73.75 and a 12 month high of $115.76.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.55. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.41 million. During the same period in the previous year, the company posted $1.10 earnings per share. The business’s revenue was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Analysts predict that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is 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.