Junto Capital Management LP Makes New $68.63 Million Investment in Crown Castle Inc. $CCI

Junto Capital Management LP acquired a new stake in Crown Castle Inc. (NYSE:CCI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 906,204 shares of the real estate investment trust’s stock, valued at approximately $68,627,000. Junto Capital Management LP owned 0.21% of Crown Castle as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC increased its stake in Crown Castle by 5.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,325 shares of the real estate investment trust’s stock worth $555,000 after acquiring an additional 353 shares during the period. MCF Advisors LLC lifted its position in shares of Crown Castle by 34.4% during the 2nd quarter. MCF Advisors LLC now owns 13,454 shares of the real estate investment trust’s stock valued at $1,019,000 after acquiring an additional 3,447 shares during the period. National Pension Service grew its holdings in shares of Crown Castle by 8.1% during the 2nd quarter. National Pension Service now owns 674,624 shares of the real estate investment trust’s stock worth $51,089,000 after purchasing an additional 50,772 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Crown Castle during the 2nd quarter worth $727,000. Finally, Cidel Asset Management Inc. grew its holdings in shares of Crown Castle by 8.9% during the 2nd quarter. Cidel Asset Management Inc. now owns 3,525 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 289 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Crown Castle

In related news, VP Robert Collins sold 1,500 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $113,835.00. Following the sale, the vice president owned 5,113 shares of the company’s stock, valued at $388,025.57. This trade represents a 22.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.

Crown Castle Trading Down 1.1%

CCI opened at $75.16 on Thursday. The company has a market cap of $31.98 billion, a P/E ratio of 38.15, a PEG ratio of 0.68 and a beta of 0.95. The company’s 50 day moving average is $76.21 and its 200-day moving average is $83.17. Crown Castle Inc. has a 1-year low of $69.72 and a 1-year high of $100.50.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.17). Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.05 million. During the same period in the previous year, the company earned $0.67 EPS. Crown Castle’s revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. On average, equities analysts forecast that Crown Castle Inc. will post 4.39 EPS for the current year.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Tuesday, September 15th. Crown Castle’s dividend payout ratio is presently 215.74%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CCI shares. Citizens Jmp cut their price objective on shares of Crown Castle from $125.00 to $120.00 and set a “market outperform” rating for the company in a research report on Friday, July 24th. Citigroup restated a “market outperform” rating on shares of Crown Castle in a research report on Friday, July 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crown Castle in a report on Wednesday, August 19th. Royal Bank Of Canada decreased their price objective on shares of Crown Castle from $92.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group assumed coverage on Crown Castle in a research note on Friday, June 26th. They set a “neutral” rating and a $95.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.13.

Crown Castle Company Profile

Crown Castle Inc (NYSE: CCI) is a communications infrastructure company that owns, operates and leases shared wireless infrastructure in the United States. Its assets support wireless carriers, broadcasters, government agencies and other communications providers by enabling the transmission of voice, data and video services.

The company’s primary infrastructure includes cell towers and other tower sites that host antennas and related equipment. Crown Castle has also developed and operated fiber networks and small-cell systems, which help wireless providers expand network capacity and coverage in densely populated areas and along high-traffic corridors.

Founded in 1994 and headquartered in Houston, Texas, Crown Castle has historically served customers across major U.S.