Corient Private Wealth LP Takes Position in Crown Castle Inc. $CCI

Corient Private Wealth LP acquired a new stake in shares of Crown Castle Inc. (NYSE:CCI) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 375,059 shares of the real estate investment trust’s stock, valued at approximately $8,227,000.

A number of other large investors also recently bought and sold shares of CCI. Binnacle Investments Inc lifted its holdings in Crown Castle by 10.9% during the third quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 127 shares during the period. Front Row Advisors LLC raised its position in shares of Crown Castle by 1.4% in the 1st quarter. Front Row Advisors LLC now owns 9,305 shares of the real estate investment trust’s stock worth $757,000 after acquiring an additional 130 shares in the last quarter. Hilton Head Capital Partners LLC raised its position in shares of Crown Castle by 55.6% in the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 134 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of Crown Castle by 10.2% in the 1st quarter. CENTRAL TRUST Co now owns 1,488 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 138 shares in the last quarter. Finally, Principal Securities Inc. lifted its stake in shares of Crown Castle by 3.9% during the 4th quarter. Principal Securities Inc. now owns 3,754 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 142 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CCI shares. The Goldman Sachs Group initiated coverage on Crown Castle in a research report on Friday, June 26th. They set a “neutral” rating and a $95.00 price objective on the stock. Royal Bank Of Canada decreased their price target on shares of Crown Castle from $92.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Barclays raised their price target on shares of Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. TD Cowen reduced their price objective on shares of Crown Castle from $94.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Finally, Citigroup reiterated a “market outperform” rating on shares of Crown Castle in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.13.

Insider Activity at Crown Castle

In related news, VP Robert Sean Collins sold 1,500 shares of Crown Castle stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $75.89, for a total value of $113,835.00. Following the completion of the sale, the vice president directly owned 5,113 shares in the company, valued at $388,025.57. This trade represents a 22.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by insiders.

Crown Castle Price Performance

Shares of CCI stock opened at $76.09 on Monday. The stock’s fifty day moving average price is $76.91 and its 200 day moving average price is $83.87. Crown Castle Inc. has a 1-year low of $69.72 and a 1-year high of $100.50. The company has a market cap of $32.37 billion, a price-to-earnings ratio of 38.62, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.17). The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.05 million. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 earnings per share. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, equities research analysts anticipate that Crown Castle Inc. will post 4.39 earnings per share for the current year.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Crown Castle’s dividend payout ratio (DPR) is presently 215.74%.

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.