Crown Castle Inc. $CCI Holdings Lifted by S Bank Fund Management Ltd

S Bank Fund Management Ltd grew its holdings in Crown Castle Inc. (NYSE:CCI) by 40.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 34,950 shares of the real estate investment trust’s stock after buying an additional 10,000 shares during the period. S Bank Fund Management Ltd’s holdings in Crown Castle were worth $3,106,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Crown Castle by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 69,769,393 shares of the real estate investment trust’s stock valued at $6,200,406,000 after purchasing an additional 386,733 shares in the last quarter. State Street Corp lifted its holdings in shares of Crown Castle by 1.2% during the 3rd quarter. State Street Corp now owns 21,728,541 shares of the real estate investment trust’s stock valued at $2,096,587,000 after buying an additional 266,963 shares during the last quarter. Invesco Ltd. grew its stake in shares of Crown Castle by 33.2% in the 3rd quarter. Invesco Ltd. now owns 6,437,685 shares of the real estate investment trust’s stock valued at $621,172,000 after buying an additional 1,605,291 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Crown Castle by 3.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,185,915 shares of the real estate investment trust’s stock valued at $596,876,000 after buying an additional 177,896 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Crown Castle by 4.3% in the third quarter. Legal & General Group Plc now owns 5,621,490 shares of the real estate investment trust’s stock worth $542,418,000 after buying an additional 232,549 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Buying and Selling at Crown Castle

In other Crown Castle news, EVP Edward B. Adams, Jr. sold 4,650 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $86.34, for a total value of $401,481.00. Following the completion of the sale, the executive vice president directly owned 25,183 shares of the company’s stock, valued at $2,174,300.22. This represents a 15.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert Sean Collins sold 3,000 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $87.49, for a total transaction of $262,470.00. Following the transaction, the vice president owned 5,800 shares in the company, valued at approximately $507,442. The trade was a 34.09% decrease in their position. The SEC filing for this sale provides additional information. 0.09% of the stock is owned by corporate insiders.

Crown Castle Trading Down 1.2%

NYSE CCI opened at $89.11 on Wednesday. The company has a market cap of $38.89 billion, a P/E ratio of 36.82, a P/E/G ratio of 0.46 and a beta of 0.93. Crown Castle Inc. has a 1 year low of $75.96 and a 1 year high of $115.76. The company has a fifty day simple moving average of $85.83 and a 200 day simple moving average of $88.09.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.55. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.42 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Equities research analysts forecast that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a dividend of $1.0625 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $4.25 dividend on an annualized basis and a yield of 4.8%. Crown Castle’s payout ratio is 175.62%.

Analyst Ratings Changes

CCI has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Crown Castle from a “sell (d)” rating to a “hold (c-)” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. dropped their price target on shares of Crown Castle from $110.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. KeyCorp raised their price target on shares of Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $85.00 price objective (down from $90.00) on shares of Crown Castle in a research note on Monday, March 23rd. Finally, Jefferies Financial Group increased their target price 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 investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Crown Castle currently has an average rating of “Moderate Buy” and a consensus target price of $99.39.

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.