Crown Castle Inc. $CCI Position Trimmed by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its position in Crown Castle Inc. (NYSE:CCI) by 8.3% in the fourth quarter, HoldingsChannel reports. The firm owned 221,151 shares of the real estate investment trust’s stock after selling 19,897 shares during the period. Handelsbanken Fonder AB’s holdings in Crown Castle were worth $19,654,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Crown Castle by 0.6% during the 4th 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 buying an additional 386,733 shares during the last quarter. State Street Corp lifted its position in 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 worth $2,096,587,000 after acquiring an additional 266,963 shares during the last quarter. Invesco Ltd. raised its position in shares of Crown Castle by 33.2% during the third 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 during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Crown Castle by 3.0% in the third 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 purchasing an additional 177,896 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Crown Castle by 4.3% during 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 acquiring an additional 232,549 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 other Crown Castle news, EVP Edward B. Adams, Jr. sold 4,650 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $86.34, for a total transaction of $401,481.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert Sean Collins sold 3,000 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $87.49, for a total value of $262,470.00. Following the sale, the vice president owned 5,800 shares in the company, valued at approximately $507,442. This represents a 34.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.09% of the stock is currently owned by corporate insiders.

Crown Castle Stock Performance

NYSE:CCI opened at $92.64 on Thursday. The company has a market capitalization of $40.43 billion, a PE ratio of 38.28, a P/E/G ratio of 0.47 and a beta of 0.93. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76. The company has a 50 day simple moving average of $86.09 and a two-hundred day simple moving average of $87.59.

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

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, March 13th. Crown Castle’s payout ratio is 175.62%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays raised their target price on Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. decreased their price target on shares of Crown Castle from $110.00 to $95.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Jefferies Financial Group upped their target price on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a research note on Tuesday, April 14th. Wolfe Research lowered shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. Finally, KeyCorp upped their price target on Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, Crown Castle has a consensus rating of “Moderate Buy” and a consensus price target of $98.52.

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.