Crown Castle Inc. $CCI Shares Sold by Tobam

Tobam lessened its position in Crown Castle Inc. (NYSE:CCI) by 53.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,122 shares of the real estate investment trust’s stock after selling 9,442 shares during the period. Tobam’s holdings in Crown Castle were worth $722,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in shares of Crown Castle in the 4th quarter worth approximately $594,670,000. Lazard Asset Management LLC boosted its holdings in Crown Castle by 124.2% during the fourth quarter. Lazard Asset Management LLC now owns 11,635,117 shares of the real estate investment trust’s stock worth $1,034,013,000 after buying an additional 6,445,237 shares in the last quarter. Cohen & Steers Inc. grew its position in Crown Castle by 11.0% in the fourth quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock worth $3,536,214,000 after buying an additional 3,953,685 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Crown Castle by 591.8% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,471,120 shares of the real estate investment trust’s stock worth $431,418,000 after buying an additional 3,824,778 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Crown Castle by 422.5% in the fourth quarter. Principal Financial Group Inc. now owns 3,581,154 shares of the real estate investment trust’s stock valued at $318,258,000 after buying an additional 2,895,756 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Trading Down 0.0%

NYSE:CCI opened at $82.02 on Friday. The business’s fifty day moving average price is $89.02 and its 200 day moving average price is $87.55. The firm has a market capitalization of $35.80 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 0.42 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.

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

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $1.0625 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a yield of 5.2%. Crown Castle’s payout ratio is presently 175.62%.

Analyst Ratings Changes

CCI has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Scotiabank decreased their target price on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 7th. Jefferies Financial Group boosted their target price on Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a research report on Tuesday, April 14th. Sanford C. Bernstein began coverage on Crown Castle in a research report on Thursday, March 5th. They set an “outperform” rating and a $102.00 target price on the stock. Finally, Barclays upped their target price on Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $98.52.

About Crown Castle

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.