IFP Advisors Inc Buys 8,325 Shares of Crown Castle Inc. $CCI

IFP Advisors Inc lifted its stake in Crown Castle Inc. (NYSE:CCI) by 509.5% during the fourth quarter, Holdings Channel reports. The fund owned 9,959 shares of the real estate investment trust’s stock after acquiring an additional 8,325 shares during the quarter. IFP Advisors Inc’s holdings in Crown Castle were worth $885,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Foresight Group Ltd Liability Partnership raised its stake in shares of Crown Castle by 25.8% in the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 103,407 shares of the real estate investment trust’s stock valued at $9,950,000 after acquiring an additional 21,194 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Crown Castle by 15.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,963 shares of the real estate investment trust’s stock valued at $6,847,000 after acquiring an additional 9,552 shares in the last quarter. Cooke & Bieler LP grew its holdings in Crown Castle by 6.1% in the 3rd quarter. Cooke & Bieler LP now owns 2,419,034 shares of the real estate investment trust’s stock valued at $233,413,000 after buying an additional 138,061 shares during the last quarter. National Pension Service grew its holdings in Crown Castle by 3.5% in the 3rd quarter. National Pension Service now owns 656,795 shares of the real estate investment trust’s stock valued at $63,374,000 after buying an additional 21,986 shares during the last quarter. Finally, Aberdeen Group plc grew its holdings in Crown Castle by 13.9% in the 4th quarter. Aberdeen Group plc now owns 1,052,667 shares of the real estate investment trust’s stock valued at $93,551,000 after buying an additional 128,212 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

Crown Castle Trading Down 0.0%

Shares of NYSE:CCI opened at $91.42 on Monday. Crown Castle Inc. has a 1-year low of $75.96 and a 1-year high of $115.76. The firm has a market capitalization of $39.90 billion, a PE ratio of 37.78, a PEG ratio of 0.46 and a beta of 0.93. The business’s 50 day moving average is $86.24 and its 200-day moving average is $87.61.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.55. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.42 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.Crown Castle’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, sell-side analysts predict that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Announces Dividend

The business also recently announced 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. This represents a $4.25 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is 175.62%.

Wall Street Analyst Weigh In

CCI has been the topic of a number of research analyst reports. Wolfe Research lowered Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th. Zacks Research raised Crown Castle from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. The Goldman Sachs Group lowered their target price on Crown Castle from $105.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Barclays raised 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. Finally, Wall Street Zen raised Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Crown Castle currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.52.

Insider Activity at Crown Castle

In related news, EVP Edward B. Adams, Jr. sold 4,650 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total transaction of $401,481.00. Following the completion of the transaction, the executive vice president owned 25,183 shares in the company, valued at $2,174,300.22. This trade represents a 15.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert Sean Collins sold 3,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president owned 5,800 shares of the company’s stock, valued at $507,442. This trade represents a 34.09% decrease in their position. The SEC filing for this sale provides additional information. 0.09% of the stock is owned by company insiders.

Crown Castle Company 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.