Independent Advisor Alliance Has $480,000 Stock Position in Crown Castle Inc. $CCI

Independent Advisor Alliance reduced its stake in Crown Castle Inc. (NYSE:CCI) by 71.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,404 shares of the real estate investment trust’s stock after selling 13,261 shares during the period. Independent Advisor Alliance’s holdings in Crown Castle were worth $480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Foresight Group Ltd Liability Partnership lifted 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 purchasing an additional 21,194 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Crown Castle by 15.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,963 shares of the real estate investment trust’s stock worth $6,847,000 after acquiring an additional 9,552 shares during the period. Cooke & Bieler LP grew its position in shares of Crown Castle by 6.1% during 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 acquiring an additional 138,061 shares during the period. National Pension Service increased its stake in shares of 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 purchasing an additional 21,986 shares in the last quarter. Finally, Aberdeen Group plc raised 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 worth $93,551,000 after purchasing an additional 128,212 shares during the period. Institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

CCI has been the subject of a number of recent analyst reports. Jefferies Financial Group boosted their price objective on Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a research report on Tuesday, April 14th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $85.00 target price (down from $90.00) on shares of Crown Castle in a research report on Monday, March 23rd. Sanford C. Bernstein started coverage on shares of Crown Castle in a research note on Thursday, March 5th. They set an “outperform” rating and a $102.00 target price for the company. Scotiabank lowered their price objective 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. Finally, Wall Street Zen upgraded Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $99.39.

Crown Castle Stock Up 0.0%

NYSE CCI opened at $86.67 on Monday. The company has a market capitalization of $37.83 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 0.44 and a beta of 0.93. The firm’s 50 day moving average is $86.00 and its 200-day moving average is $87.61. Crown Castle Inc. has a 12-month low of $75.96 and a 12-month high of $115.76.

Crown Castle (NYSE:CCI) last released its quarterly earnings data 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 quarter in the prior year, the firm posted $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, sell-side analysts expect that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a dividend of $1.0625 per share. The ex-dividend date was Friday, March 13th. This represents a $4.25 annualized dividend and a dividend yield of 4.9%. Crown Castle’s dividend payout ratio is currently 175.62%.

Insiders Place Their Bets

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 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 approximately $2,174,300.22. This represents a 15.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Robert Sean Collins sold 3,000 shares of Crown Castle 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 completion of the transaction, the vice president owned 5,800 shares of the company’s stock, valued at $507,442. The trade was 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 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.