MASTERINVEST Kapitalanlage GmbH Invests $646,000 in Crown Castle Inc. $CCI

MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Crown Castle Inc. (NYSE:CCI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,535 shares of the real estate investment trust’s stock, valued at approximately $646,000.

A number of other institutional investors also recently added to or reduced their stakes in CCI. BlackRock Inc. acquired a new stake in shares of Crown Castle in the 2nd quarter valued at approximately $3,326,154,000. Norges Bank acquired a new position in Crown Castle during the fourth quarter worth $594,670,000. Lazard Asset Management LLC grew 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 acquiring an additional 6,445,237 shares during the period. Legal & General Group Plc purchased a new position in Crown Castle in the second quarter worth $456,897,000. Finally, Deutsche Bank AG purchased a new position in Crown Castle in the second quarter worth $429,341,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Activity at Crown Castle

In other news, VP Robert Sean Collins sold 1,500 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $75.89, for a total value of $113,835.00. Following the transaction, the vice president owned 5,113 shares of the company’s stock, valued at approximately $388,025.57. This trade represents a 22.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.09% of the company’s stock.

Crown Castle Price Performance

Shares of CCI stock opened at $76.09 on Friday. The firm’s 50-day simple moving average is $76.91 and its 200-day simple moving average is $83.86. Crown Castle Inc. has a 1-year low of $69.72 and a 1-year high of $100.50. The firm has a market cap of $32.37 billion, a P/E ratio of 38.62, a PEG ratio of 0.40 and a beta of 0.95.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.17). Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.05 million. During the same period last year, the business posted $0.67 earnings per share. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. Analysts expect that Crown Castle Inc. will post 4.39 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Crown Castle’s dividend payout ratio is 215.74%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. The Goldman Sachs Group began coverage on shares of Crown Castle in a research note on Friday, June 26th. They issued a “neutral” rating and a $95.00 price objective for the company. Royal Bank Of Canada lowered their target price on shares of Crown Castle from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. JPMorgan Chase & Co. dropped their target price on shares of Crown Castle from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. TD Cowen decreased their price target on Crown Castle from $94.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group dropped their price objective on Crown Castle from $88.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Crown Castle presently has an average rating of “Moderate Buy” and an average price target of $95.13.

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.