National Pension Service Acquires 98,958 Shares of Crown Castle Inc. $CCI

National Pension Service grew its holdings in Crown Castle Inc. (NYSE:CCI) by 15.1% during the 4th quarter, Holdings Channel reports. The firm owned 755,753 shares of the real estate investment trust’s stock after purchasing an additional 98,958 shares during the period. National Pension Service’s holdings in Crown Castle were worth $67,164,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CCI. LRI Investments LLC bought a new position in shares of Crown Castle in the 3rd quarter valued at about $29,000. Wiser Advisor Group LLC bought a new position in Crown Castle during the 3rd quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp bought a new position in Crown Castle during the 3rd quarter worth approximately $31,000. Triumph Capital Management bought a new position in Crown Castle during the 3rd quarter worth approximately $31,000. Finally, Salomon & Ludwin LLC boosted its stake in Crown Castle by 128.7% during the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 215 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Performance

Shares of CCI stock opened at $91.56 on Friday. The company has a market capitalization of $39.96 billion, a P/E ratio of 37.84, a price-to-earnings-growth ratio of 0.46 and a beta of 0.93. The company’s 50 day moving average price is $86.68 and its two-hundred day moving average price is $87.69. Crown Castle Inc. has a 52 week low of $75.96 and a 52 week high of $115.76.

Crown Castle (NYSE:CCI) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, topping the consensus estimate of $0.47 by $0.55. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.42 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. 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. Analysts forecast that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is 175.62%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. HSBC reduced their price objective on shares of Crown Castle from $107.00 to $88.40 and set a “hold” rating on the stock in a research note on Thursday, February 5th. Raymond James Financial lifted their price objective on shares of Crown Castle from $102.00 to $108.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 23rd. Barclays lifted their price objective on shares of Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Truist Financial assumed coverage on shares of Crown Castle in a research note on Tuesday, March 31st. They set a “hold” rating and a $90.00 price objective on the stock. Finally, Citigroup reduced their price objective on shares of Crown Castle from $110.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.