USS Investment Management Ltd Buys 6,138 Shares of Crown Castle Inc. $CCI

USS Investment Management Ltd grew its stake in shares of Crown Castle Inc. (NYSE:CCI) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,735 shares of the real estate investment trust’s stock after buying an additional 6,138 shares during the period. USS Investment Management Ltd’s holdings in Crown Castle were worth $7,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CCI. Norges Bank bought a new stake in shares of Crown Castle during the fourth quarter valued at approximately $594,670,000. Cohen & Steers Inc. raised its position in shares of Crown Castle by 11.0% during the fourth quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock valued at $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 raised its position in shares of Crown Castle by 591.8% during 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 valued at $431,418,000 after buying an additional 3,824,778 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Crown Castle by 422.5% during 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 during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Crown Castle by 121.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 4,610,319 shares of the real estate investment trust’s stock valued at $409,719,000 after buying an additional 2,529,843 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Performance

Shares of CCI opened at $88.59 on Tuesday. The company’s fifty day moving average is $89.10 and its 200 day moving average is $87.71. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76. The stock has a market capitalization of $38.66 billion, a PE ratio of 36.61, a P/E/G ratio of 0.47 and a beta of 0.93.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results 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. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.42 million. During the same quarter in the previous year, the business posted $1.10 earnings per share. Crown Castle’s quarterly revenue was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, research analysts forecast that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $1.0625 per share. The ex-dividend date is Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a yield of 4.8%. Crown Castle’s payout ratio is 175.62%.

Wall Street Analyst Weigh In

CCI has been the topic of several recent analyst reports. Raymond James Financial lifted their price objective on shares of Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 23rd. BMO Capital Markets boosted their price target on shares of Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Wolfe Research cut shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. Wells Fargo & Company restated an “equal weight” rating and issued a $85.00 price target (down from $90.00) on shares of Crown Castle in a research report on Monday, March 23rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Two investment 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. According to data from MarketBeat.com, Crown Castle has an average rating of “Moderate Buy” and a consensus target price 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.