WINTON GROUP Ltd Purchases New Holdings in Crown Castle Inc. $CCI

WINTON GROUP Ltd purchased a new stake in shares of Crown Castle Inc. (NYSE:CCI) in the 4th quarter, Holdings Channel reports. The fund purchased 102,251 shares of the real estate investment trust’s stock, valued at approximately $9,087,000.

Several other large investors have also recently bought and sold shares of CCI. Norges Bank acquired a new position in Crown Castle during the fourth quarter valued at approximately $594,670,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in 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 purchasing an additional 3,824,778 shares during the last quarter. Principal Financial Group Inc. boosted its position in 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 purchasing an additional 2,895,756 shares during the last quarter. Invesco Ltd. boosted its position in Crown Castle by 33.2% during the third quarter. Invesco Ltd. now owns 6,437,685 shares of the real estate investment trust’s stock valued at $621,172,000 after purchasing an additional 1,605,291 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd acquired a new position in Crown Castle during the third quarter valued at approximately $121,726,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on CCI. Jefferies Financial Group increased their price target on Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a research report on Tuesday, April 14th. Wolfe Research cut Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. Wall Street Zen raised Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. BMO Capital Markets increased their price target on Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, Raymond James Financial increased their price target on Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $98.52.

Crown Castle Stock Up 0.5%

CCI opened at $94.27 on Friday. Crown Castle Inc. has a 12-month low of $75.96 and a 12-month high of $115.76. The stock has a market cap of $41.15 billion, a price-to-earnings ratio of 38.96, a PEG ratio of 0.48 and a beta of 0.93. The business has a 50 day moving average of $87.75 and a 200-day moving average of $87.66.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.55. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.42 million. During the same period last year, the firm posted $1.10 earnings per share. The business’s 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, analysts expect that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is presently 175.62%.

Crown Castle 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.