Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Position in Crown Castle Inc. $CCI

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Crown Castle Inc. (NYSE:CCI) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 952,037 shares of the real estate investment trust’s stock after purchasing an additional 52,723 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.22% of Crown Castle worth $84,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in Crown Castle during the third quarter valued at approximately $29,000. Wiser Advisor Group LLC purchased a new stake in Crown Castle during the third quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Crown Castle during the third quarter valued at approximately $31,000. Triumph Capital Management purchased a new stake in Crown Castle during the third quarter valued at approximately $31,000. Finally, Salomon & Ludwin LLC raised its position in Crown Castle by 128.7% during the fourth quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 215 shares during the period. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CCI shares. Barclays upped their price objective on Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. decreased their price objective on Crown Castle from $110.00 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Raymond James Financial increased their price target on Crown Castle from $102.00 to $108.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 23rd. Zacks Research upgraded Crown Castle from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Citigroup reduced their price target on Crown Castle from $110.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $98.52.

Crown Castle Stock Performance

Shares of NYSE CCI opened at $91.56 on Friday. The business’s 50 day moving average price is $86.68 and its 200-day moving average price is $87.69. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76. The company has a market cap of $39.96 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 0.46 and a beta of 0.93.

Crown Castle (NYSE:CCI) last issued 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 negative return on equity of 64.64% and a net margin of 25.13%.The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.42 million. During the same period in the prior year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Sell-side analysts predict that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $1.0625 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.25 annualized dividend and a yield of 4.6%. Crown Castle’s dividend payout ratio is 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.