Bearing Point Capital LLC Sells 5,820 Shares of Crown Castle Inc. $CCI

Bearing Point Capital LLC reduced its position in Crown Castle Inc. (NYSE:CCI) by 71.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,280 shares of the real estate investment trust’s stock after selling 5,820 shares during the period. Bearing Point Capital LLC’s holdings in Crown Castle were worth $203,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Texas Yale Capital Corp. boosted its position in shares of Crown Castle by 36.8% during the fourth quarter. Texas Yale Capital Corp. now owns 19,895 shares of the real estate investment trust’s stock worth $1,768,000 after acquiring an additional 5,350 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Crown Castle by 5.9% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 952,037 shares of the real estate investment trust’s stock worth $84,608,000 after acquiring an additional 52,723 shares during the last quarter. Edgemoor Investment Advisors Inc. boosted its position in shares of Crown Castle by 1.0% during the fourth quarter. Edgemoor Investment Advisors Inc. now owns 93,731 shares of the real estate investment trust’s stock worth $8,330,000 after acquiring an additional 962 shares during the last quarter. Impact Partnership Wealth LLC bought a new position in shares of Crown Castle during the fourth quarter worth $444,000. Finally, Forsta AP Fonden boosted its position in shares of Crown Castle by 0.9% during the fourth quarter. Forsta AP Fonden now owns 99,000 shares of the real estate investment trust’s stock worth $8,798,000 after acquiring an additional 900 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CCI shares. Barclays upped their target price on shares of Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Wells Fargo & Company restated an “equal weight” rating and set a $85.00 target price (down from $90.00) on shares of Crown Castle in a research report on Monday, March 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Crown Castle from $110.00 to $95.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Jefferies Financial Group increased their price objective on shares of Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a research report on Tuesday, April 14th. Finally, Truist Financial initiated coverage on shares of Crown Castle in a research report on Tuesday, March 31st. They set a “hold” rating and a $90.00 price objective for the company. Two 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.52.

Crown Castle Trading Up 0.1%

Shares of CCI opened at $91.56 on Monday. Crown Castle Inc. has a twelve month low of $75.96 and a twelve month high of $115.76. The company has a market cap of $39.96 billion, a P/E ratio of 37.84, a P/E/G ratio of 0.46 and a beta of 0.93. The company’s fifty day simple moving average is $86.68 and its 200-day simple moving average is $87.66.

Crown Castle (NYSE:CCI) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating 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 business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.42 million. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The business’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. Analysts predict that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 dividend yield of 4.6%. Crown Castle’s dividend payout ratio is currently 175.62%.

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.