BNP Paribas Financial Markets Sells 8,201 Shares of Crown Castle Inc. $CCI

BNP Paribas Financial Markets reduced its position in shares of Crown Castle Inc. (NYSE:CCI) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 929,509 shares of the real estate investment trust’s stock after selling 8,201 shares during the quarter. BNP Paribas Financial Markets owned 0.21% of Crown Castle worth $82,605,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCI. Wiser Advisor Group LLC bought a new position in shares of Crown Castle in the third quarter valued at about $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Crown Castle during the third quarter worth about $31,000. Triumph Capital Management acquired a new stake in Crown Castle during the third quarter worth about $31,000. Salomon & Ludwin LLC grew its stake 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 worth $34,000 after buying an additional 215 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in Crown Castle by 269.9% during the third quarter. Cornerstone Planning Group LLC now owns 381 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 278 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Crown Castle Price Performance

NYSE:CCI opened at $91.01 on Tuesday. The firm’s 50 day simple moving average is $86.80 and its 200 day simple moving average is $87.64. Crown Castle Inc. has a one year low of $75.96 and a one year high of $115.76. The company has a market cap of $39.72 billion, a PE ratio of 37.61, a P/E/G ratio of 0.46 and a beta of 0.93.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) 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 firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.42 million. During the same quarter last year, the business earned $1.10 EPS. The company’s revenue was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Equities research analysts expect that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, June 15th. This represents a $4.25 annualized dividend and a yield of 4.7%. Crown Castle’s dividend payout ratio (DPR) is presently 175.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CCI shares. Scotiabank reduced their price objective on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 7th. Sanford C. Bernstein began coverage on shares of Crown Castle in a research note on Thursday, March 5th. They set an “outperform” rating and a $102.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on shares of Crown Castle from $110.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Raymond James Financial raised their price target on shares of Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 23rd. Finally, KeyCorp raised their price target on shares of Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Two investment 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $98.52.

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.