Bridges Investment Management Inc. Has $1.88 Million Stock Holdings in Crown Castle Inc. $CCI

Bridges Investment Management Inc. raised its stake in Crown Castle Inc. (NYSE:CCI) by 46.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,121 shares of the real estate investment trust’s stock after purchasing an additional 6,671 shares during the quarter. Bridges Investment Management Inc.’s holdings in Crown Castle were worth $1,877,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Wiser Advisor Group LLC acquired a new position in Crown Castle in the 3rd quarter valued at $29,000. Triumph Capital Management bought a new stake in Crown Castle during the 3rd quarter worth $31,000. KERR FINANCIAL PLANNING Corp bought a new stake in Crown Castle during the 3rd quarter worth $31,000. Cornerstone Planning Group LLC grew its position in Crown Castle by 269.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 381 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 278 shares during the last quarter. Finally, Salomon & Ludwin LLC grew its position in Crown Castle by 128.7% during the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 215 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 research analysts have commented on CCI shares. Scotiabank reduced their price target on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 7th. Truist Financial started coverage on Crown Castle in a research report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 price target on the stock. Jefferies Financial Group upped 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. Sanford C. Bernstein started coverage on Crown Castle in a research report on Thursday, March 5th. They issued an “outperform” rating and a $102.00 price target on the stock. Finally, KeyCorp upped their price target on Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $98.52.

Crown Castle Price Performance

NYSE:CCI opened at $88.78 on Thursday. The business has a fifty day simple moving average of $87.10 and a two-hundred day simple moving average of $87.60. Crown Castle Inc. has a 1 year low of $75.96 and a 1 year high of $115.76. The company has a market capitalization of $38.75 billion, a P/E ratio of 36.68, a P/E/G ratio of 0.46 and a beta of 0.93.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, topping 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 firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.42 million. During the same period last year, the company earned $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. As a group, analysts anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $1.0625 dividend. The ex-dividend date is Monday, June 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.8%. Crown Castle’s payout ratio is currently 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.