Cibc World Market Inc. Has $26.15 Million Holdings in Crown Castle Inc. $CCI

Cibc World Market Inc. boosted its holdings in Crown Castle Inc. (NYSE:CCI) by 18.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 294,286 shares of the real estate investment trust’s stock after purchasing an additional 45,641 shares during the quarter. Cibc World Market Inc. owned 0.07% of Crown Castle worth $26,153,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC increased its stake in Crown Castle by 7.5% during the 1st quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust’s stock worth $1,714,000 after acquiring an additional 1,150 shares during the period. First Trust Advisors LP lifted its position in Crown Castle by 6.9% during the second quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust’s stock worth $9,000,000 after purchasing an additional 5,630 shares during the period. Baird Financial Group Inc. grew its stake in Crown Castle by 3.7% during the second quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust’s stock worth $786,000 after buying an additional 272 shares in the last quarter. Jump Financial LLC grew its stake in Crown Castle by 49.3% during the second quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust’s stock worth $1,121,000 after buying an additional 3,603 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in Crown Castle by 5.6% in the 2nd quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust’s stock valued at $509,000 after buying an additional 261 shares during the period. Institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CCI shares. BMO Capital Markets upped their price target on shares of Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Barclays lifted their price objective on shares of Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Jefferies Financial Group upped their target price on Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a research note on Tuesday, April 14th. Finally, HSBC reduced their target price on Crown Castle from $107.00 to $88.40 and set a “hold” rating on the stock in a report on Thursday, February 5th. Two equities research 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.52.

Crown Castle Trading Up 5.8%

NYSE:CCI opened at $93.79 on Friday. The stock’s 50-day moving average is $87.41 and its 200-day moving average is $87.61. Crown Castle Inc. has a 1-year low of $75.96 and a 1-year high of $115.76. The stock has a market cap of $40.94 billion, a P/E ratio of 38.76, a price-to-earnings-growth ratio of 0.45 and a beta of 0.93.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 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 business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.42 million. During the same period last year, the company earned $1.10 EPS. The firm’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. As a group, equities analysts forecast that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $1.0625 per share. The ex-dividend date is Monday, June 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.5%. Crown Castle’s dividend payout ratio is presently 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.