Crown Castle Inc. $CCI Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 9.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,312,955 shares of the real estate investment trust’s stock after acquiring an additional 381,697 shares during the period. Crown Castle comprises about 1.2% of Daiwa Securities Group Inc.’s holdings, making the stock its 14th biggest holding. Daiwa Securities Group Inc. owned 0.99% of Crown Castle worth $383,293,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CCI. Wiser Advisor Group LLC purchased a new stake in shares of Crown Castle during the third quarter worth about $29,000. KERR FINANCIAL PLANNING Corp purchased a new position in Crown Castle in the 3rd quarter valued at about $31,000. Triumph Capital Management purchased a new position in Crown Castle in the 3rd quarter valued at about $31,000. Salomon & Ludwin LLC boosted its holdings in Crown Castle by 128.7% in the 4th 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 during the last quarter. Finally, Cornerstone Planning Group LLC increased its stake 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 buying an additional 278 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Price Performance

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

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, beating the consensus estimate of $0.47 by $0.55. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.42 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The business’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, research analysts expect that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, June 15th. Crown Castle’s payout ratio is currently 175.62%.

Analysts Set New Price Targets

A number of equities analysts have commented on CCI shares. Wolfe Research cut Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. dropped their price target on 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 Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. BMO Capital Markets raised their price objective on Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Finally, Truist Financial started coverage on shares of Crown Castle in a report on Tuesday, March 31st. They set a “hold” rating and a $90.00 target price for the company. Two investment 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 stock. Based on data from MarketBeat.com, Crown Castle currently has an average rating of “Moderate Buy” and an average target price of $98.52.

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.