Capital International Inc. CA Buys Shares of 18,035 Crown Castle Inc. $CCI

Capital International Inc. CA bought a new stake in shares of Crown Castle Inc. (NYSE:CCI) in the 4th quarter, HoldingsChannel reports. The fund bought 18,035 shares of the real estate investment trust’s stock, valued at approximately $1,603,000.

Other institutional investors have also modified their holdings of the company. Wiser Advisor Group LLC bought a new position in shares of Crown Castle during the third quarter worth about $29,000. Triumph Capital Management bought a new position in Crown Castle in the 3rd quarter valued at about $31,000. KERR FINANCIAL PLANNING Corp bought a new position in Crown Castle in the 3rd quarter valued at about $31,000. Salomon & Ludwin LLC grew its position 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 valued at $34,000 after buying an additional 215 shares in the last quarter. Finally, Aventura Private Wealth LLC bought a new position in shares of Crown Castle during the 4th quarter valued at about $39,000. Institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CCI. Zacks Research upgraded shares of Crown Castle from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Barclays increased their price target 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. Scotiabank reduced their price target on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 7th. Finally, Truist Financial began coverage on shares of Crown Castle in a research report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 price target for the company. Two 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, Crown Castle has an average rating of “Moderate Buy” and a consensus price target of $98.52.

Crown Castle Stock Down 2.8%

NYSE:CCI opened at $91.82 on Tuesday. Crown Castle Inc. has a 12 month low of $75.96 and a 12 month high of $115.76. The firm has a market cap of $40.08 billion, a price-to-earnings ratio of 37.94, a P/E/G ratio of 0.48 and a beta of 0.93. The company’s 50 day moving average is $88.03 and its 200-day moving average is $87.64.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.42 million. During the same quarter last year, the firm posted $1.10 earnings per share. The company’s quarterly 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. Research analysts predict that Crown Castle Inc. will post 4.22 EPS for the current fiscal 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 paid a $1.0625 dividend. The ex-dividend date is Monday, June 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.6%. Crown Castle’s dividend payout ratio (DPR) is presently 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.