Crown Castle Inc. $CCI Stock Position Increased by Capital International Investors

Capital International Investors lifted its position in Crown Castle Inc. (NYSE:CCI) by 3.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 809,166 shares of the real estate investment trust’s stock after buying an additional 27,070 shares during the period. Capital International Investors owned approximately 0.19% of Crown Castle worth $71,911,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CCI. Norges Bank acquired a new position in shares of Crown Castle in the 4th quarter worth $594,670,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Crown Castle by 591.8% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,471,120 shares of the real estate investment trust’s stock worth $431,418,000 after acquiring an additional 3,824,778 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Crown Castle by 422.5% in the 4th quarter. Principal Financial Group Inc. now owns 3,581,154 shares of the real estate investment trust’s stock worth $318,258,000 after acquiring an additional 2,895,756 shares during the last quarter. Invesco Ltd. increased its stake in Crown Castle by 33.2% in the 3rd quarter. Invesco Ltd. now owns 6,437,685 shares of the real estate investment trust’s stock worth $621,172,000 after purchasing an additional 1,605,291 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd purchased a new position in Crown Castle in the 3rd quarter worth about $121,726,000. Institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

CCI has been the topic of a number of analyst reports. Zacks Research raised Crown Castle from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Sanford C. Bernstein initiated coverage on Crown Castle in a research note on Thursday, March 5th. They issued an “outperform” rating and a $102.00 price target on the stock. KeyCorp lifted their price target on Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Barclays lifted their price target on Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Wolfe Research cut Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Crown Castle presently has an average rating of “Moderate Buy” and an average price target of $98.52.

Crown Castle Stock Down 2.8%

Shares of Crown Castle stock opened at $91.82 on Tuesday. The stock has a market cap of $40.08 billion, a PE ratio of 37.94, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93. The business has a fifty day simple moving average of $88.03 and a 200-day simple moving average of $87.64. Crown Castle Inc. has a 12 month low of $75.96 and a 12 month high of $115.76.

Crown Castle (NYSE:CCI) last issued 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. The business 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%.Crown Castle’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Analysts expect that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is 175.62%.

About Crown Castle

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.