Aigen Investment Management LP Grows Stock Holdings in Crown Castle Inc. $CCI

Aigen Investment Management LP increased its position in shares of Crown Castle Inc. (NYSE:CCI) by 28.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,442 shares of the real estate investment trust’s stock after buying an additional 6,227 shares during the quarter. Aigen Investment Management LP’s holdings in Crown Castle were worth $2,528,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CCI. Norges Bank purchased a new stake in Crown Castle during the fourth quarter worth $594,670,000. Cohen & Steers Inc. boosted its holdings in Crown Castle by 11.0% during the fourth quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock worth $3,536,214,000 after buying an additional 3,953,685 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Crown Castle by 591.8% during the third 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 buying an additional 3,824,778 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Crown Castle by 422.5% during the fourth quarter. Principal Financial Group Inc. now owns 3,581,154 shares of the real estate investment trust’s stock worth $318,258,000 after buying an additional 2,895,756 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Crown Castle by 121.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 4,610,319 shares of the real estate investment trust’s stock worth $409,719,000 after buying an additional 2,529,843 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CCI shares. Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Barclays upped their price objective 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. Wells Fargo & Company restated an “equal weight” rating and set a $85.00 price objective (down from $90.00) on shares of Crown Castle in a research report on Monday, March 23rd. Jefferies Financial Group upped their price objective on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a research report on Tuesday, April 14th. Finally, Scotiabank reduced their price objective 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. Two equities 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $98.52.

Crown Castle Stock Down 0.0%

Shares of NYSE CCI opened at $92.02 on Friday. The firm has a 50-day simple moving average of $89.02 and a 200-day simple moving average of $87.72. The stock has a market capitalization of $40.16 billion, a price-to-earnings ratio of 38.03, a price-to-earnings-growth ratio of 0.47 and a beta of 0.93. Crown Castle Inc. has a 52 week low of $75.96 and a 52 week high of $115.76.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (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 firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.42 million. During the same period last year, the business earned $1.10 earnings per share. Crown Castle’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 research analysts expect that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Dividend Announcement

The company also recently disclosed 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. This represents a $4.25 annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) 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.