Hsbc Holdings PLC Increases Stake in Crown Castle Inc. $CCI

Hsbc Holdings PLC raised its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,585,857 shares of the real estate investment trust’s stock after buying an additional 164,986 shares during the period. Hsbc Holdings PLC owned about 0.36% of Crown Castle worth $140,950,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wiser Advisor Group LLC purchased a new stake in shares of Crown Castle in the 3rd quarter worth $29,000. KERR FINANCIAL PLANNING Corp purchased a new position in Crown Castle during the third quarter valued at $31,000. Triumph Capital Management purchased a new position in Crown Castle during the third quarter valued at $31,000. Salomon & Ludwin LLC grew its holdings in Crown Castle by 128.7% during the fourth quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 215 shares during the period. Finally, MV Capital Management Inc. bought a new stake in Crown Castle during the fourth quarter valued at about $34,000. 90.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Scotiabank decreased their price objective on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 7th. BMO Capital Markets boosted their price objective on Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Raymond James Financial increased their target price on shares of Crown Castle from $102.00 to $108.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 23rd. Truist Financial assumed coverage on shares of Crown Castle in a research note on Tuesday, March 31st. They set a “hold” rating and a $90.00 target price on the stock. Finally, Jefferies Financial Group lifted their price target on shares of Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a report on Tuesday, April 14th. Two investment 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 data from MarketBeat, Crown Castle has a consensus rating of “Moderate Buy” and a consensus price target of $98.52.

Crown Castle Stock Down 0.0%

NYSE:CCI opened at $82.02 on Friday. The business’s 50-day simple moving average is $89.02 and its two-hundred day simple moving average is $87.55. Crown Castle Inc. has a 52 week low of $75.96 and a 52 week high of $115.76. The stock has a market cap of $35.80 billion, a PE ratio of 33.89, a P/E/G ratio of 0.42 and a beta of 0.93.

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 for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.41 million. During the same quarter in the prior year, the company posted $1.10 earnings per share. The business’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. Sell-side analysts anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 5.2%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio 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.