Crown Castle Inc. $CCI Shares Acquired by Candriam S.C.A.

Candriam S.C.A. increased its position in Crown Castle Inc. (NYSE:CCI) by 26.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,595 shares of the real estate investment trust’s stock after buying an additional 12,226 shares during the quarter. Candriam S.C.A.’s holdings in Crown Castle were worth $4,764,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in shares of Crown Castle by 7.5% during the 1st quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust’s stock worth $1,714,000 after purchasing an additional 1,150 shares during the period. First Trust Advisors LP raised its holdings in Crown Castle by 6.9% in the second quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust’s stock valued at $9,000,000 after buying an additional 5,630 shares during the period. Baird Financial Group Inc. raised its holdings in Crown Castle by 3.7% in the second quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust’s stock valued at $786,000 after buying an additional 272 shares during the period. Jump Financial LLC lifted its position in Crown Castle by 49.3% during the second quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust’s stock valued at $1,121,000 after buying an additional 3,603 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in Crown Castle by 5.6% during the second quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust’s stock valued at $509,000 after buying an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Up 0.2%

Shares of NYSE:CCI opened at $79.82 on Tuesday. Crown Castle Inc. has a 52-week low of $73.75 and a 52-week high of $115.76. The company has a 50 day moving average of $86.55 and a two-hundred day moving average of $86.41. The company has a market capitalization of $34.84 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.55. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.41 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. 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. On average, equities analysts anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $1.0625 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.25 annualized dividend and a yield of 5.3%. Crown Castle’s payout ratio is 175.62%.

Analyst Ratings Changes

Several research firms have issued reports on CCI. Scotiabank decreased 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 note on Tuesday, April 7th. Truist Financial assumed coverage on shares of Crown Castle in a report on Tuesday, March 31st. They set a “hold” rating and a $90.00 target price on the stock. Barclays upped 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. Jefferies Financial Group increased their price target on Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a report on Tuesday, April 14th. Finally, KeyCorp increased their price target on Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.52.

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.