Crown Castle Inc. $CCI Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. grew its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 39.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 40,408 shares of the real estate investment trust’s stock after purchasing an additional 11,529 shares during the period. D.A. Davidson & CO.’s holdings in Crown Castle were worth $3,286,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CCI. United Asset Strategies Inc. raised its holdings in shares of Crown Castle by 2.5% in the 4th quarter. United Asset Strategies Inc. now owns 4,931 shares of the real estate investment trust’s stock worth $438,000 after purchasing an additional 120 shares in the last quarter. Binnacle Investments Inc lifted its stake in Crown Castle by 10.9% during the third quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 127 shares during the last quarter. Applied Capital LLC FL boosted its holdings in Crown Castle by 0.9% during the fourth quarter. Applied Capital LLC FL now owns 15,269 shares of the real estate investment trust’s stock worth $1,357,000 after buying an additional 132 shares in the last quarter. Hilton Head Capital Partners LLC boosted its holdings in Crown Castle by 55.6% during the first quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 134 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in Crown Castle by 10.2% during the first quarter. CENTRAL TRUST Co now owns 1,488 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 138 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CCI shares. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Barclays raised their price objective 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. Wells Fargo & Company restated an “equal weight” rating and issued a $85.00 target price (down from $90.00) on shares of Crown Castle in a report on Monday, March 23rd. Wolfe Research lowered Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group upped their target price on 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.52.

Crown Castle Price Performance

Crown Castle stock opened at $79.24 on Monday. The firm’s 50 day simple moving average is $85.66 and its 200-day simple moving average is $86.16. The company has a market cap of $34.59 billion, a P/E ratio of 32.75, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. Crown Castle Inc. has a fifty-two week low of $73.75 and a fifty-two week high of $115.76.

Crown Castle (NYSE:CCI) last released its quarterly earnings results 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 business 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 firm’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, analysts expect that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Monday, June 15th. Crown Castle’s payout ratio 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.