Global Retirement Partners LLC Grows Stake in Crown Castle Inc. $CCI

Global Retirement Partners LLC grew its position in shares of Crown Castle Inc. (NYSE:CCI) by 216.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,744 shares of the real estate investment trust’s stock after purchasing an additional 5,977 shares during the period. Global Retirement Partners LLC’s holdings in Crown Castle were worth $777,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wiser Advisor Group LLC purchased a new position in shares of Crown Castle during the 3rd quarter valued at $29,000. LRI Investments LLC purchased a new position in shares of Crown Castle during the 3rd quarter valued at $29,000. Triumph Capital Management purchased a new position in shares of Crown Castle during the 3rd quarter valued at $31,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Crown Castle during the 3rd quarter valued at $31,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Crown Castle by 269.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 381 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 278 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Zacks Research upgraded shares of Crown Castle from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Wolfe Research lowered shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Crown Castle in a research report on Friday. Finally, Scotiabank cut their target price 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 assigned a Hold rating to the company’s stock. According to MarketBeat, Crown Castle has a consensus rating of “Moderate Buy” and an average price target of $98.52.

Crown Castle Trading Down 0.8%

Shares of NYSE:CCI opened at $90.76 on Wednesday. The company has a market cap of $39.61 billion, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 0.46 and a beta of 0.93. The company has a 50-day moving average price of $86.41 and a 200-day moving average price of $87.63. 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 quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, beating the consensus estimate of $0.47 by $0.55. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.42 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, research analysts forecast that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, June 15th. Crown Castle’s dividend payout ratio is 175.62%.

Insider Activity at Crown Castle

In other news, VP Robert Sean Collins sold 3,000 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $87.49, for a total transaction of $262,470.00. Following the completion of the transaction, the vice president directly owned 5,800 shares of the company’s stock, valued at approximately $507,442. This represents a 34.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

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.