Hantz Financial Services Inc. Grows Stake in Crown Castle Inc. $CCI

Hantz Financial Services Inc. grew its position in shares of Crown Castle Inc. (NYSE:CCI) by 48.7% in the fourth quarter, Holdings Channel reports. The firm owned 30,104 shares of the real estate investment trust’s stock after purchasing an additional 9,863 shares during the period. Hantz Financial Services Inc.’s holdings in Crown Castle were worth $2,675,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Choreo LLC grew its position in Crown Castle by 1.1% during the third quarter. Choreo LLC now owns 11,021 shares of the real estate investment trust’s stock worth $1,063,000 after buying an additional 120 shares in the last quarter. United Asset Strategies Inc. grew its position in Crown Castle by 2.5% during the fourth quarter. United Asset Strategies Inc. now owns 4,931 shares of the real estate investment trust’s stock worth $438,000 after buying an additional 120 shares in the last quarter. Consolidated Portfolio Review Corp grew its position in Crown Castle by 1.1% during the third quarter. Consolidated Portfolio Review Corp now owns 10,966 shares of the real estate investment trust’s stock worth $1,058,000 after buying an additional 123 shares in the last quarter. Binnacle Investments Inc grew its position 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 worth $125,000 after buying an additional 127 shares in the last quarter. Finally, Bank of Jackson Hole Trust grew its position in Crown Castle by 22.1% during the third quarter. Bank of Jackson Hole Trust now owns 713 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 129 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Trading Down 0.8%

CCI opened at $90.76 on Wednesday. The stock 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. The stock has a market capitalization of $39.61 billion, a P/E ratio of 37.50, a PEG ratio of 0.46 and a beta of 0.93.

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, topping analysts’ consensus estimates of $0.47 by $0.55. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.42 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, equities research analysts predict that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Dividend Announcement

The firm 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 $1.0625 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.7%. Crown Castle’s dividend payout ratio is 175.62%.

Insider Activity

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

Analyst Upgrades and Downgrades

CCI has been the subject of several recent analyst reports. HSBC cut their price objective on Crown Castle from $107.00 to $88.40 and set a “hold” rating for the company in a report on Thursday, February 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a report on Friday. Jefferies Financial Group boosted their price target on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a research note on Tuesday, April 14th. Zacks Research raised shares of Crown Castle from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, Truist Financial initiated coverage on shares of Crown Castle in a research note on Tuesday, March 31st. They issued a “hold” rating and a $90.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $98.52.

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.