Barclays PLC Sells 101,721 Shares of Crown Castle Inc. $CCI

Barclays PLC decreased its position in Crown Castle Inc. (NYSE:CCI) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,249,553 shares of the real estate investment trust’s stock after selling 101,721 shares during the period. Barclays PLC’s holdings in Crown Castle were worth $111,048,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CCI. Norges Bank bought a new position in Crown Castle in the 4th quarter worth about $594,670,000. Cohen & Steers Inc. boosted its stake in Crown Castle by 11.0% in the 4th quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock worth $3,536,214,000 after purchasing an additional 3,953,685 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Crown Castle by 591.8% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,471,120 shares of the real estate investment trust’s stock worth $431,418,000 after purchasing an additional 3,824,778 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Crown Castle by 422.5% during the 4th quarter. Principal Financial Group Inc. now owns 3,581,154 shares of the real estate investment trust’s stock valued at $318,258,000 after acquiring an additional 2,895,756 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Crown Castle by 121.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 4,610,319 shares of the real estate investment trust’s stock valued at $409,719,000 after acquiring an additional 2,529,843 shares during the period. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Performance

NYSE:CCI opened at $88.59 on Tuesday. The stock has a 50-day simple moving average of $89.10 and a two-hundred day simple moving average of $87.71. Crown Castle Inc. has a 52-week low of $75.96 and a 52-week high of $115.76. The firm has a market capitalization of $38.66 billion, a PE ratio of 36.61, a P/E/G ratio of 0.47 and a beta of 0.93.

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 the consensus estimate 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 business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.42 million. During the same quarter in the previous year, the company posted $1.10 earnings per share. Crown Castle’s revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Equities analysts forecast that Crown Castle Inc. will post 4.22 earnings per share 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 given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is presently 175.62%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CCI shares. KeyCorp upped their target price on shares of Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Sanford C. Bernstein started coverage on shares of Crown Castle in a research note on Thursday, March 5th. They set an “outperform” rating and a $102.00 target price on the stock. Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Truist Financial started 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, Wolfe Research cut shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, May 20th. Two equities research 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.