Crown Castle Inc. $CCI Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its holdings in Crown Castle Inc. (NYSE:CCI) by 12.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 217,613 shares of the real estate investment trust’s stock after selling 31,644 shares during the quarter. Pacer Advisors Inc.’s holdings in Crown Castle were worth $19,339,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Wiser Advisor Group LLC bought a new stake in shares of Crown Castle during the 3rd quarter worth $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Crown Castle during the third quarter worth $31,000. Triumph Capital Management acquired a new stake in shares of Crown Castle during the third quarter worth $31,000. Salomon & Ludwin LLC lifted its holdings in shares of Crown Castle by 128.7% during the fourth quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 215 shares during the last quarter. Finally, MV Capital Management Inc. purchased a new stake in shares of Crown Castle during the fourth quarter valued at $34,000. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Down 0.0%

CCI opened at $82.02 on Friday. The stock has a fifty day moving average of $89.02 and a 200-day moving average of $87.55. The firm has a market capitalization of $35.80 billion, a P/E ratio of 33.89, a PEG ratio of 0.42 and a beta of 0.93. 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 results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share 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 the consensus estimate of $995.41 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.Crown Castle’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $1.0625 per share. The ex-dividend date is Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a yield of 5.2%. Crown Castle’s dividend payout ratio (DPR) is presently 175.62%.

Wall Street Analyst Weigh In

CCI has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a report on Friday, May 22nd. Scotiabank reduced 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. Wolfe Research cut shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th. Finally, BMO Capital Markets lifted their target price on shares of Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. 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. Based on data from MarketBeat.com, the company currently has a consensus 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.