Crown Castle Inc. $CCI Stake Lowered by Tobam

Tobam decreased its stake in Crown Castle Inc. (NYSE:CCI) by 53.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,122 shares of the real estate investment trust’s stock after selling 9,442 shares during the period. Tobam’s holdings in Crown Castle were worth $722,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CCI. Choreo LLC increased its position in Crown Castle by 1.1% in 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 during the period. United Asset Strategies Inc. grew its position in shares of 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 acquiring an additional 120 shares during the last quarter. Consolidated Portfolio Review Corp grew its position in shares of 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 acquiring an additional 123 shares during the last quarter. Binnacle Investments Inc increased its holdings in shares of Crown Castle by 10.9% in the 3rd quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 127 shares during the period. Finally, Integrated Advisors Network LLC increased its holdings in shares of Crown Castle by 5.6% in the 3rd quarter. Integrated Advisors Network LLC now owns 2,489 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 132 shares during the period. Institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

CCI has been the subject of a number of analyst reports. Scotiabank reduced 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 note on Tuesday, April 7th. KeyCorp raised their price target 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. Raymond James Financial lifted their price target on Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a report on Thursday, April 23rd. Wolfe Research cut Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th. Finally, Truist Financial initiated coverage on Crown Castle in a research report on Tuesday, March 31st. They set a “hold” rating and a $90.00 price objective for the company. Two 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.com, Crown Castle presently has an average rating of “Moderate Buy” and an average price target of $98.52.

Crown Castle Stock Down 0.0%

Shares of NYSE CCI opened at $82.02 on Friday. The stock has a market cap of $35.80 billion, a P/E ratio of 33.89, a P/E/G ratio of 0.42 and a beta of 0.93. The firm’s 50-day simple moving average is $89.02 and its 200 day simple moving average is $87.55. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76.

Crown Castle (NYSE:CCI) last announced its 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 firm had revenue of $1.01 billion during 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%. Crown Castle’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, sell-side analysts anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

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

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.