Crown Castle Inc. $CCI Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC raised its position in Crown Castle Inc. (NYSE:CCI) by 1.0% in the 4th quarter, Holdings Channel reports. The fund owned 5,506,580 shares of the real estate investment trust’s stock after acquiring an additional 54,078 shares during the period. Fisher Asset Management LLC’s holdings in Crown Castle were worth $489,370,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Churchill Financial Advisors LLC acquired a new stake in shares of Crown Castle in the 4th quarter worth $561,000. Legal & General Group Plc lifted its stake in shares of Crown Castle by 7.2% in the 4th quarter. Legal & General Group Plc now owns 6,025,433 shares of the real estate investment trust’s stock worth $535,480,000 after acquiring an additional 403,943 shares during the period. Morningstar Investment Management LLC lifted its stake in shares of Crown Castle by 15.2% in the 4th quarter. Morningstar Investment Management LLC now owns 49,458 shares of the real estate investment trust’s stock worth $4,395,000 after acquiring an additional 6,521 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Crown Castle by 48.7% in the 4th quarter. Hantz Financial Services Inc. now owns 30,104 shares of the real estate investment trust’s stock worth $2,675,000 after acquiring an additional 9,863 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Crown Castle in the 4th quarter worth $505,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Down 0.0%

Shares of NYSE CCI opened at $91.42 on Monday. Crown Castle Inc. has a 52 week low of $75.96 and a 52 week high of $115.76. The firm has a 50-day moving average price of $86.24 and a 200 day moving average price of $87.61. The stock has a market capitalization of $39.90 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 0.46 and a beta of 0.93.

Crown Castle (NYSE:CCI) last announced 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. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.42 million. During the same quarter last year, the business earned $1.10 earnings per share. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Equities research analysts expect that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is 175.62%.

Insider Activity

In other Crown Castle news, EVP Edward B. Adams, Jr. sold 4,650 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $86.34, for a total transaction of $401,481.00. Following the completion of the transaction, the executive vice president directly owned 25,183 shares in the company, valued at approximately $2,174,300.22. This trade represents a 15.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert Sean Collins sold 3,000 shares of the firm’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 transaction, the vice president owned 5,800 shares of the company’s stock, valued at $507,442. This trade represents a 34.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

CCI has been the subject of several recent 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. UBS Group reduced their target price on shares of Crown Castle from $116.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Citigroup reduced their price objective on shares of Crown Castle from $110.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Sanford C. Bernstein initiated coverage on shares of Crown Castle in a research note on Thursday, March 5th. They issued an “outperform” rating and a $102.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Crown Castle from $110.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.52.

Crown Castle Company 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.