Daiwa Securities Group Inc. Boosts Holdings in Crown Castle Inc. $CCI

Daiwa Securities Group Inc. lifted its position in shares of Crown Castle Inc. (NYSE:CCI) by 9.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,312,955 shares of the real estate investment trust’s stock after buying an additional 381,697 shares during the period. Crown Castle makes up approximately 1.2% of Daiwa Securities Group Inc.’s portfolio, making the stock its 14th largest position. Daiwa Securities Group Inc.’s holdings in Crown Castle were worth $383,293,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. TD Asset Management Inc raised its position in Crown Castle by 1.1% in the fourth quarter. TD Asset Management Inc now owns 169,540 shares of the real estate investment trust’s stock valued at $15,067,000 after purchasing an additional 1,813 shares during the period. Cibc World Market Inc. grew its holdings in shares of Crown Castle by 18.4% during the 4th quarter. Cibc World Market Inc. now owns 294,286 shares of the real estate investment trust’s stock worth $26,153,000 after purchasing an additional 45,641 shares during the period. Lido Advisors LLC increased its position in shares of Crown Castle by 3.9% during the 4th quarter. Lido Advisors LLC now owns 7,615 shares of the real estate investment trust’s stock worth $725,000 after purchasing an additional 285 shares during the last quarter. REAP Financial Group LLC increased its position in shares of Crown Castle by 102.1% during the 4th quarter. REAP Financial Group LLC now owns 786 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 397 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in Crown Castle by 69.2% in the 4th quarter. CIBC Asset Management Inc now owns 102,758 shares of the real estate investment trust’s stock valued at $9,132,000 after buying an additional 42,009 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CCI. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $85.00 target price (down from $90.00) on shares of Crown Castle in a research note on Monday, March 23rd. HSBC reduced their price target on shares of Crown Castle from $107.00 to $88.40 and set a “hold” rating on the stock in a research note on Thursday, February 5th. Jefferies Financial Group increased their price objective on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a research report on Tuesday, April 14th. JPMorgan Chase & Co. dropped their target price on shares of Crown Castle from $110.00 to $95.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Finally, Truist Financial assumed coverage on Crown Castle in a research report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $98.52.

Crown Castle Price Performance

NYSE CCI opened at $93.79 on Friday. The company has a market cap of $40.94 billion, a P/E ratio of 38.76, a P/E/G ratio of 0.45 and a beta of 0.93. The stock has a 50-day moving average of $87.41 and a two-hundred day moving average of $87.61. Crown Castle Inc. has a 1-year low of $75.96 and a 1-year 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 (EPS) for the quarter, topping 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 business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.42 million. During the same quarter in the prior year, the company earned $1.10 earnings per share. The business’s quarterly revenue was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, analysts anticipate that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Dividend Announcement

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. The ex-dividend date is Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a yield of 4.5%. Crown Castle’s dividend payout ratio is 175.62%.

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.