Crown Castle Inc. $CCI Shares Sold by Crawford Investment Counsel Inc.

Crawford Investment Counsel Inc. lessened its stake in shares of Crown Castle Inc. (NYSE:CCI) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 229,686 shares of the real estate investment trust’s stock after selling 11,098 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in Crown Castle were worth $20,412,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CCI. Wiser Advisor Group LLC acquired a new position in shares of Crown Castle during the third quarter worth about $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Crown Castle during the third quarter worth about $31,000. Triumph Capital Management acquired a new position in shares of Crown Castle during the third quarter worth about $31,000. Salomon & Ludwin LLC increased its position 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 worth $34,000 after acquiring an additional 215 shares during the last quarter. Finally, Aventura Private Wealth LLC purchased a new stake in shares of Crown Castle during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Down 0.7%

Shares of Crown Castle stock opened at $88.13 on Wednesday. The firm has a market cap of $38.46 billion, a P/E ratio of 36.42, a P/E/G ratio of 0.45 and a beta of 0.93. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76. The business has a 50-day moving average price of $89.16 and a 200 day moving average price of $87.69.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.55. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.42 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.Crown Castle’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, equities research analysts anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Monday, June 15th. Crown Castle’s payout ratio is currently 175.62%.

Analyst Ratings Changes

A number of analysts have recently issued reports on CCI shares. Jefferies Financial Group lifted their target price on Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a research report on Tuesday, April 14th. 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 report on Monday, March 23rd. Zacks Research raised Crown Castle from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Scotiabank dropped their target price on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 7th. Finally, KeyCorp lifted their target price on Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $98.52.

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.