The Manufacturers Life Insurance Company Has $220.80 Million Stock Holdings in Crown Castle Inc. $CCI

The Manufacturers Life Insurance Company lowered its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 34.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,915,656 shares of the real estate investment trust’s stock after selling 1,532,742 shares during the period. The Manufacturers Life Insurance Company’s holdings in Crown Castle were worth $220,803,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Binnacle Investments Inc increased its stake in shares of Crown Castle by 10.9% in the third quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 127 shares during the period. Front Row Advisors LLC lifted its position in shares of Crown Castle by 1.4% in the 1st quarter. Front Row Advisors LLC now owns 9,305 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 130 shares during the period. Hilton Head Capital Partners LLC lifted its position in shares of Crown Castle by 55.6% in the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 134 shares during the period. CENTRAL TRUST Co increased its position in shares of Crown Castle by 10.2% during the first quarter. CENTRAL TRUST Co now owns 1,488 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 138 shares during the period. Finally, Principal Securities Inc. raised its stake in Crown Castle by 3.9% during the fourth quarter. Principal Securities Inc. now owns 3,754 shares of the real estate investment trust’s stock worth $334,000 after buying an additional 142 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Price Performance

CCI opened at $73.67 on Friday. Crown Castle Inc. has a one year low of $69.72 and a one year high of $100.50. The firm has a market capitalization of $31.34 billion, a P/E ratio of 37.39, a price-to-earnings-growth ratio of 0.67 and a beta of 0.95. The company has a fifty day moving average price of $76.15 and a 200-day moving average price of $83.07.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.17). Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.05 million. During the same period in the prior year, the business posted $0.67 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 4.530-4.650 EPS. On average, analysts expect that Crown Castle Inc. will post 4.39 earnings per share for the current year.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, September 15th. Crown Castle’s payout ratio is 215.74%.

Insider Buying and Selling at Crown Castle

In related news, VP Robert Collins sold 1,500 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $113,835.00. Following the completion of the sale, the vice president directly owned 5,113 shares in the company, valued at $388,025.57. This represents a 22.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CCI shares. Citigroup reissued a “market outperform” rating on shares of Crown Castle in a research report on Friday, July 24th. JPMorgan Chase & Co. reduced their price objective on Crown Castle from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Citizens Jmp decreased their price objective on Crown Castle from $125.00 to $120.00 and set a “market outperform” rating for the company in a report on Friday, July 24th. BMO Capital Markets reduced their price target on shares of Crown Castle from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Finally, Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.13.

Crown Castle Company Profile

Crown Castle Inc (NYSE: CCI) is a communications infrastructure company that owns, operates and leases shared wireless infrastructure in the United States. Its assets support wireless carriers, broadcasters, government agencies and other communications providers by enabling the transmission of voice, data and video services.

The company’s primary infrastructure includes cell towers and other tower sites that host antennas and related equipment. Crown Castle has also developed and operated fiber networks and small-cell systems, which help wireless providers expand network capacity and coverage in densely populated areas and along high-traffic corridors.

Founded in 1994 and headquartered in Houston, Texas, Crown Castle has historically served customers across major U.S.