86,394 Shares in Crown Castle Inc. $CCI Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new position in shares of Crown Castle Inc. (NYSE:CCI) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 86,394 shares of the real estate investment trust’s stock, valued at approximately $6,543,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCI. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Crown Castle by 9.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 672,933 shares of the real estate investment trust’s stock valued at $60,086,000 after buying an additional 60,497 shares during the period. Cooke & Bieler LP grew its holdings in Crown Castle by 21.2% during the fourth quarter. Cooke & Bieler LP now owns 2,930,797 shares of the real estate investment trust’s stock worth $260,460,000 after acquiring an additional 511,763 shares during the period. Legal & General Group Plc grew its holdings in Crown Castle by 7.2% during the fourth 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. Skylands Capital LLC raised its position in Crown Castle by 6.2% during the fourth quarter. Skylands Capital LLC now owns 262,050 shares of the real estate investment trust’s stock valued at $23,288,000 after acquiring an additional 15,300 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in Crown Castle by 1.0% during the fourth quarter. Fisher Asset Management LLC now owns 5,506,580 shares of the real estate investment trust’s stock valued at $489,370,000 after acquiring an additional 54,078 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Stock Up 0.9%

Shares of Crown Castle stock opened at $74.66 on Thursday. Crown Castle Inc. has a twelve month low of $69.72 and a twelve month high of $104.61. The business has a 50-day moving average price of $78.52 and a 200 day moving average price of $84.25. The firm has a market cap of $31.77 billion, a PE ratio of 37.90, a P/E/G ratio of 0.39 and a beta of 0.95.

Crown Castle (NYSE:CCI) last released its quarterly earnings results 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). The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.05 million. Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 EPS. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. On average, sell-side analysts expect that Crown Castle Inc. will post 4.39 EPS for the current year.

Crown Castle Announces Dividend

The firm 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 dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Crown Castle’s dividend payout ratio is presently 215.74%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. TD Cowen decreased their price target on Crown Castle from $94.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crown Castle in a report on Friday, May 22nd. JPMorgan Chase & Co. decreased their target price on shares of Crown Castle from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Finally, Citizens Jmp lowered their price target on shares of Crown Castle from $125.00 to $120.00 and set a “market outperform” rating on the stock in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.13.

Insider Buying and Selling at Crown Castle

In other news, VP Robert Sean Collins sold 1,500 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $113,835.00. Following the transaction, the vice president owned 5,113 shares in the company, valued at $388,025.57. This trade represents a 22.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by insiders.

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.