Centersquare Investment Management LLC Buys 117,400 Shares of Crown Castle Inc. $CCI

Centersquare Investment Management LLC boosted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 63.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 301,350 shares of the real estate investment trust’s stock after purchasing an additional 117,400 shares during the period. Centersquare Investment Management LLC’s holdings in Crown Castle were worth $26,781,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCI. Wiser Advisor Group LLC bought a new stake in Crown Castle during the 3rd quarter valued at about $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Crown Castle in the 3rd quarter valued at about $31,000. Triumph Capital Management bought a new stake in shares of Crown Castle in the 3rd quarter valued at about $31,000. Salomon & Ludwin LLC raised its holdings in shares of Crown Castle by 128.7% in the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 215 shares in the last quarter. Finally, Aventura Private Wealth LLC bought a new stake in shares of Crown Castle in the 4th quarter valued at about $39,000. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Performance

NYSE:CCI opened at $92.13 on Friday. The firm has a market cap of $40.21 billion, a P/E ratio of 38.07, a P/E/G ratio of 0.47 and a beta of 0.93. The firm has a 50-day simple moving average of $88.80 and a 200-day simple moving average of $87.69. Crown Castle Inc. has a one year low of $75.96 and a one year high of $115.76.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, topping 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 net margin of 25.13% and a negative return on equity of 64.64%. Crown Castle’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, research analysts predict that Crown Castle Inc. will post 4.22 EPS for the current fiscal 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 paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, June 15th. Crown Castle’s payout ratio is 175.62%.

Analysts Set New Price Targets

Several research firms have recently commented on CCI. Scotiabank reduced their price target on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a report on Tuesday, April 7th. BMO Capital Markets boosted their price target on shares of Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, April 17th. KeyCorp boosted their price target on shares of Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Truist Financial began coverage on shares of Crown Castle in a report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 price target for the company. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.