Crown Castle Inc. $CCI Shares Acquired by Entropy Technologies LP

Entropy Technologies LP grew its holdings in Crown Castle Inc. (NYSE:CCI) by 264.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,247 shares of the real estate investment trust’s stock after buying an additional 45,159 shares during the period. Entropy Technologies LP’s holdings in Crown Castle were worth $5,532,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Wiser Advisor Group LLC acquired a new stake in shares of Crown Castle in the third quarter valued at about $29,000. Triumph Capital Management acquired a new stake in shares of Crown Castle in the third quarter valued at about $31,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Crown Castle in the third quarter valued at about $31,000. Salomon & Ludwin LLC grew its holdings in shares of Crown Castle by 128.7% in the fourth 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 during the period. Finally, Aventura Private Wealth LLC purchased a new stake in shares of Crown Castle in the fourth quarter valued at about $39,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Price Performance

Shares of CCI stock opened at $92.02 on Friday. The firm has a market cap of $40.16 billion, a PE ratio of 38.03, a price-to-earnings-growth ratio of 0.47 and a beta of 0.93. The company has a 50-day moving average of $89.02 and a two-hundred day moving average of $87.72. Crown Castle Inc. has a 1-year low of $75.96 and a 1-year high of $115.76.

Crown Castle (NYSE:CCI) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.55. The company 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Sell-side analysts anticipate that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 yield of 4.6%. The ex-dividend date of this dividend is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is 175.62%.

Analysts Set New Price Targets

CCI has been the subject of a number of analyst reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $85.00 price objective (down from $90.00) on shares of Crown Castle in a report on Monday, March 23rd. KeyCorp upped their price objective 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 initiated coverage on shares of Crown Castle in a report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 price objective for the company. Scotiabank dropped their price objective 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. Finally, Zacks Research raised shares of Crown Castle from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Two 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.