Crown Castle Inc. $CCI Shares Acquired by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd lifted its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 11.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 57,225 shares of the real estate investment trust’s stock after acquiring an additional 5,655 shares during the period. Te Ahumairangi Investment Management Ltd’s holdings in Crown Castle were worth $5,086,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CCI. Aberdeen Group plc raised its stake in Crown Castle by 13.9% in the 4th quarter. Aberdeen Group plc now owns 1,052,667 shares of the real estate investment trust’s stock worth $93,551,000 after acquiring an additional 128,212 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Crown Castle by 9.9% in the fourth 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 purchasing an additional 60,497 shares during the period. Vinva Investment Management Ltd increased its holdings in shares of Crown Castle by 30.9% in the third quarter. Vinva Investment Management Ltd now owns 197,804 shares of the real estate investment trust’s stock valued at $19,027,000 after purchasing an additional 46,693 shares during the period. Skylands Capital LLC raised its stake in shares of Crown Castle by 6.2% in the fourth quarter. Skylands Capital LLC now owns 262,050 shares of the real estate investment trust’s stock worth $23,288,000 after purchasing an additional 15,300 shares during the last quarter. Finally, Channing Capital Management LLC purchased a new position in shares of Crown Castle in the third quarter worth about $4,923,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Trading Down 1.3%

Shares of NYSE:CCI opened at $92.13 on Friday. Crown Castle Inc. has a 12-month low of $75.96 and a 12-month high of $115.76. The business has a 50 day moving average of $88.80 and a two-hundred day moving average of $87.69. The company has a market capitalization of $40.21 billion, a PE ratio of 38.07, a PEG ratio of 0.47 and a beta of 0.93.

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

Crown Castle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is currently 175.62%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CCI. Sanford C. Bernstein assumed coverage on Crown Castle in a research report on Thursday, March 5th. They issued an “outperform” rating and a $102.00 target price on the stock. BMO Capital Markets raised their price target on shares of Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Scotiabank dropped their price objective on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 7th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $85.00 price objective (down from $90.00) on shares of Crown Castle in a research note on Monday, March 23rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a report on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.