Crown Castle Inc. $CCI Shares Sold by Man Group plc

Man Group plc cut its stake in Crown Castle Inc. (NYSE:CCI) by 13.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,381,297 shares of the real estate investment trust’s stock after selling 220,203 shares during the period. Man Group plc’s holdings in Crown Castle were worth $122,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in CCI. Infrastructure Capital Advisors LLC increased its holdings in shares of Crown Castle by 5.7% during the fourth quarter. Infrastructure Capital Advisors LLC now owns 7,854 shares of the real estate investment trust’s stock valued at $698,000 after purchasing an additional 426 shares during the period. Investment Management Corp of Ontario increased its holdings in shares of Crown Castle by 5.7% during the fourth quarter. Investment Management Corp of Ontario now owns 73,480 shares of the real estate investment trust’s stock valued at $6,530,000 after purchasing an additional 3,943 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Crown Castle by 1.6% during the fourth quarter. Janus Henderson Group PLC now owns 54,575 shares of the real estate investment trust’s stock valued at $4,850,000 after purchasing an additional 865 shares during the period. Gotham Asset Management LLC increased its holdings in shares of Crown Castle by 34.4% during the fourth quarter. Gotham Asset Management LLC now owns 130,225 shares of the real estate investment trust’s stock valued at $11,573,000 after purchasing an additional 33,324 shares during the period. Finally, Caption Management LLC increased its holdings in shares of Crown Castle by 101.9% during the fourth quarter. Caption Management LLC now owns 1,700 shares of the real estate investment trust’s stock valued at $151,000 after purchasing an additional 92,400 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company reissued an “equal weight” rating and set a $85.00 price target (down from $90.00) on shares of Crown Castle in a report on Monday, March 23rd. KeyCorp raised their price target on Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crown Castle in a report on Friday, May 22nd. Raymond James Financial lifted their target price on Crown Castle from $102.00 to $108.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 23rd. Finally, Barclays lifted their target price on Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.52.

Crown Castle Trading Down 2.6%

Shares of CCI opened at $85.84 on Thursday. The business’s 50-day moving average price is $89.15 and its 200 day moving average price is $87.66. The stock has a market capitalization of $37.47 billion, a P/E ratio of 35.47, a P/E/G ratio of 0.45 and a beta of 0.93. Crown Castle Inc. has a 1-year low of $75.96 and a 1-year high of $115.76.

Crown Castle (NYSE:CCI) last issued its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.42 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.Crown Castle’s revenue was down 4.9% on a year-over-year basis. During the same quarter last 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 earnings per share for the current year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $1.0625 per share. The ex-dividend date is Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a yield of 5.0%. Crown Castle’s dividend payout ratio (DPR) is presently 175.62%.

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.