Crown Castle Inc. $CCI Shares Sold by Strs Ohio

Strs Ohio lowered its stake in shares of Crown Castle Inc. (NYSE:CCI) by 5.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 276,393 shares of the real estate investment trust’s stock after selling 16,482 shares during the quarter. Strs Ohio’s holdings in Crown Castle were worth $24,563,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. LRI Investments LLC bought a new position in Crown Castle during the third quarter worth $29,000. Wiser Advisor Group LLC bought a new position in Crown Castle during the third quarter worth $29,000. KERR FINANCIAL PLANNING Corp bought a new position in Crown Castle during the third quarter worth $31,000. Triumph Capital Management bought a new position in Crown Castle during the third quarter worth $31,000. Finally, Salomon & Ludwin LLC lifted its stake in Crown Castle by 128.7% during the fourth quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 215 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Performance

CCI stock opened at $89.38 on Friday. The stock has a market capitalization of $39.00 billion, a price-to-earnings ratio of 36.93, a PEG 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. The stock’s fifty day moving average is $85.81 and its two-hundred day moving average is $88.22.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.55. The company 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%.The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the business posted $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, analysts predict 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 was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Friday, March 13th. Crown Castle’s dividend payout ratio (DPR) is presently 175.62%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CCI shares. Wolfe Research reduced their price objective on Crown Castle from $114.00 to $94.00 and set an “outperform” rating on the stock in a research note on Monday, April 6th. BMO Capital Markets raised their price objective on Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. The Goldman Sachs Group reduced their price objective on Crown Castle from $105.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. KeyCorp raised their price objective on Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Finally, Citigroup reduced their price objective on Crown Castle from $110.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $99.34.

Insiders Place Their Bets

In other Crown Castle news, EVP Edward B. Adams, Jr. sold 4,650 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total value of $401,481.00. Following the sale, the executive vice president directly owned 25,183 shares in the company, valued at approximately $2,174,300.22. This trade represents a 15.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Robert Sean Collins sold 3,000 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $87.49, for a total value of $262,470.00. Following the completion of the sale, the vice president owned 5,800 shares in the company, valued at $507,442. The trade was a 34.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.09% of the company’s stock.

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.