Dimensional Fund Advisors LP Has $514.32 Million Stock Position in Crown Castle Inc. $CCI

Dimensional Fund Advisors LP increased its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 2.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,325,747 shares of the real estate investment trust’s stock after buying an additional 144,538 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Crown Castle were worth $514,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Wiser Advisor Group LLC bought a new position in Crown Castle in the third quarter valued at about $29,000. Triumph Capital Management acquired a new position in Crown Castle during the third quarter worth about $31,000. Hilton Head Capital Partners LLC lifted its holdings in shares of Crown Castle by 55.6% in the first quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 134 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of Crown Castle in the first quarter worth about $32,000. Finally, Salomon & Ludwin LLC boosted its stake 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. 90.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CCI has been the topic of several research reports. Truist Financial began coverage on shares of Crown Castle in a report on Tuesday, March 31st. They set a “hold” rating and a $90.00 price target on the stock. Barclays increased their price objective on shares of Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. KeyCorp boosted their target price on shares of Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group upped their price target on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Crown Castle currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.52.

Crown Castle Trading Down 1.5%

Shares of CCI stock opened at $78.02 on Tuesday. The firm has a market capitalization of $34.05 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 0.40 and a beta of 0.95. The business’s 50-day moving average price is $85.41 and its 200-day moving average price is $86.08. Crown Castle Inc. has a 12 month low of $73.75 and a 12 month high of $115.76.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.55. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.41 million. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The firm’s revenue was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, sell-side analysts predict that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Monday, June 15th. Crown Castle’s payout ratio 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.