Equitable Holdings Inc. Makes New Investment in Crown Castle Inc. $CCI

Equitable Holdings Inc. acquired a new position in shares of Crown Castle Inc. (NYSE:CCI) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,368 shares of the real estate investment trust’s stock, valued at approximately $558,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jefferies Financial Group Inc. bought a new position in shares of Crown Castle during the second quarter worth approximately $1,378,000. Public Employees Retirement System of Ohio bought a new stake in Crown Castle in the 2nd quarter valued at $9,421,000. MASTERINVEST Kapitalanlage GmbH acquired a new position in Crown Castle in the 2nd quarter valued at $646,000. Proficio Capital Partners LLC acquired a new position in Crown Castle in the 2nd quarter valued at $494,000. Finally, Corient Private Wealth LP bought a new position in Crown Castle during the 2nd quarter worth $8,227,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Activity at Crown Castle

In other news, VP Robert Sean Collins sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $75.89, for a total transaction of $113,835.00. Following the completion of the sale, the vice president owned 5,113 shares of the company’s stock, valued at approximately $388,025.57. This represents a 22.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CCI shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a report on Wednesday, August 19th. BMO Capital Markets lowered their price target on shares of Crown Castle from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Truist Financial dropped their price objective on shares of Crown Castle from $95.00 to $87.00 and set a “hold” rating for the company in a research note on Tuesday, July 28th. Barclays boosted their price objective on shares of Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Finally, Wolfe Research lowered shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.13.

Crown Castle Stock Performance

CCI opened at $76.09 on Friday. Crown Castle Inc. has a 52-week low of $69.72 and a 52-week high of $100.50. The firm has a market cap of $32.37 billion, a P/E ratio of 38.62, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. The business’s fifty day moving average is $76.91 and its 200-day moving average is $83.86.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.17). Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.05 million. During the same period last year, the firm earned $0.67 EPS. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. On average, research analysts predict that Crown Castle Inc. will post 4.39 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $1.0625 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $4.25 annualized dividend and a dividend yield of 5.6%. Crown Castle’s payout ratio is presently 215.74%.

About Crown Castle

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.