Ironwood Investment Counsel LLC Acquires 9,165 Shares of Crown Castle Inc. $CCI

Ironwood Investment Counsel LLC increased its holdings in Crown Castle Inc. (NYSE:CCI) by 34.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 35,521 shares of the real estate investment trust’s stock after buying an additional 9,165 shares during the period. Ironwood Investment Counsel LLC’s holdings in Crown Castle were worth $3,157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of CCI. Empowered Funds LLC grew its holdings in shares of Crown Castle by 7.5% in the first quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust’s stock valued at $1,714,000 after acquiring an additional 1,150 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Crown Castle by 6.9% in the second quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust’s stock valued at $9,000,000 after acquiring an additional 5,630 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Crown Castle by 3.7% in the second quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust’s stock valued at $786,000 after acquiring an additional 272 shares in the last quarter. Jump Financial LLC grew its holdings in shares of Crown Castle by 49.3% in the second quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust’s stock valued at $1,121,000 after acquiring an additional 3,603 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Crown Castle by 5.6% in the second quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust’s stock valued at $509,000 after acquiring an additional 261 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other 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 completion of the transaction, the executive vice president directly owned 25,183 shares of the company’s stock, valued at $2,174,300.22. This trade represents a 15.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert Sean Collins sold 3,000 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $87.49, for a total value of $262,470.00. Following the completion of the transaction, the vice president directly owned 5,800 shares of the company’s stock, valued at $507,442. The trade was a 34.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.09% of the stock is owned by company insiders.

Crown Castle Stock Performance

Shares of CCI opened at $86.67 on Monday. The business has a 50-day moving average of $86.00 and a 200 day moving average of $87.61. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76. The firm has a market cap of $37.83 billion, a P/E ratio of 35.81, a price-to-earnings-growth ratio of 0.44 and a beta of 0.93.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping 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 analyst estimates of $995.42 million. During the same quarter last year, the firm posted $1.10 EPS. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, research analysts predict that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, March 13th. Crown Castle’s dividend payout ratio (DPR) is presently 175.62%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CCI. Weiss Ratings raised Crown Castle from a “sell (d)” rating to a “hold (c-)” rating in a report on Tuesday, February 24th. Truist Financial began coverage on Crown Castle in a report on Tuesday, March 31st. They set a “hold” rating and a $90.00 price objective for the company. JPMorgan Chase & Co. dropped their price target on Crown Castle from $110.00 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. The Goldman Sachs Group dropped their price target on Crown Castle from $105.00 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Finally, UBS Group decreased their price objective on Crown Castle from $116.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $99.39.

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.