Janney Montgomery Scott LLC Purchases 17,283 Shares of Crown Castle Inc. $CCI

Janney Montgomery Scott LLC grew its holdings in Crown Castle Inc. (NYSE:CCI) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 248,006 shares of the real estate investment trust’s stock after purchasing an additional 17,283 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Crown Castle were worth $20,165,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Crown Castle during the 4th quarter valued at approximately $594,670,000. Lazard Asset Management LLC increased its position in Crown Castle by 124.2% in the 4th quarter. Lazard Asset Management LLC now owns 11,635,117 shares of the real estate investment trust’s stock worth $1,034,013,000 after buying an additional 6,445,237 shares during the period. Cohen & Steers Inc. lifted its holdings in shares of Crown Castle by 11.0% during the fourth quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock worth $3,536,214,000 after buying an additional 3,953,685 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Crown Castle by 591.8% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,471,120 shares of the real estate investment trust’s stock worth $431,418,000 after buying an additional 3,824,778 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Crown Castle by 422.5% in the fourth quarter. Principal Financial Group Inc. now owns 3,581,154 shares of the real estate investment trust’s stock valued at $318,258,000 after acquiring an additional 2,895,756 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Trading Down 3.8%

CCI opened at $75.64 on Wednesday. The stock has a market cap of $33.01 billion, a PE ratio of 31.25, a P/E/G ratio of 0.40 and a beta of 0.93. Crown Castle Inc. has a 1 year low of $75.39 and a 1 year high of $115.76. The stock’s 50 day simple moving average is $88.19 and its 200-day simple moving average is $87.12.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.55. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.41 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 period in the prior year, the company posted $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Equities analysts forecast that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $1.0625 dividend. The ex-dividend date was Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.6%. Crown Castle’s dividend payout ratio is currently 175.62%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CCI shares. Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Wolfe Research downgraded shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th. KeyCorp raised their price target on shares of Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Truist Financial assumed coverage on shares of Crown Castle in a report on Tuesday, March 31st. They set a “hold” rating and a $90.00 price objective on the stock. Finally, Raymond James Financial upped their price objective on shares of Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $98.52.

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.