OP Asset Management Ltd Invests $6.22 Million in Crown Castle Inc. $CCI

OP Asset Management Ltd purchased a new stake in shares of Crown Castle Inc. (NYSE:CCI) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 76,525 shares of the real estate investment trust’s stock, valued at approximately $6,222,000.

A number of other large investors have also recently added to or reduced their stakes in CCI. Vanguard Group Inc. grew its holdings in shares of Crown Castle by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 69,769,393 shares of the real estate investment trust’s stock worth $6,200,406,000 after purchasing an additional 386,733 shares during the period. Cohen & Steers Inc. raised its holdings in Crown Castle by 11.0% in the 4th quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock valued at $3,536,214,000 after buying an additional 3,953,685 shares during the period. State Street Corp lifted its position in Crown Castle by 2.4% in the fourth quarter. State Street Corp now owns 22,239,559 shares of the real estate investment trust’s stock valued at $1,976,430,000 after buying an additional 511,018 shares during the last quarter. Wellington Management Group LLP lifted its position in Crown Castle by 2.8% in the fourth quarter. Wellington Management Group LLP now owns 13,986,852 shares of the real estate investment trust’s stock valued at $1,243,012,000 after buying an additional 380,419 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Crown Castle by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 13,027,749 shares of the real estate investment trust’s stock valued at $1,156,972,000 after buying an additional 184,533 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CCI shares. Wolfe Research cut shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. BMO Capital Markets increased their price objective on shares of Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Crown Castle in a report on Friday, May 22nd. KeyCorp boosted their target price on Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Finally, Barclays upped their price target on Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.52.

Crown Castle Stock Performance

Shares of CCI opened at $79.47 on Friday. The company’s 50-day simple moving average is $88.67 and its 200-day simple moving average is $87.37. Crown Castle Inc. has a 1 year low of $75.96 and a 1 year high of $115.76. The stock has a market capitalization of $34.68 billion, a PE ratio of 32.84, a P/E/G ratio of 0.42 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, beating analysts’ consensus estimates of $0.47 by $0.55. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.41 million. During the same quarter in the previous year, the business posted $1.10 earnings per share. The business’s quarterly 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 year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $1.0625 dividend. The ex-dividend date is Monday, June 15th. This represents a $4.25 annualized dividend and a dividend yield of 5.3%. Crown Castle’s payout ratio is 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.