Pictet Asset Management Holding SA Decreases Stock Position in Crown Castle Inc. $CCI

Pictet Asset Management Holding SA lessened its stake in Crown Castle Inc. (NYSE:CCI) by 27.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,998,848 shares of the real estate investment trust’s stock after selling 767,073 shares during the period. Pictet Asset Management Holding SA’s holdings in Crown Castle were worth $162,512,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CCI. Wiser Advisor Group LLC bought a new position in shares of Crown Castle in the third quarter worth approximately $29,000. Triumph Capital Management purchased a new stake in Crown Castle during the 3rd quarter valued at $31,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Crown Castle during the 3rd quarter valued at $31,000. Hilton Head Capital Partners LLC grew its holdings in Crown Castle by 55.6% in the 1st 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. Finally, Salomon & Ludwin LLC grew its holdings in Crown Castle by 128.7% in the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 215 shares during the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CCI shares. BMO Capital Markets upped their price objective on shares of Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. The Goldman Sachs Group began coverage on Crown Castle in a research note on Friday. They issued a “neutral” rating and a $95.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Raymond James Financial upped their price target on Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 23rd. Finally, Wolfe Research lowered 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, six have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.52.

Crown Castle Trading Down 0.1%

NYSE:CCI opened at $82.58 on Monday. The company has a 50-day moving average price of $88.61 and a 200-day moving average price of $87.31. Crown Castle Inc. has a 12 month low of $75.96 and a 12 month high of $115.76. The stock has a market cap of $36.04 billion, a price-to-earnings ratio of 34.12, a P/E/G ratio of 0.42 and a beta of 0.93.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results 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 net margin of 25.13% and a negative return on equity of 64.64%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.41 million. During the same quarter in the previous year, the company earned $1.10 earnings per share. Crown Castle’s quarterly revenue was down 4.9% on a year-over-year basis. 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 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.0625 per share. The ex-dividend date is Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.1%. Crown Castle’s dividend payout ratio is 175.62%.

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.