UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $293.30 Million Stake in Crown Castle Inc. $CCI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 18,599.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,872,994 shares of the real estate investment trust’s stock after purchasing an additional 3,852,282 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Crown Castle were worth $293,302,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CCI. Empowered Funds LLC grew its stake in shares of Crown Castle by 7.5% in the 1st quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust’s stock valued at $1,714,000 after buying an additional 1,150 shares in the last quarter. First Trust Advisors LP raised its position in Crown Castle by 6.9% during 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. raised its position in Crown Castle by 3.7% during 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 lifted its stake in 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 during the last quarter. Finally, Federated Hermes Inc. lifted its stake in 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 during the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CCI shares. Jefferies Financial Group cut their target price on Crown Castle from $88.00 to $82.00 and set a “hold” rating on the stock in a report on Wednesday, July 15th. The Goldman Sachs Group started coverage on Crown Castle in a report on Friday, June 26th. They set a “neutral” rating and a $95.00 price objective on the stock. BMO Capital Markets cut their price objective on Crown Castle from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Citigroup restated a “market outperform” rating on shares of Crown Castle in a report on Friday, July 24th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Crown Castle in a report on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.13.

Insider Transactions at Crown Castle

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

Crown Castle Stock Up 0.1%

NYSE CCI opened at $76.25 on Tuesday. The stock has a market cap of $32.44 billion, a P/E ratio of 38.71, a PEG ratio of 0.40 and a beta of 0.95. The company’s 50-day simple moving average is $76.78 and its 200 day simple moving average is $83.81. Crown Castle Inc. has a twelve month low of $69.72 and a twelve month high of $100.50.

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

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.0625 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.25 annualized dividend and a yield of 5.6%. Crown Castle’s dividend payout ratio is currently 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.