Goldman Sachs Group Inc. Has $124.99 Million Stock Position in Crown Castle Inc. $CCI

Goldman Sachs Group Inc. cut its stake in shares of Crown Castle Inc. (NYSE:CCI) by 47.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,406,455 shares of the real estate investment trust’s stock after selling 1,287,431 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Crown Castle were worth $124,992,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wiser Advisor Group LLC bought a new stake in shares of Crown Castle during the 3rd quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Crown Castle in the 3rd quarter valued at approximately $31,000. Triumph Capital Management bought a new position in shares of Crown Castle in the third quarter valued at $31,000. Salomon & Ludwin LLC increased its holdings in Crown Castle by 128.7% during the fourth quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 215 shares during the last quarter. Finally, Aventura Private Wealth LLC acquired a new position in Crown Castle during the fourth quarter worth $39,000. 90.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Scotiabank lowered their price objective on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 7th. Zacks Research upgraded shares of Crown Castle from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. BMO Capital Markets lifted their price target on Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Finally, Sanford C. Bernstein started coverage on Crown Castle in a research note on Thursday, March 5th. They issued an “outperform” rating and a $102.00 price objective on the stock. Two investment 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.52.

Crown Castle Stock Down 2.8%

Shares of Crown Castle stock opened at $91.82 on Tuesday. The stock has a market capitalization of $40.08 billion, a price-to-earnings ratio of 37.94, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93. Crown Castle Inc. has a twelve month low of $75.96 and a twelve month high of $115.76. The company has a 50-day simple moving average of $88.03 and a two-hundred day simple moving average of $87.64.

Crown Castle (NYSE:CCI) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, topping 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 $995.42 million. During the same period last year, the firm earned $1.10 earnings per share. The business’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. On average, sell-side analysts anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) 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.