Knights of Columbus Asset Advisors LLC Has $4.33 Million Stock Position in Crown Castle Inc. $CCI

Knights of Columbus Asset Advisors LLC lifted its stake in Crown Castle Inc. (NYSE:CCI) by 27.7% in the fourth quarter, HoldingsChannel reports. The firm owned 48,716 shares of the real estate investment trust’s stock after purchasing an additional 10,567 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Crown Castle were worth $4,329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CCI. LRI Investments LLC acquired a new position in shares of Crown Castle in the 3rd quarter valued at $29,000. Wiser Advisor Group LLC acquired a new position in shares of Crown Castle in the 3rd quarter valued at $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Crown Castle in the 3rd quarter valued at $31,000. Triumph Capital Management acquired a new position in shares of Crown Castle in the 3rd quarter valued at $31,000. Finally, Salomon & Ludwin LLC boosted its position in shares of Crown Castle by 128.7% in the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Buying and Selling

In other Crown Castle news, VP Robert Sean Collins sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $87.49, for a total transaction of $262,470.00. Following the completion of the sale, the vice president directly owned 5,800 shares in the company, valued at approximately $507,442. This trade represents a 34.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.

Crown Castle Trading Up 0.2%

Shares of NYSE CCI opened at $90.82 on Thursday. Crown Castle Inc. has a one year low of $75.96 and a one year high of $115.76. The firm has a market capitalization of $39.64 billion, a PE ratio of 37.53, a PEG ratio of 0.46 and a beta of 0.93. The business has a 50-day moving average price of $86.48 and a two-hundred day moving average price of $87.65.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.42 million. During the same period last year, the company posted $1.10 EPS. 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. Research analysts anticipate that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given 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 yield of 4.7%. Crown Castle’s dividend payout ratio (DPR) is presently 175.62%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CCI shares. JPMorgan Chase & Co. decreased their price target on Crown Castle from $110.00 to $95.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. BMO Capital Markets increased their price target on Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. KeyCorp increased their price target on Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Truist Financial assumed coverage on Crown Castle in a research report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 price target for the company. Finally, Raymond James Financial raised their price objective on Crown Castle from $102.00 to $108.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 23rd. Two investment 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $98.52.

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.