Ritholtz Wealth Management Lowers Stock Position in Crown Castle Inc. $CCI

Ritholtz Wealth Management lessened its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 60.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,827 shares of the real estate investment trust’s stock after selling 7,455 shares during the period. Ritholtz Wealth Management’s holdings in Crown Castle were worth $392,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Crown Castle by 9.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 672,933 shares of the real estate investment trust’s stock worth $60,086,000 after purchasing an additional 60,497 shares in the last quarter. Skylands Capital LLC increased its position in Crown Castle by 6.2% during the 4th quarter. Skylands Capital LLC now owns 262,050 shares of the real estate investment trust’s stock valued at $23,288,000 after buying an additional 15,300 shares in the last quarter. Cooke & Bieler LP raised its stake in Crown Castle by 21.2% during the fourth quarter. Cooke & Bieler LP now owns 2,930,797 shares of the real estate investment trust’s stock valued at $260,460,000 after buying an additional 511,763 shares during the last quarter. Aberdeen Group plc raised its stake in Crown Castle by 13.9% during the fourth quarter. Aberdeen Group plc now owns 1,052,667 shares of the real estate investment trust’s stock valued at $93,551,000 after buying an additional 128,212 shares during the last quarter. Finally, Vinva Investment Management Ltd boosted its holdings in Crown Castle by 30.9% in the third quarter. Vinva Investment Management Ltd now owns 197,804 shares of the real estate investment trust’s stock worth $19,027,000 after acquiring an additional 46,693 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Price Performance

Shares of NYSE:CCI opened at $76.53 on Thursday. The company has a market cap of $33.40 billion, a P/E ratio of 31.63, a PEG ratio of 0.38 and a beta of 0.95. Crown Castle Inc. has a 1 year low of $74.33 and a 1 year high of $115.76. The stock’s fifty day moving average price is $87.97 and its 200-day moving average price is $87.02.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.41 million. During the same period last year, the firm posted $1.10 earnings per share. Crown Castle’s 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 anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is presently 175.62%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CCI. Scotiabank reduced their price target on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a report on Tuesday, April 7th. Raymond James Financial increased their price objective on shares of Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 23rd. Barclays raised their price objective on shares of Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. The Goldman Sachs Group started coverage on shares of Crown Castle in a report on Friday, June 26th. They issued a “neutral” rating and a $95.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.52.

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.