Fjarde AP Fonden Fourth Swedish National Pension Fund Has $9.79 Million Position in Crown Castle Inc. $CCI

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 46.3% in the first quarter, Holdings Channel reports. The firm owned 120,425 shares of the real estate investment trust’s stock after acquiring an additional 38,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Crown Castle were worth $9,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCI. Wiser Advisor Group LLC acquired a new stake in shares of Crown Castle in the third quarter worth $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in Crown Castle in the 3rd quarter valued at $31,000. Triumph Capital Management bought a new position in Crown Castle in the 3rd quarter worth $31,000. Hilton Head Capital Partners LLC raised 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 period. Finally, Salomon & Ludwin LLC lifted its position in Crown Castle by 128.7% during 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. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Price Performance

NYSE:CCI opened at $76.46 on Friday. Crown Castle Inc. has a one year low of $74.33 and a one year high of $115.76. The company has a fifty day moving average price of $87.61 and a 200 day moving average price of $86.84. The stock has a market cap of $33.37 billion, a P/E ratio of 31.60, a PEG ratio of 0.39 and a beta of 0.95.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (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 analyst estimates of $995.41 million. During the same period last year, the business posted $1.10 EPS. The business’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. As a group, equities research analysts anticipate that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Announces Dividend

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

Analyst Upgrades and Downgrades

CCI has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on shares of Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. Raymond James Financial boosted 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. Scotiabank decreased their target price on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 7th. Finally, Truist Financial started coverage on Crown Castle in a report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.52.

Crown Castle 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.