Danske Bank A S Takes $15.71 Million Position in Crown Castle Inc. $CCI

Danske Bank A S acquired a new position in shares of Crown Castle Inc. (NYSE:CCI) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 207,467 shares of the real estate investment trust’s stock, valued at approximately $15,711,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wiser Advisor Group LLC acquired a new stake in shares of Crown Castle during the third quarter valued at about $29,000. Triumph Capital Management acquired a new position in shares of Crown Castle in the third quarter valued at approximately $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 valued at $31,000 after buying an additional 134 shares during the last quarter. Salomon & Ludwin LLC boosted 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 buying an additional 215 shares during the period. Finally, MV Capital Management Inc. acquired a new stake in Crown Castle during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CCI shares. JPMorgan Chase & Co. decreased their price target on shares of Crown Castle from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, July 23rd. Jefferies Financial Group reduced their price objective on shares of Crown Castle from $88.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, July 15th. TD Cowen decreased their price objective on Crown Castle from $94.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Citizens Jmp lowered their target price on Crown Castle from $125.00 to $120.00 and set a “market outperform” rating for the company in a research report on Friday, July 24th. Finally, BMO Capital Markets cut their target price on Crown Castle from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.13.

Crown Castle Stock Performance

Shares of NYSE CCI opened at $75.44 on Friday. The company has a market capitalization of $32.10 billion, a P/E ratio of 38.29, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. Crown Castle Inc. has a 52-week low of $69.72 and a 52-week high of $104.61. The company’s 50 day moving average price is $78.19 and its 200-day moving average price is $84.17.

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

Crown Castle Dividend Announcement

The firm also recently declared 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. This represents a $4.25 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Tuesday, September 15th. Crown Castle’s dividend payout ratio (DPR) is presently 215.74%.

Insiders Place Their Bets

In other news, VP Robert Sean Collins sold 1,500 shares of Crown Castle stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $75.89, for a total value of $113,835.00. Following the completion of the transaction, the vice president directly owned 5,113 shares of the company’s stock, valued at approximately $388,025.57. This trade represents a 22.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

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.