Lombard Odier Asset Management Europe Ltd Takes $847,000 Position in Crown Castle Inc. $CCI

Lombard Odier Asset Management Europe Ltd acquired a new position in Crown Castle Inc. (NYSE:CCI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,178 shares of the real estate investment trust’s stock, valued at approximately $847,000.

Several other large investors have also recently bought and sold shares of CCI. Binnacle Investments Inc raised its position in shares of Crown Castle by 10.9% during the 3rd quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 127 shares in the last quarter. Front Row Advisors LLC boosted its holdings in shares of Crown Castle by 1.4% in the first quarter. Front Row Advisors LLC now owns 9,305 shares of the real estate investment trust’s stock valued at $757,000 after acquiring an additional 130 shares in the last quarter. Hilton Head Capital Partners LLC increased its stake in shares of Crown Castle by 55.6% during the first quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 134 shares during the period. CENTRAL TRUST Co increased its stake in shares of Crown Castle by 10.2% during the first quarter. CENTRAL TRUST Co now owns 1,488 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 138 shares during the period. Finally, Principal Securities Inc. raised its holdings in Crown Castle by 3.9% during the fourth quarter. Principal Securities Inc. now owns 3,754 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 142 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Up 1.4%

NYSE:CCI opened at $76.09 on Friday. The stock has a fifty day simple moving average of $76.91 and a 200 day simple moving average of $83.86. The firm has a market capitalization of $32.37 billion, a price-to-earnings ratio of 38.62, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. Crown Castle Inc. has a 1-year low of $69.72 and a 1-year high of $100.50.

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

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $1.0625 per share. The ex-dividend date is Tuesday, September 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.6%. Crown Castle’s payout ratio is currently 215.74%.

Insider Activity

In other news, VP Robert Sean Collins sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $75.89, for a total transaction of $113,835.00. Following the sale, the vice president owned 5,113 shares in the company, valued at $388,025.57. The trade was a 22.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CCI. The Goldman Sachs Group started coverage on Crown Castle in a research report on Friday, June 26th. They issued a “neutral” rating and a $95.00 target price for the company. JPMorgan Chase & Co. lowered their price target on Crown Castle from $95.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. BMO Capital Markets dropped their price objective on Crown Castle from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a report on Wednesday, August 19th. Finally, Royal Bank Of Canada decreased their target price on Crown Castle from $92.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, Crown Castle has an average rating of “Moderate Buy” and a consensus target price of $95.13.

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.