United Capital Financial Advisors LLC Acquires Shares of 18,855 Crown Castle Inc. $CCI

United Capital Financial Advisors LLC bought a new position in Crown Castle Inc. (NYSE:CCI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 18,855 shares of the real estate investment trust’s stock, valued at approximately $1,428,000.

Other large investors also recently bought and sold shares of the company. Binnacle Investments Inc boosted its stake in Crown Castle by 10.9% during the third quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 127 shares in the last quarter. Front Row Advisors LLC grew its stake in shares of Crown Castle by 1.4% in the 1st quarter. Front Row Advisors LLC now owns 9,305 shares of the real estate investment trust’s stock worth $757,000 after buying an additional 130 shares during the last quarter. Hilton Head Capital Partners LLC increased its position in Crown Castle by 55.6% during 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 in the last quarter. CENTRAL TRUST Co raised its stake in 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 buying an additional 138 shares during the last quarter. Finally, Principal Securities Inc. raised its stake 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 valued at $334,000 after buying an additional 142 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Crown Castle news, VP Robert Sean Collins sold 1,500 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $113,835.00. Following the completion of the sale, the vice president directly owned 5,113 shares in the company, valued at $388,025.57. The trade was a 22.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Crown Castle Stock Up 1.4%

Shares of CCI stock opened at $76.09 on Friday. The company has a 50 day moving average price of $76.91 and a 200-day moving average price of $83.86. Crown Castle Inc. has a 52 week low of $69.72 and a 52 week high of $100.50. The firm has a market capitalization of $32.37 billion, a PE ratio of 38.62, a P/E/G ratio of 0.40 and a beta of 0.95.

Crown Castle (NYSE:CCI) last issued its earnings results 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). The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.05 million. Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 EPS. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. Analysts anticipate that Crown Castle Inc. will post 4.39 earnings per share for the current year.

Crown Castle Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CCI. TD Cowen cut their target price on Crown Castle from $94.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. BMO Capital Markets dropped their price target on shares of Crown Castle from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Barclays lifted their target price on shares of Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Citigroup reiterated a “market outperform” rating on shares of Crown Castle in a research note on Friday, July 24th. Finally, Royal Bank Of Canada reduced their price target on shares of Crown Castle from $92.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.13.

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.