Crown Castle Inc. $CCI Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Crown Castle Inc. (NYSE:CCI) by 18,599.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,872,994 shares of the real estate investment trust’s stock after buying an additional 3,852,282 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.91% of Crown Castle worth $293,302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wiser Advisor Group LLC purchased a new stake in shares of Crown Castle during the third quarter worth about $29,000. Pingora Partners LLC acquired a new position in shares of Crown Castle in the second quarter worth about $30,000. Hilton Head Capital Partners LLC boosted its holdings in Crown Castle by 55.6% in 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 purchasing an additional 134 shares during the last quarter. Triumph Capital Management purchased a new position in Crown Castle in the third quarter valued at about $31,000. Finally, Global Assets Advisory LLC purchased a new position in Crown Castle in the first quarter valued at about $32,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Robert Sean Collins sold 1,500 shares of the stock in a transaction dated Friday, August 7th. The shares were 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 owned 5,113 shares in the company, valued at $388,025.57. This represents a 22.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CCI. Barclays lifted their price objective on Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. JPMorgan Chase & Co. reduced their target price on Crown Castle from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. BMO Capital Markets decreased their price target on shares of Crown Castle from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Citigroup restated a “market outperform” rating on shares of Crown Castle in a research note on Friday, July 24th. Finally, Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Two investment 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 stock has an average rating of “Moderate Buy” and an average price target of $95.13.

Crown Castle Price Performance

Shares of CCI opened at $76.25 on Tuesday. The stock has a market capitalization of $32.44 billion, a PE ratio of 38.71, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. The business’s fifty day moving average price is $76.78 and its 200 day moving average price is $83.81. Crown Castle Inc. has a 12-month low of $69.72 and a 12-month high of $100.50.

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 analysts’ consensus estimates of $0.39 by ($0.17). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.05 million. Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The business’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, research analysts anticipate that Crown Castle Inc. will post 4.39 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

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

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.