Ironwood Investment Counsel LLC Acquires 9,165 Shares of Crown Castle Inc. $CCI

Ironwood Investment Counsel LLC lifted its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 34.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,521 shares of the real estate investment trust’s stock after purchasing an additional 9,165 shares during the period. Ironwood Investment Counsel LLC’s holdings in Crown Castle were worth $3,157,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CCI. LRI Investments LLC bought a new stake in shares of Crown Castle during the 3rd quarter valued at about $29,000. Wiser Advisor Group LLC bought a new stake in shares of Crown Castle during the 3rd quarter valued at about $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Crown Castle during the 3rd quarter valued at about $31,000. Triumph Capital Management bought a new stake in shares of Crown Castle during the 3rd quarter valued at about $31,000. Finally, Salomon & Ludwin LLC boosted its position in shares of Crown Castle by 128.7% during the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CCI. Jefferies Financial Group upped their target price on Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a research report on Tuesday, April 14th. UBS Group cut their target price on Crown Castle from $116.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Truist Financial assumed coverage on Crown Castle in a research note on Tuesday, March 31st. They set a “hold” rating and a $90.00 price target on the stock. Sanford C. Bernstein assumed coverage on Crown Castle in a research note on Thursday, March 5th. They set an “outperform” rating and a $102.00 price target on the stock. Finally, Scotiabank dropped their price target on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.39.

Insider Activity at Crown Castle

In other news, EVP Edward B. Adams, Jr. sold 4,650 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total value of $401,481.00. Following the completion of the sale, the executive vice president directly owned 25,183 shares of the company’s stock, valued at $2,174,300.22. This represents a 15.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert Sean Collins sold 3,000 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $87.49, for a total value of $262,470.00. Following the completion of the sale, the vice president directly owned 5,800 shares of the company’s stock, valued at approximately $507,442. This trade represents a 34.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.09% of the company’s stock.

Crown Castle Stock Performance

CCI stock opened at $86.67 on Monday. The stock’s 50 day simple moving average is $86.00 and its 200 day simple moving average is $87.61. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76. The company has a market cap of $37.83 billion, a P/E ratio of 35.81, a price-to-earnings-growth ratio of 0.44 and a beta of 0.93.

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 for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.42 million. During the same period in the prior year, the business earned $1.10 EPS. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Equities analysts predict that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid a $1.0625 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $4.25 annualized dividend and a dividend yield of 4.9%. Crown Castle’s dividend payout ratio is 175.62%.

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.