Crown Castle Inc. $CCI Shares Purchased by Inceptionr LLC

Inceptionr LLC boosted its holdings in Crown Castle Inc. (NYSE:CCI) by 189.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,799 shares of the real estate investment trust’s stock after acquiring an additional 10,989 shares during the quarter. Inceptionr LLC’s holdings in Crown Castle were worth $1,493,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CCI. Compass Wealth Management LLC increased its stake in Crown Castle by 8.8% in the 4th quarter. Compass Wealth Management LLC now owns 70,023 shares of the real estate investment trust’s stock worth $6,223,000 after purchasing an additional 5,650 shares in the last quarter. Zions Bancorporation National Association UT boosted its holdings in shares of Crown Castle by 873.6% in the fourth quarter. Zions Bancorporation National Association UT now owns 2,473 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 2,219 shares during the period. Deutsche Bank AG boosted its holdings in shares of Crown Castle by 40.5% in the fourth quarter. Deutsche Bank AG now owns 7,159,803 shares of the real estate investment trust’s stock worth $636,292,000 after buying an additional 2,065,247 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Crown Castle in the fourth quarter worth about $491,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Crown Castle by 20.9% in the fourth quarter. Franklin Resources Inc. now owns 168,557 shares of the real estate investment trust’s stock worth $14,980,000 after buying an additional 29,171 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Scotiabank lowered their price target on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 7th. Zacks Research upgraded Crown Castle from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. BMO Capital Markets lifted their price target on Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Truist Financial assumed coverage on Crown Castle in a report on Tuesday, March 31st. They set a “hold” rating and a $90.00 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Crown Castle in a report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.52.

Crown Castle Trading Up 1.0%

CCI opened at $93.52 on Thursday. The stock has a market cap of $40.82 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 0.47 and a beta of 0.93. Crown Castle Inc. has a 1 year low of $75.96 and a 1 year high of $115.76. The stock has a fifty day moving average price of $88.58 and a 200 day moving average price of $87.68.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.55. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.42 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The business’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, sell-side analysts forecast that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $1.0625 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a yield of 4.5%. Crown Castle’s dividend payout ratio (DPR) is presently 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.