38,573 Shares in Crown Castle Inc. $CCI Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. acquired a new position in shares of Crown Castle Inc. (NYSE:CCI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 38,573 shares of the real estate investment trust’s stock, valued at approximately $3,428,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CCI. Empowered Funds LLC boosted its stake in Crown Castle by 7.5% during the 1st quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust’s stock worth $1,714,000 after acquiring an additional 1,150 shares during the last quarter. First Trust Advisors LP boosted its stake in Crown Castle by 6.9% during the 2nd quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust’s stock worth $9,000,000 after acquiring an additional 5,630 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Crown Castle by 3.7% during the 2nd quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust’s stock worth $786,000 after acquiring an additional 272 shares during the last quarter. Jump Financial LLC boosted its stake in Crown Castle by 49.3% during the 2nd quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust’s stock worth $1,121,000 after acquiring an additional 3,603 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in Crown Castle by 5.6% during the 2nd quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust’s stock worth $509,000 after acquiring an additional 261 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Down 1.3%

NYSE CCI opened at $92.13 on Friday. Crown Castle Inc. has a 12-month low of $75.96 and a 12-month high of $115.76. The company has a market capitalization of $40.21 billion, a PE ratio of 38.07, a price-to-earnings-growth ratio of 0.47 and a beta of 0.93. The firm’s 50 day moving average is $88.80 and its 200-day moving average is $87.69.

Crown Castle (NYSE:CCI) last posted 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. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.42 million. During the same period last year, the company earned $1.10 earnings per share. The firm’s revenue was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, sell-side analysts expect that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $1.0625 dividend. The ex-dividend date is Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.6%. Crown Castle’s dividend payout ratio (DPR) is 175.62%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CCI shares. Sanford C. Bernstein started coverage on shares of Crown Castle in a research note on Thursday, March 5th. They set an “outperform” rating and a $102.00 price objective on the stock. Barclays raised 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. Truist Financial started coverage on shares of Crown Castle in a report on Tuesday, March 31st. They set a “hold” rating and a $90.00 target price on the stock. Wells Fargo & Company restated an “equal weight” rating and set a $85.00 target price (down from $90.00) on shares of Crown Castle in a report on Monday, March 23rd. Finally, BMO Capital Markets raised their target price on shares of Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.52.

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.