Te Ahumairangi Investment Management Ltd Purchases 5,655 Shares of Crown Castle Inc. $CCI

Te Ahumairangi Investment Management Ltd boosted its position in shares of Crown Castle Inc. (NYSE:CCI) by 11.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,225 shares of the real estate investment trust’s stock after purchasing an additional 5,655 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in Crown Castle were worth $5,086,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Crown Castle by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 69,769,393 shares of the real estate investment trust’s stock worth $6,200,406,000 after buying an additional 386,733 shares during the period. State Street Corp increased its stake in shares of Crown Castle by 1.2% during the third quarter. State Street Corp now owns 21,728,541 shares of the real estate investment trust’s stock valued at $2,096,587,000 after buying an additional 266,963 shares during the period. Geode Capital Management LLC raised its holdings in shares of Crown Castle by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 13,027,749 shares of the real estate investment trust’s stock valued at $1,156,972,000 after acquiring an additional 184,533 shares in the last quarter. Deutsche Bank AG raised 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 valued at $636,292,000 after acquiring an additional 2,065,247 shares in the last quarter. Finally, Norges Bank purchased a new stake in Crown Castle in the fourth quarter worth about $594,670,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Performance

NYSE:CCI opened at $92.13 on Friday. The company’s 50-day simple moving average is $88.80 and its 200-day simple moving average is $87.69. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76. The stock has a market capitalization of $40.21 billion, a P/E ratio of 38.07, a P/E/G ratio of 0.47 and a beta of 0.93.

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

Crown Castle Dividend Announcement

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 dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio is currently 175.62%.

Analyst Ratings Changes

CCI has been the topic of several recent research reports. Jefferies Financial Group increased their target price on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a report on Tuesday, April 14th. Scotiabank reduced their price target on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a report on Tuesday, April 7th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $85.00 price target (down from $90.00) on shares of Crown Castle in a research report on Monday, March 23rd. Sanford C. Bernstein assumed 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. Finally, Barclays boosted their price objective on shares of Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.52.

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.