Financiere des Professionnels Fonds d investissement inc. Invests $1.50 Million in Crown Castle Inc. $CCI

Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Crown Castle Inc. (NYSE:CCI) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 18,400 shares of the real estate investment trust’s stock, valued at approximately $1,496,000.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in Crown Castle during the fourth quarter valued at approximately $594,670,000. Lazard Asset Management LLC grew its position in Crown Castle by 124.2% in the fourth quarter. Lazard Asset Management LLC now owns 11,635,117 shares of the real estate investment trust’s stock worth $1,034,013,000 after acquiring an additional 6,445,237 shares in the last quarter. Cohen & Steers Inc. grew its position in Crown Castle by 11.0% in the fourth quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock worth $3,536,214,000 after acquiring an additional 3,953,685 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Crown Castle by 591.8% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,471,120 shares of the real estate investment trust’s stock worth $431,418,000 after purchasing an additional 3,824,778 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Crown Castle by 422.5% during the 4th quarter. Principal Financial Group Inc. now owns 3,581,154 shares of the real estate investment trust’s stock worth $318,258,000 after purchasing an additional 2,895,756 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Trading Up 0.7%

NYSE CCI opened at $79.24 on Friday. Crown Castle Inc. has a 1 year low of $73.75 and a 1 year high of $115.76. The company has a fifty day simple moving average of $85.66 and a 200 day simple moving average of $86.18. The company has a market cap of $34.59 billion, a P/E ratio of 32.75, a P/E/G ratio of 0.40 and a beta of 0.95.

Crown Castle (NYSE:CCI) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $995.41 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Equities research analysts forecast that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is currently 175.62%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CCI shares. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Barclays increased their target price on shares of Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Truist Financial initiated coverage on Crown Castle in a report on Tuesday, March 31st. They set a “hold” rating and a $90.00 target price on the stock. Jefferies Financial Group boosted their price target on Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a research report on Tuesday, April 14th. Finally, Raymond James Financial upped their price target on Crown Castle from $102.00 to $108.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Crown Castle has an average rating of “Moderate Buy” and an average target price 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.