Public Employees Retirement System of Ohio Takes Position in Crown Castle Inc. $CCI

Public Employees Retirement System of Ohio purchased a new position in shares of Crown Castle Inc. (NYSE:CCI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 124,404 shares of the real estate investment trust’s stock, valued at approximately $9,421,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Wiser Advisor Group LLC acquired a new position in shares of Crown Castle in the 3rd quarter valued at $29,000. Pingora Partners LLC acquired a new stake in shares of Crown Castle during the second quarter valued at about $30,000. Hilton Head Capital Partners LLC raised its stake in shares of Crown Castle by 55.6% in the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 134 shares during the period. Triumph Capital Management acquired a new position in shares of Crown Castle in the 3rd quarter worth approximately $31,000. Finally, Global Assets Advisory LLC acquired a new stake in Crown Castle in the 1st quarter valued at approximately $32,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CCI shares. The Goldman Sachs Group initiated coverage on Crown Castle in a research note on Friday, June 26th. They set a “neutral” rating and a $95.00 price target on the stock. Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Barclays raised their price objective on shares of Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Royal Bank Of Canada cut their target price on shares of Crown Castle from $92.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Finally, Citizens Jmp dropped their price target on shares of Crown Castle from $125.00 to $120.00 and set a “market outperform” rating for the company in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $95.13.

Crown Castle Price Performance

NYSE:CCI opened at $76.25 on Tuesday. Crown Castle Inc. has a 12 month low of $69.72 and a 12 month high of $100.50. The firm has a market capitalization of $32.44 billion, a PE ratio of 38.71, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. The business’s fifty day moving average price is $76.78 and its 200 day moving average price is $83.81.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.17). The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.05 million. Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, equities analysts anticipate that Crown Castle Inc. will post 4.39 EPS for the current year.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $1.0625 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $4.25 dividend on an annualized basis and a yield of 5.6%. Crown Castle’s payout ratio is currently 215.74%.

Insider Buying and Selling at Crown Castle

In other news, VP Robert Sean Collins sold 1,500 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $75.89, for a total value of $113,835.00. Following the completion of the sale, the vice president directly owned 5,113 shares of the company’s stock, valued at approximately $388,025.57. This represents a 22.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

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.