Global Wealth Management Investment Advisory Inc. Boosts Stock Holdings in Crown Castle Inc. $CCI

Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 16.5% during the fourth quarter, HoldingsChannel reports. The fund owned 62,798 shares of the real estate investment trust’s stock after purchasing an additional 8,876 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Crown Castle were worth $5,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. World Investment Advisors increased its holdings in shares of Crown Castle by 257.7% in the fourth quarter. World Investment Advisors now owns 7,729 shares of the real estate investment trust’s stock worth $687,000 after purchasing an additional 5,568 shares during the period. First National Advisers LLC bought a new position in Crown Castle in the fourth quarter valued at $269,000. AG2R LA Mondiale Gestion D Actifs increased its stake in Crown Castle by 18.6% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 23,527 shares of the real estate investment trust’s stock valued at $2,091,000 after acquiring an additional 3,691 shares during the last quarter. Swiss Life Asset Management Ltd increased its stake in Crown Castle by 14.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 101,289 shares of the real estate investment trust’s stock valued at $9,002,000 after acquiring an additional 12,610 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in shares of Crown Castle by 23.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 26,089 shares of the real estate investment trust’s stock valued at $2,319,000 after buying an additional 4,978 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Trading Up 0.9%

Shares of CCI stock opened at $91.48 on Wednesday. The firm’s 50 day moving average is $86.15 and its 200 day moving average is $87.83. The stock has a market capitalization of $39.93 billion, a P/E ratio of 37.80, a P/E/G ratio of 0.46 and a beta of 0.93. Crown Castle Inc. has a 12-month low of $75.96 and a 12-month high of $115.76.

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

Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid 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 was Friday, March 13th. Crown Castle’s dividend payout ratio (DPR) is currently 175.62%.

Wall Street Analysts Forecast Growth

CCI has been the topic of a number of recent research reports. Zacks Research raised Crown Castle from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Wells Fargo & Company reissued an “equal weight” rating and issued a $85.00 price target (down from $90.00) on shares of Crown Castle in a research note on Monday, March 23rd. Wall Street Zen downgraded shares of Crown Castle from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Scotiabank decreased their target price on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 7th. Finally, KeyCorp raised their price target on shares of Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Crown Castle currently has a consensus rating of “Moderate Buy” and an average target price of $99.39.

Insider Buying and Selling at Crown Castle

In related news, VP Robert Sean Collins sold 3,000 shares of Crown Castle stock in a transaction on Friday, February 27th. The shares were sold at an average price of $87.49, for a total transaction of $262,470.00. Following the transaction, the vice president owned 5,800 shares in the company, valued at approximately $507,442. The trade was a 34.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Edward B. Adams, Jr. sold 4,650 shares of Crown Castle stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $86.34, for a total transaction of $401,481.00. Following the transaction, the executive vice president owned 25,183 shares in the company, valued at approximately $2,174,300.22. This trade represents a 15.59% decrease in their position. The SEC filing for this sale provides additional information. Company 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.