World Investment Advisors Acquires 5,568 Shares of Crown Castle Inc. $CCI

World Investment Advisors boosted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 257.7% during the 4th quarter, HoldingsChannel reports. The fund owned 7,729 shares of the real estate investment trust’s stock after purchasing an additional 5,568 shares during the period. World Investment Advisors’ holdings in Crown Castle were worth $687,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in 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 purchasing an additional 386,733 shares during the period. State Street Corp boosted its position 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. Invesco Ltd. grew its stake in shares of Crown Castle by 33.2% during the third quarter. Invesco Ltd. now owns 6,437,685 shares of the real estate investment trust’s stock valued at $621,172,000 after buying an additional 1,605,291 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Crown Castle by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 6,185,915 shares of the real estate investment trust’s stock worth $596,876,000 after buying an additional 177,896 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Crown Castle by 4.3% in the third quarter. Legal & General Group Plc now owns 5,621,490 shares of the real estate investment trust’s stock worth $542,418,000 after buying an additional 232,549 shares during the period. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Performance

NYSE:CCI opened at $89.91 on Tuesday. The company has a fifty day moving average of $85.99 and a two-hundred day moving average of $87.58. The stock has a market capitalization of $39.24 billion, a PE ratio of 37.15, a P/E/G ratio of 0.44 and a beta of 0.93. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76.

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, beating the consensus estimate of $0.47 by $0.55. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.42 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The firm’s revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Research analysts forecast that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a $1.0625 dividend. The ex-dividend date was Friday, March 13th. This represents a $4.25 dividend on an annualized basis and a yield of 4.7%. Crown Castle’s dividend payout ratio is presently 175.62%.

Wall Street Analyst Weigh In

CCI has been the subject of several research reports. Raymond James Financial boosted their price objective on shares of Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 23rd. Citigroup decreased their price target on shares of Crown Castle from $110.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Zacks Research upgraded Crown Castle from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. JPMorgan Chase & Co. dropped their price objective on Crown Castle from $110.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Finally, Wall Street Zen upgraded Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.52.

Insider Buying and Selling

In other news, VP Robert Sean Collins sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $87.49, for a total transaction of $262,470.00. Following the transaction, the vice president directly owned 5,800 shares in the company, valued at $507,442. The trade was a 34.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Edward B. Adams, Jr. sold 4,650 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $86.34, for a total value of $401,481.00. Following the completion of the sale, the executive vice president directly owned 25,183 shares of the company’s stock, valued at approximately $2,174,300.22. This 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.