Northwestern Mutual Wealth Management Co. Boosts Stock Position in Crown Castle Inc. $CCI

Northwestern Mutual Wealth Management Co. lifted its position in Crown Castle Inc. (NYSE:CCI) by 123.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 36,080 shares of the real estate investment trust’s stock after buying an additional 19,962 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Crown Castle were worth $3,206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LRI Investments LLC purchased a new stake in shares of Crown Castle in the 3rd quarter valued at $29,000. Wiser Advisor Group LLC purchased a new stake in shares of Crown Castle in the 3rd quarter valued at $29,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Crown Castle in the 3rd quarter valued at $31,000. Triumph Capital Management purchased a new stake in shares of Crown Castle in the 3rd quarter valued at $31,000. Finally, Salomon & Ludwin LLC raised its holdings in shares of Crown Castle by 128.7% in the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 215 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Buying and Selling at Crown Castle

In related news, VP Robert Sean Collins sold 3,000 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president directly owned 5,800 shares of the company’s stock, valued at $507,442. The trade was a 34.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Edward B. Adams, Jr. sold 4,650 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 25,183 shares in the company, valued at approximately $2,174,300.22. The trade was a 15.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

CCI has been the topic of several research analyst reports. Wall Street Zen upgraded Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Jefferies Financial Group boosted their price objective on Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a report on Tuesday, April 14th. JPMorgan Chase & Co. cut their price objective on Crown Castle from $110.00 to $95.00 and set a “neutral” rating on the stock in a report 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. Finally, Truist Financial assumed coverage on Crown Castle in a report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $98.52.

Crown Castle Price Performance

CCI opened at $91.42 on Tuesday. Crown Castle Inc. has a 12 month low of $75.96 and a 12 month high of $115.76. The stock has a market capitalization of $39.90 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 0.46 and a beta of 0.93. The business has a fifty day moving average price of $86.35 and a 200 day moving average price of $87.62.

Crown Castle (NYSE:CCI) last released 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. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.42 million. During the same period in the previous year, the firm posted $1.10 EPS. Crown Castle’s revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, research analysts anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, June 15th. Crown Castle’s payout ratio is presently 175.62%.

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.