Crown Castle Inc. $CCI Shares Sold by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC trimmed its holdings in Crown Castle Inc. (NYSE:CCI) by 94.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 345 shares of the real estate investment trust’s stock after selling 6,111 shares during the period. Prestige Wealth Management Group LLC’s holdings in Crown Castle were worth $31,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wiser Advisor Group LLC acquired a new position in Crown Castle during the third quarter valued at approximately $29,000. Triumph Capital Management acquired a new position in Crown Castle during the 3rd quarter worth approximately $31,000. KERR FINANCIAL PLANNING Corp acquired a new position in Crown Castle during the 3rd quarter worth approximately $31,000. Salomon & Ludwin LLC lifted its position in Crown Castle by 128.7% during the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 215 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings in Crown Castle by 269.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 381 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 278 shares during the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Price Performance

CCI opened at $94.27 on Friday. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76. The business has a 50-day moving average of $87.75 and a 200-day moving average of $87.66. The company has a market capitalization of $41.15 billion, a PE ratio of 38.96, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.42 million. During the same period last year, the business earned $1.10 EPS. The business’s quarterly revenue 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, equities research analysts expect that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $1.0625 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.5%. Crown Castle’s dividend payout ratio (DPR) is 175.62%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. BMO Capital Markets upped their price objective on Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Wolfe Research cut Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, May 20th. Jefferies Financial Group raised their target price on Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. Finally, KeyCorp raised their target price on Crown Castle from $98.00 to $105.00 and gave the company an “overweight” 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $98.52.

About Crown Castle

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.