LRT Capital Management LLC Cuts Stock Holdings in Crown Castle Inc. $CCI

LRT Capital Management LLC trimmed its position in shares of Crown Castle Inc. (NYSE:CCI) by 32.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 28,347 shares of the real estate investment trust’s stock after selling 13,424 shares during the period. Crown Castle comprises approximately 2.2% of LRT Capital Management LLC’s portfolio, making the stock its 13th biggest holding. LRT Capital Management LLC’s holdings in Crown Castle were worth $2,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CCI. Empowered Funds LLC increased its holdings in shares of Crown Castle by 7.5% during the 1st quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust’s stock valued at $1,714,000 after purchasing an additional 1,150 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Crown Castle by 6.9% during the 2nd quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust’s stock valued at $9,000,000 after purchasing an additional 5,630 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of Crown Castle by 3.7% during the 2nd quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust’s stock valued at $786,000 after purchasing an additional 272 shares in the last quarter. Jump Financial LLC increased its holdings in shares of Crown Castle by 49.3% during the 2nd quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust’s stock valued at $1,121,000 after purchasing an additional 3,603 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Crown Castle by 5.6% during the 2nd quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust’s stock valued at $509,000 after purchasing an additional 261 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Stock Down 0.0%

Shares of CCI opened at $92.02 on Friday. Crown Castle Inc. has a 52-week low of $75.96 and a 52-week high of $115.76. The firm’s fifty day moving average is $89.02 and its two-hundred day moving average is $87.72. The stock has a market cap of $40.16 billion, a PE ratio of 38.03, a price-to-earnings-growth ratio of 0.47 and a beta of 0.93.

Crown Castle (NYSE:CCI) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.55. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.42 million. During the same quarter in the previous year, the company posted $1.10 EPS. The firm’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. As a group, research analysts anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 175.62%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Raymond James Financial lifted their price target on shares of Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 23rd. KeyCorp lifted their price target on shares of Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Jefferies Financial Group lifted their price target on shares of Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $98.52.

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.