Louisiana State Employees Retirement System Makes New Investment in Crown Castle Inc. $CCI

Louisiana State Employees Retirement System acquired a new position in Crown Castle Inc. (NYSE:CCI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,200 shares of the real estate investment trust’s stock, valued at approximately $1,805,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CCI. Choreo LLC increased its holdings in Crown Castle by 1.1% in the third quarter. Choreo LLC now owns 11,021 shares of the real estate investment trust’s stock worth $1,063,000 after purchasing an additional 120 shares in the last quarter. United Asset Strategies Inc. grew its position in shares of Crown Castle by 2.5% during the 4th quarter. United Asset Strategies Inc. now owns 4,931 shares of the real estate investment trust’s stock worth $438,000 after buying an additional 120 shares during the period. Consolidated Portfolio Review Corp grew its position in shares of Crown Castle by 1.1% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 10,966 shares of the real estate investment trust’s stock worth $1,058,000 after buying an additional 123 shares during the period. Binnacle Investments Inc increased its stake in shares of Crown Castle by 10.9% in the 3rd quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 127 shares in the last quarter. Finally, Integrated Advisors Network LLC increased its stake in shares of Crown Castle by 5.6% in the 3rd quarter. Integrated Advisors Network LLC now owns 2,489 shares of the real estate investment trust’s stock valued at $240,000 after acquiring an additional 132 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on CCI shares. Wells Fargo & Company reissued an “equal weight” rating and set a $85.00 target price (down from $90.00) on shares of Crown Castle in a research note on Monday, March 23rd. Wolfe Research downgraded shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, May 20th. Sanford C. Bernstein began coverage on shares of Crown Castle in a research report on Thursday, March 5th. They set an “outperform” rating and a $102.00 price objective on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. Finally, Wall Street Zen upgraded Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $98.52.

Crown Castle Price Performance

CCI opened at $75.64 on Wednesday. Crown Castle Inc. has a fifty-two week low of $75.39 and a fifty-two week high of $115.76. The firm has a market capitalization of $33.01 billion, a PE ratio of 31.25, a P/E/G ratio of 0.40 and a beta of 0.93. The company’s 50-day moving average is $88.19 and its 200 day moving average is $87.12.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.55. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.41 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The company’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, analysts expect that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $1.0625 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.25 annualized dividend and a dividend yield of 5.6%. Crown Castle’s payout ratio is presently 175.62%.

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.