Jefferies Financial Group Inc. Takes $1.38 Million Position in Crown Castle Inc. $CCI

Jefferies Financial Group Inc. purchased a new stake in shares of Crown Castle Inc. (NYSE:CCI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,195 shares of the real estate investment trust’s stock, valued at approximately $1,378,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new position in shares of Crown Castle in the second quarter valued at approximately $3,326,154,000. Norges Bank acquired a new stake in shares of Crown Castle during the 4th quarter valued at about $594,670,000. Lazard Asset Management LLC raised its holdings in shares of Crown Castle by 124.2% in the 4th quarter. Lazard Asset Management LLC now owns 11,635,117 shares of the real estate investment trust’s stock worth $1,034,013,000 after buying an additional 6,445,237 shares in the last quarter. Legal & General Group Plc acquired a new stake in Crown Castle in the 2nd quarter valued at $456,897,000. Finally, Deutsche Bank AG bought a new stake in Crown Castle in the second quarter valued at $429,341,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Crown Castle

In other Crown Castle news, VP Robert Sean Collins sold 1,500 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $75.89, for a total value of $113,835.00. Following the completion of the sale, the vice president owned 5,113 shares in the company, valued at approximately $388,025.57. This trade represents a 22.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CCI has been the topic of several research reports. Jefferies Financial Group reduced their price target on shares of Crown Castle from $88.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, July 15th. Citizens Jmp decreased their price target on Crown Castle from $125.00 to $120.00 and set a “market outperform” rating on the stock in a report on Friday, July 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a report on Wednesday, August 19th. Citigroup restated a “market outperform” rating on shares of Crown Castle in a report on Friday, July 24th. Finally, Royal Bank Of Canada cut their price target on Crown Castle from $92.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.13.

Crown Castle Trading Up 1.4%

Crown Castle stock opened at $76.09 on Friday. The company has a market capitalization of $32.37 billion, a PE ratio of 38.62, a P/E/G ratio of 0.40 and a beta of 0.95. The stock has a 50-day moving average price of $76.91 and a two-hundred day moving average price of $83.86. Crown Castle Inc. has a 12 month low of $69.72 and a 12 month high of $100.50.

Crown Castle (NYSE:CCI) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.17). Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.05 million. During the same quarter last year, the firm posted $0.67 EPS. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, analysts predict that Crown Castle Inc. will post 4.39 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.0625 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.25 annualized dividend and a dividend yield of 5.6%. Crown Castle’s dividend payout ratio is 215.74%.

Crown Castle 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.