North Dakota State Investment Board Makes New $1.32 Million Investment in Crown Castle Inc. $CCI

North Dakota State Investment Board purchased a new position in shares of Crown Castle Inc. (NYSE:CCI) during the 4th quarter, Holdings Channel.com reports. The fund purchased 14,878 shares of the real estate investment trust’s stock, valued at approximately $1,322,000.

Several other institutional investors have also recently made changes to their positions in CCI. LRI Investments LLC acquired a new position in shares of Crown Castle during the 3rd quarter worth approximately $29,000. Wiser Advisor Group LLC acquired a new position in shares of Crown Castle during the 3rd quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Crown Castle during the 3rd quarter worth approximately $31,000. Triumph Capital Management acquired a new position in shares of Crown Castle during the 3rd quarter worth approximately $31,000. Finally, Salomon & Ludwin LLC increased its position in shares of 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 purchasing an additional 215 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Trading Up 2.7%

NYSE:CCI opened at $92.39 on Wednesday. The stock has a market cap of $40.32 billion, a P/E ratio of 38.18, a PEG ratio of 0.46 and a beta of 0.93. The stock has a 50 day simple moving average of $86.03 and a 200 day simple moving average of $87.58. Crown Castle Inc. has a 1-year low of $75.96 and a 1-year high of $115.76.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, beating 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 firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.42 million. During the same period in the prior year, the firm posted $1.10 EPS. The company’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. As a group, sell-side analysts forecast that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Friday, March 13th. Crown Castle’s dividend payout ratio is currently 175.62%.

Insiders Place Their Bets

In other Crown Castle news, VP Robert Sean Collins sold 3,000 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $87.49, for a total value of $262,470.00. Following the transaction, the vice president directly owned 5,800 shares of the company’s stock, valued at $507,442. This represents a 34.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Edward B. Adams, Jr. sold 4,650 shares of the company’s stock in a transaction on 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 directly owned 25,183 shares in the company, valued at approximately $2,174,300.22. This represents a 15.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

CCI has been the topic of a number of recent analyst reports. Zacks Research raised Crown Castle from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Sanford C. Bernstein initiated coverage on Crown Castle in a report on Thursday, March 5th. They set an “outperform” rating and a $102.00 target price on the stock. Truist Financial assumed coverage on shares of Crown Castle in a report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 price objective on the stock. Weiss Ratings raised shares of Crown Castle from a “sell (d)” rating to a “hold (c-)” rating in a research report on Tuesday, February 24th. Finally, KeyCorp lifted their target price on shares of Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $98.52.

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.