1,898,900 Shares in Crown Castle Inc. $CCI Purchased by Milford Funds Ltd.

Milford Funds Ltd. bought a new position in shares of Crown Castle Inc. (NYSE:CCI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,898,900 shares of the real estate investment trust’s stock, valued at approximately $168,755,000. Crown Castle makes up approximately 3.3% of Milford Funds Ltd.’s portfolio, making the stock its 7th largest position. Milford Funds Ltd. owned 0.44% of Crown Castle at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wiser Advisor Group LLC purchased a new position in Crown Castle during the 3rd quarter worth approximately $29,000. Triumph Capital Management purchased a new position in shares of Crown Castle in the 3rd quarter valued at approximately $31,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Crown Castle in the 3rd quarter valued at approximately $31,000. Salomon & Ludwin LLC boosted its stake in shares of Crown Castle by 128.7% in the fourth quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 215 shares in the last quarter. Finally, Aventura Private Wealth LLC purchased a new stake in shares of Crown Castle in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Trading Down 0.0%

Shares of Crown Castle stock opened at $92.02 on Friday. Crown Castle Inc. has a twelve month low of $75.96 and a twelve month high of $115.76. The stock has a market capitalization of $40.16 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 0.47 and a beta of 0.93. The business’s 50 day simple moving average is $89.02 and its 200-day simple moving average is $87.72.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.42 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Sell-side analysts predict that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given 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 yield of 4.6%. Crown Castle’s dividend payout ratio (DPR) is 175.62%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. BMO Capital Markets lifted their price target on Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Wells Fargo & Company restated an “equal weight” rating and issued a $85.00 price target (down from $90.00) on shares of Crown Castle in a research note on Monday, March 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. Truist Financial assumed coverage on Crown Castle in a research note on Tuesday, March 31st. They issued a “hold” rating and a $90.00 price target on the stock. Finally, Sanford C. Bernstein initiated coverage on Crown Castle in a research note on Thursday, March 5th. They issued an “outperform” rating and a $102.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Crown Castle has a consensus 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.