CI Investments Inc. Increases Stake in Crown Castle Inc. $CCI

CI Investments Inc. increased its position in shares of Crown Castle Inc. (NYSE:CCI) by 7.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 198,247 shares of the real estate investment trust’s stock after buying an additional 13,352 shares during the period. CI Investments Inc.’s holdings in Crown Castle were worth $16,119,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position 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 worth $1,714,000 after acquiring an additional 1,150 shares in the last quarter. First Trust Advisors LP lifted its stake in Crown Castle by 6.9% during the second quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust’s stock worth $9,000,000 after purchasing an additional 5,630 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in Crown Castle by 3.7% in the second 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 boosted its holdings in Crown Castle by 49.3% in the second 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 stake in Crown Castle by 5.6% in the second 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 during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Trending Headlines about Crown Castle

Here are the key news stories impacting Crown Castle this week:

• Positive Sentiment: Crown Castle reported quarterly FFO of $1.13 per share, beating the Zacks consensus estimate of $1.00, while revenue of about $1.01 billion also came in slightly above expectations.
• Positive Sentiment: The company raised its full-year 2026 EPS guidance to $4.53-$4.65, above the prior outlook and above analyst expectations, signaling better-than-expected earnings momentum.
• Positive Sentiment: Management also nudged up its 2026 AFFO outlook and increased expected net income, suggesting stronger cash generation and profitability than previously forecast.
• Neutral Sentiment: Reported quarterly EPS of $0.22 missed one consensus estimate, but the miss appears less important to investors than the stronger FFO and guidance update.
• Neutral Sentiment: Year-over-year revenue was still down 4.9%, indicating the core business remains under some pressure even as earnings expectations improve.

Crown Castle Price Performance

Shares of NYSE:CCI opened at $77.73 on Thursday. The stock has a market cap of $33.93 billion, a P/E ratio of 32.12, a P/E/G ratio of 0.39 and a beta of 0.95. The firm has a fifty day moving average price of $84.87 and a 200 day moving average price of $85.91. Crown Castle Inc. has a 1-year low of $73.75 and a 1-year high of $115.76.

Crown Castle (NYSE:CCI) last posted 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 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 analyst estimates of $995.41 million. During the same period in the previous year, the business posted $1.10 earnings per share. Crown Castle’s quarterly revenue was down 4.9% on a year-over-year basis. Sell-side analysts expect that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $1.0625 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.5%. Crown Castle’s dividend payout ratio (DPR) is currently 175.62%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Scotiabank cut their price target on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 7th. Jefferies Financial Group boosted their price target on shares of Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a research report on Tuesday, April 14th. Finally, The Goldman Sachs Group started coverage on Crown Castle in a report on Friday, June 26th. They set a “neutral” rating and a $95.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.