Ontario Teachers Pension Plan Board Invests $126.34 Million in Crown Castle Inc. $CCI

Ontario Teachers Pension Plan Board bought a new stake in shares of Crown Castle Inc. (NYSE:CCI) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 1,668,256 shares of the real estate investment trust’s stock, valued at approximately $126,337,000. Crown Castle accounts for approximately 0.8% of Ontario Teachers Pension Plan Board’s holdings, making the stock its 18th largest holding.

Other large investors have also recently made changes to their positions in the company. Wiser Advisor Group LLC purchased a new stake in Crown Castle during the third quarter worth $29,000. Hilton Head Capital Partners LLC increased its holdings in Crown Castle by 55.6% in the first quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 134 shares in the last quarter. Triumph Capital Management purchased a new position in Crown Castle in the third quarter valued at $31,000. Global Assets Advisory LLC acquired a new position in shares of Crown Castle in the first quarter worth about $32,000. Finally, Salomon & Ludwin LLC boosted its stake 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 acquiring an additional 215 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Crown Castle

In related news, VP Robert Sean Collins sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $113,835.00. Following the completion of the sale, the vice president directly owned 5,113 shares in the company, valued at approximately $388,025.57. The trade was a 22.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CCI shares. KeyCorp raised their target price on Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Citizens Jmp reduced their price target on Crown Castle from $125.00 to $120.00 and set a “market outperform” rating for the company in a report on Friday, July 24th. Citigroup reiterated a “market outperform” rating on shares of Crown Castle in a research report on Friday, July 24th. Royal Bank Of Canada dropped their price objective on Crown Castle from $92.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Finally, BMO Capital Markets cut their price objective on Crown Castle from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Crown Castle has a consensus rating of “Moderate Buy” and a consensus target price of $95.13.

Crown Castle Stock Down 0.5%

CCI opened at $74.04 on Wednesday. The company has a market cap of $31.50 billion, a price-to-earnings ratio of 37.58, a PEG ratio of 0.40 and a beta of 0.95. Crown Castle Inc. has a 52-week low of $69.72 and a 52-week high of $104.61. The firm’s fifty day simple moving average is $78.90 and its two-hundred day simple moving average is $84.34.

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

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 5.7%. The ex-dividend date is Tuesday, September 15th. Crown Castle’s payout ratio is presently 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.