Infrastructure Capital Advisors LLC Invests $1.33 Million in Crown Castle Inc. $CCI

Infrastructure Capital Advisors LLC bought a new stake in shares of Crown Castle Inc. (NYSE:CCI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,540 shares of the real estate investment trust’s stock, valued at approximately $1,328,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Crown Castle by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 69,769,393 shares of the real estate investment trust’s stock worth $6,200,406,000 after purchasing an additional 386,733 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Crown Castle in the second quarter worth about $3,326,154,000. Cohen & Steers Inc. lifted its stake in shares of Crown Castle by 11.0% in the 4th quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock valued at $3,536,214,000 after acquiring an additional 3,953,685 shares during the last quarter. State Street Corp boosted its holdings in Crown Castle by 2.4% during the 4th quarter. State Street Corp now owns 22,239,559 shares of the real estate investment trust’s stock valued at $1,976,430,000 after acquiring an additional 511,018 shares during the period. Finally, Wellington Management Group LLP raised its position in Crown Castle by 2.8% during the 4th quarter. Wellington Management Group LLP now owns 13,986,852 shares of the real estate investment trust’s stock valued at $1,243,012,000 after purchasing an additional 380,419 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Up 0.0%

NYSE CCI opened at $75.53 on Monday. The company has a 50-day moving average price of $77.86 and a 200-day moving average price of $84.10. Crown Castle Inc. has a 52 week low of $69.72 and a 52 week high of $104.61. The firm has a market capitalization of $32.13 billion, a P/E ratio of 38.34, a PEG ratio of 0.40 and a beta of 0.95.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.05 million. During the same quarter in the previous year, the business posted $0.67 earnings per share. The firm’s revenue 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, equities research analysts anticipate that Crown Castle Inc. will post 4.39 EPS for the current year.

Crown Castle Announces Dividend

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

Insider Activity at Crown Castle

In other news, VP Robert Sean Collins sold 1,500 shares of Crown Castle stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $113,835.00. Following the transaction, the vice president directly owned 5,113 shares of the company’s stock, valued at $388,025.57. The trade was a 22.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CCI has been the topic of a number of recent analyst reports. Truist Financial cut their price objective on Crown Castle from $95.00 to $87.00 and set a “hold” rating on the stock in a research report on Tuesday, July 28th. Royal Bank Of Canada lowered their target price on shares of Crown Castle from $92.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, July 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a research report on Wednesday. Finally, TD Cowen decreased their target price on Crown Castle from $94.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Two 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 stock. Based on data from MarketBeat.com, Crown Castle presently has an average rating of “Moderate Buy” and an average target price of $95.13.

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.