Cullen Capital Management LLC Takes Position in Crown Castle Inc. $CCI

Cullen Capital Management LLC acquired a new position in Crown Castle Inc. (NYSE:CCI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,026,370 shares of the real estate investment trust’s stock, valued at approximately $77,727,000. Cullen Capital Management LLC owned approximately 0.24% of Crown Castle at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wiser Advisor Group LLC purchased a new position in Crown Castle during the third quarter valued at $29,000. Triumph Capital Management bought a new position in shares of Crown Castle in the third quarter worth about $31,000. Hilton Head Capital Partners LLC grew its stake in shares of Crown Castle by 55.6% during the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 134 shares during the period. MV Capital Management Inc. bought a new position in shares of Crown Castle during the 4th quarter valued at approximately $34,000. Finally, Global Assets Advisory LLC purchased a new stake in Crown Castle in the 1st quarter worth approximately $32,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Up 1.2%

Crown Castle stock opened at $76.38 on Tuesday. The company’s 50-day moving average price is $77.61 and its 200-day moving average price is $84.05. The company has a market cap of $32.50 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. Crown Castle Inc. has a twelve month low of $69.72 and a twelve month high of $104.08.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.17). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate 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 was down 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, sell-side analysts expect that Crown Castle Inc. will post 4.39 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crown Castle in a report on Wednesday, August 19th. Citizens Jmp reduced their price objective on shares of Crown Castle from $125.00 to $120.00 and set a “market outperform” rating for the company in a research note on Friday, July 24th. Truist Financial decreased their price objective on shares of Crown Castle from $95.00 to $87.00 and set a “hold” rating on the stock in a research report on Tuesday, July 28th. Wolfe Research cut shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Crown Castle from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.13.

Insider Activity at Crown Castle

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

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.