NS Partners Ltd Decreases Stake in Crown Castle Inc. $CCI

NS Partners Ltd lessened its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 4.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 146,359 shares of the real estate investment trust’s stock after selling 7,326 shares during the quarter. NS Partners Ltd’s holdings in Crown Castle were worth $11,084,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Moore Capital Management LP purchased a new position in shares of Crown Castle in the 2nd quarter valued at $4,480,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Crown Castle by 18,599.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,872,994 shares of the real estate investment trust’s stock valued at $293,302,000 after buying an additional 3,852,282 shares in the last quarter. New Mexico Educational Retirement Board raised its holdings in shares of Crown Castle by 8.0% during the 2nd quarter. New Mexico Educational Retirement Board now owns 21,700 shares of the real estate investment trust’s stock valued at $1,643,000 after buying an additional 1,600 shares during the period. Royal London Asset Management Ltd. lifted its position in Crown Castle by 0.9% during the 2nd quarter. Royal London Asset Management Ltd. now owns 209,635 shares of the real estate investment trust’s stock worth $15,876,000 after acquiring an additional 1,808 shares in the last quarter. Finally, Mufg Securities Americas Inc. grew its position in Crown Castle by 9.1% in the second quarter. Mufg Securities Americas Inc. now owns 13,146 shares of the real estate investment trust’s stock valued at $996,000 after acquiring an additional 1,096 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Trading Up 0.1%

Shares of NYSE CCI opened at $76.25 on Tuesday. Crown Castle Inc. has a 12-month low of $69.72 and a 12-month high of $100.50. The company has a market cap of $32.44 billion, a price-to-earnings ratio of 38.71, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. The stock’s 50 day simple moving average is $76.78 and its 200 day simple moving average is $83.81.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.17). Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The company 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 business’s quarterly revenue was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, equities analysts forecast that Crown Castle Inc. will post 4.39 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.25 annualized dividend and a dividend yield of 5.6%. Crown Castle’s payout ratio is currently 215.74%.

Insider Activity at Crown Castle

In related news, VP Robert Sean Collins sold 1,500 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were 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 of the company’s stock, valued at $388,025.57. This represents a 22.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CCI has been the subject of several analyst reports. BMO Capital Markets decreased their target price on shares of Crown Castle from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Wolfe Research downgraded Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, May 20th. Jefferies Financial Group reduced their price target on Crown Castle from $88.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, July 15th. Barclays lifted their price objective on Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a research report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.