NEOS Investment Management LLC Has $12.18 Million Position in Crown Castle Inc. $CCI

NEOS Investment Management LLC lifted its position in shares of Crown Castle Inc. (NYSE:CCI) by 6.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 160,862 shares of the real estate investment trust’s stock after acquiring an additional 9,734 shares during the period. NEOS Investment Management LLC’s holdings in Crown Castle were worth $12,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wiser Advisor Group LLC acquired a new position in Crown Castle during the third quarter valued at approximately $29,000. Pingora Partners LLC bought a new stake in Crown Castle during the second quarter worth $30,000. Hilton Head Capital Partners LLC boosted its holdings in shares of Crown Castle by 55.6% in 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 purchasing an additional 134 shares in the last quarter. Triumph Capital Management acquired a new stake in shares of Crown Castle in the 3rd quarter valued at $31,000. Finally, Global Assets Advisory LLC bought a new position in shares of Crown Castle in the 1st quarter valued at $32,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Performance

Shares of NYSE:CCI opened at $75.75 on Friday. Crown Castle Inc. has a 52-week low of $69.72 and a 52-week high of $100.50. The company has a market capitalization of $32.23 billion, a PE ratio of 38.45, a price-to-earnings-growth ratio of 0.68 and a beta of 0.95. The company has a fifty day moving average of $76.28 and a 200-day moving average of $83.50.

Crown Castle (NYSE:CCI) last released its quarterly earnings data 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). The firm had revenue of $1.01 billion for 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 company’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. On average, equities analysts forecast that Crown Castle Inc. will post 4.39 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis 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%.

Insider Buying and Selling at Crown Castle

In other news, VP Robert Collins sold 1,500 shares of the business’s 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

CCI has been the subject of a number of research analyst reports. The Goldman Sachs Group assumed coverage on Crown Castle in a report on Friday, June 26th. They set a “neutral” rating and a $95.00 price target for the company. Wolfe Research cut Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. Royal Bank Of Canada lowered their target price on Crown Castle from $92.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Jefferies Financial Group dropped their target price on shares of Crown Castle from $88.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, July 15th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research note on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Crown Castle has an average rating of “Moderate Buy” and an average price target 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.