131,044 Shares in Crown Castle Inc. $CCI Purchased by First National Bank of Omaha

Key Points

• First National Bank of Omaha acquired 131,044 Crown Castle shares during the second quarter, a stake valued at approximately $10.2 million. Institutional investors collectively own 90.77% of the company.
• Crown Castle’s latest quarterly results were mixed: revenue reached $1.01 billion, slightly exceeding estimates, but earnings per share of $0.22 missed expectations of $0.39, while revenue declined 4.9% year over year.
• The company declared a quarterly dividend of $1.0625, equivalent to an annualized $4.25 payout and a 5.7% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $95.13, above the reported share price of $74.04.

First National Bank of Omaha bought a new stake in Crown Castle Inc. (NYSE:CCI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 131,044 shares of the real estate investment trust's stock, valued at approximately $10,163,000.

Other large investors have also recently bought and sold shares of the company. Wiser Advisor Group LLC bought a new stake in shares of Crown Castle in the third quarter worth $29,000. Triumph Capital Management bought a new position in Crown Castle in the third quarter valued at $31,000. Hilton Head Capital Partners LLC grew its position 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 purchasing an additional 134 shares in the last quarter. Salomon & Ludwin LLC increased its stake in Crown Castle by 128.7% in the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 215 shares during the last quarter. Finally, MV Capital Management Inc. acquired a new stake in Crown Castle in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 90.77% of the company's stock.

Crown Castle Price Performance

CCI stock opened at $74.04 on Wednesday. The company has a fifty day moving average price of $78.90 and a two-hundred day moving average price of $84.34. Crown Castle Inc. has a one year low of $69.72 and a one year high of $104.61. The stock has a market cap of $31.50 billion, a price-to-earnings ratio of 37.58, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95.

Crown Castle (NYSE:CCI - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.22 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%. Crown Castle's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. Research analysts anticipate that Crown Castle Inc. will post 4.39 EPS for the current fiscal 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 issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Crown Castle's dividend payout ratio is currently 215.74%.

Insider Transactions at Crown Castle

In other Crown Castle news, VP Robert Sean Collins sold 1,500 shares of the firm's 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 in the company, valued at $388,025.57. This trade represents a 22.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Truist Financial reduced their price objective on shares of Crown Castle from $95.00 to $87.00 and set a "hold" rating for the company in a research note on Tuesday, July 28th. Wall Street Zen raised Crown Castle from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. KeyCorp upped their target price on Crown Castle from $98.00 to $105.00 and gave the stock an "overweight" rating in a 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 research report on Friday, July 24th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Crown Castle in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, Crown Castle has a consensus 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.

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