Alyeska Investment Group L.P. Cuts Stake in Crown Castle Inc. $CCI

Alyeska Investment Group L.P. lowered its holdings in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,003,761 shares of the real estate investment trust's stock after selling 112,884 shares during the period. Alyeska Investment Group L.P. owned about 0.24% of Crown Castle worth $76,015,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wiser Advisor Group LLC purchased a new stake in Crown Castle during the 3rd quarter valued at about $29,000. Triumph Capital Management purchased a new position in Crown Castle in the 3rd quarter worth approximately $31,000. Hilton Head Capital Partners LLC lifted 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 during the last quarter. MV Capital Management Inc. bought a new stake in Crown Castle in the fourth quarter valued at approximately $34,000. Finally, Global Assets Advisory LLC purchased a new stake in shares of Crown Castle during the first quarter valued at approximately $32,000. Institutional investors own 90.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CCI shares. Citigroup reiterated a "market outperform" rating on shares of Crown Castle in a report on Friday, July 24th. JPMorgan Chase & Co. cut their price target on shares of Crown Castle from $95.00 to $85.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. Weiss Ratings restated a "hold (c-)" rating on shares of Crown Castle in a research report on Wednesday, August 19th. TD Cowen lowered their price objective on shares of Crown Castle from $94.00 to $92.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd. Finally, 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. Two equities 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.13.

Crown Castle Trading Up 1.4%

Shares of NYSE CCI opened at $76.09 on Friday. Crown Castle Inc. has a 12 month low of $69.72 and a 12 month high of $100.50. The firm has a market capitalization of $32.37 billion, a PE ratio of 38.62, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. The firm has a fifty day simple moving average of $76.91 and a two-hundred day simple moving average of $83.86.

Crown Castle (NYSE:CCI - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share 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 for the quarter, compared to the consensus estimate of $995.05 million. During the same period in the previous year, the firm posted $0.67 EPS. The company's revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. On average, sell-side analysts predict that Crown Castle Inc. will post 4.39 earnings per share for the current year.

Crown Castle Dividend Announcement

The company also recently disclosed 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. 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 215.74%.

Insider Transactions at Crown Castle

In other news, VP Robert Sean Collins sold 1,500 shares of the business's stock in a transaction 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 sale, 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 filing with the SEC, which is accessible 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.

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