B. Metzler seel. Sohn & Co. AG Invests $3.18 Million in Crown Castle Inc. $CCI

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 41,977 Crown Castle shares worth approximately $3.18 million during the second quarter. Institutional investors collectively own 90.77% of the REIT.
• Crown Castle’s latest quarterly results fell short of expectations, with EPS of $0.22 versus the $0.39 consensus estimate and revenue down 4.9% year over year to $1.01 billion.
• The company declared a quarterly dividend of $1.0625 per share, equivalent to a 5.6% annualized yield, while analysts maintain a “Moderate Buy” consensus and an average price target of $95.13.

B. Metzler seel. Sohn & Co. AG acquired a new stake in Crown Castle Inc. (NYSE:CCI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 41,977 shares of the real estate investment trust's stock, valued at approximately $3,179,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Empowered Funds LLC grew its holdings in Crown Castle by 7.5% during the 1st quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust's stock valued at $1,714,000 after buying an additional 1,150 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Crown Castle by 6.9% in the second quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust's stock worth $9,000,000 after acquiring an additional 5,630 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Crown Castle by 3.7% in the second quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust's stock worth $786,000 after acquiring an additional 272 shares during the last quarter. Jump Financial LLC lifted its position in shares of Crown Castle by 49.3% in the second quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust's stock valued at $1,121,000 after acquiring an additional 3,603 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Crown Castle by 5.6% in the second quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust's stock valued at $509,000 after acquiring an additional 261 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Crown Castle news, VP Robert Sean Collins sold 1,500 shares of Crown Castle stock in a transaction on Friday, August 7th. The shares were sold at an average price of $75.89, for a total value of $113,835.00. Following the transaction, the vice president owned 5,113 shares in the company, valued at $388,025.57. This trade represents a 22.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.

Crown Castle Trading Up 0.2%

Crown Castle stock opened at $75.53 on Friday. The stock has a fifty day moving average price of $77.86 and a 200 day moving average price of $84.11. Crown Castle Inc. has a 52 week low of $69.72 and a 52 week high of $104.61. The firm has a market capitalization of $32.13 billion, a P/E ratio of 38.34, a PEG ratio of 0.40 and a beta of 0.95.

Crown Castle (NYSE:CCI - Get Free Report) last issued its quarterly 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 negative return on equity of 51.60% and a net margin of 20.71%.The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.05 million. During the same period in the previous year, the business posted $0.67 earnings per share. The firm's quarterly revenue was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, equities analysts predict that Crown Castle Inc. will post 4.39 EPS for the current year.

Crown Castle Dividend Announcement

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 paid a dividend of $1.0625 per share. The ex-dividend date of this dividend 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 (DPR) is currently 215.74%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. TD Cowen dropped their price objective on Crown Castle from $94.00 to $92.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Wolfe Research lowered shares of Crown Castle from an "outperform" rating to a "peer perform" rating in a report on Wednesday, May 20th. Royal Bank Of Canada decreased their price target on shares of Crown Castle from $92.00 to $90.00 and set an "outperform" rating on the stock in a research note on Thursday, July 23rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Crown Castle in a report on Wednesday. Finally, Wall Street Zen raised shares of Crown Castle from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Two 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 stock. According to data from MarketBeat, Crown Castle currently has an average rating of "Moderate Buy" and an average price target of $95.13.

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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