Commerce Bank Acquires New Holdings in Crown Castle Inc. $CCI

Commerce Bank acquired a new stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,788 shares of the real estate investment trust's stock, valued at approximately $1,271,000.

Several other institutional investors have also recently added to or reduced their stakes in CCI. Wiser Advisor Group LLC purchased a new stake in shares of Crown Castle during the third quarter worth about $29,000. Hilton Head Capital Partners LLC grew its stake in 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 worth $31,000 after acquiring an additional 134 shares during the period. Triumph Capital Management acquired a new position in Crown Castle in the 3rd quarter valued at $31,000. Global Assets Advisory LLC purchased a new position in shares of Crown Castle during the 1st quarter worth $32,000. Finally, MV Capital Management Inc. acquired a new stake in shares of Crown Castle during the fourth quarter worth $34,000. Institutional investors and hedge funds own 90.77% of the company's stock.

Crown Castle Stock Performance

Crown Castle stock opened at $76.25 on Wednesday. Crown Castle Inc. has a one year low of $69.72 and a one year high of $102.19. The stock's 50 day moving average price is $77.38 and its 200 day moving average price is $83.98. The firm has a market capitalization of $32.44 billion, a PE ratio of 38.71, a price-to-earnings-growth ratio of 0.41 and a beta of 0.95.

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 the consensus estimate 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 business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.05 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. The firm's 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. On average, analysts forecast that Crown Castle Inc. will post 4.39 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently disclosed 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. This represents a $4.25 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Tuesday, September 15th. Crown Castle's dividend payout ratio (DPR) is 215.74%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. BMO Capital Markets dropped their target price on Crown Castle from $100.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, July 20th. Jefferies Financial Group cut their price objective on shares of Crown Castle from $88.00 to $82.00 and set a "hold" rating on the stock in a report on Wednesday, July 15th. Citigroup restated a "market outperform" rating on shares of Crown Castle in a report on Friday, July 24th. Barclays increased their price target on shares of Crown Castle from $91.00 to $92.00 and gave the stock an "equal weight" rating in a research note on Monday, May 4th. Finally, Weiss Ratings reissued 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 assigned a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $95.13.

Insider Transactions at Crown Castle

In other Crown Castle news, VP Robert Sean Collins sold 1,500 shares of Crown Castle stock in a transaction that occurred on 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 $388,025.57. The trade was a 22.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.

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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