Crown Castle Inc. $CCI Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lessened its stake in Crown Castle Inc. (NYSE:CCI - Free Report) by 7.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 450,800 shares of the real estate investment trust's stock after selling 38,827 shares during the period. Anchor Capital Advisors LLC owned about 0.11% of Crown Castle worth $34,139,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCI. Empowered Funds LLC boosted its position in shares of Crown Castle by 7.5% during the first quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust's stock worth $1,714,000 after buying an additional 1,150 shares during the period. First Trust Advisors LP raised its holdings in shares of Crown Castle by 6.9% in the 2nd quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust's stock valued at $9,000,000 after buying an additional 5,630 shares during the period. Baird Financial Group Inc. lifted its stake in Crown Castle by 3.7% during the 2nd 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 in the last quarter. Jump Financial LLC lifted its stake in Crown Castle by 49.3% during the 2nd quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust's stock worth $1,121,000 after acquiring an additional 3,603 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Crown Castle by 5.6% during the 2nd 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 during the period. Hedge funds and other institutional investors own 90.77% of the company's stock.

Crown Castle Stock Performance

Shares of Crown Castle stock opened at $75.75 on Tuesday. The business has a 50-day simple moving average of $76.23 and a 200-day simple moving average of $83.33. Crown Castle Inc. has a one year low of $69.72 and a one year high of $100.50. The company has a market cap of $32.23 billion, a PE ratio of 38.45, a P/E/G ratio of 0.68 and a beta of 0.95.

Crown Castle (NYSE:CCI - Get Free Report) last issued 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 firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.05 million. During the same period last year, the business earned $0.67 EPS. The firm's revenue was down 4.9% compared to the same quarter last year. 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 fiscal year.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Tuesday, September 15th. Crown Castle's dividend payout ratio (DPR) is presently 215.74%.

Insider Activity

In related news, VP Robert Collins sold 1,500 shares of the stock in a transaction on Friday, August 7th. The stock was 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 of the company's stock, valued at $388,025.57. This represents a 22.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

CCI has been the subject of several research reports. Royal Bank Of Canada dropped their target price on Crown Castle from $92.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, July 23rd. BMO Capital Markets reduced their price target on shares of Crown Castle from $100.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, July 20th. Wall Street Zen raised shares of Crown Castle from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. Truist Financial dropped their price objective on shares of Crown Castle from $95.00 to $87.00 and set a "hold" rating for the company in a report on Tuesday, July 28th. Finally, The Goldman Sachs Group assumed coverage on shares of Crown Castle in a research note on Friday, June 26th. They set a "neutral" rating and a $95.00 target price on the stock. Two equities research 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 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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