Crown Castle Inc. $CCI Stock Sold by Andra AP fonden

Key Points

• Andra AP fonden cut its Crown Castle stake by 92.6% in the second quarter, selling 73,900 shares and retaining 5,948 shares worth approximately $450,000. Institutional investors and hedge funds still own 90.77% of CCI.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $94.37; individual targets range from $80 to $95.
• Crown Castle reported quarterly EPS of $0.69, exceeding the $0.51 estimate, and announced a quarterly dividend of $1.0625 per share, equivalent to a 6.3% annualized yield.

Andra AP fonden decreased its holdings in Crown Castle Inc. (NYSE:CCI - Free Report) by 92.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,948 shares of the real estate investment trust's stock after selling 73,900 shares during the period. Andra AP fonden's holdings in Crown Castle were worth $450,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cohen & Steers Inc. grew its holdings in Crown Castle by 11.0% in the 4th quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust's stock valued at $3,536,214,000 after buying an additional 3,953,685 shares in the last quarter. BlackRock Inc. acquired a new stake in Crown Castle during the second quarter worth about $3,326,154,000. State Street Corp increased its position in Crown Castle by 0.9% during the second quarter. State Street Corp now owns 23,023,394 shares of the real estate investment trust's stock worth $1,743,562,000 after purchasing an additional 211,633 shares during the last quarter. Geode Capital Management LLC raised its stake in Crown Castle by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 13,027,749 shares of the real estate investment trust's stock worth $1,156,972,000 after purchasing an additional 184,533 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in Crown Castle by 15.7% in the 1st quarter. Lazard Asset Management LLC now owns 13,463,182 shares of the real estate investment trust's stock valued at $1,094,691,000 after purchasing an additional 1,828,065 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Crown Castle

In other 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 sale, the vice president directly owned 5,113 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CCI shares. Morgan Stanley set a $85.00 price target on shares of Crown Castle in a research note on Monday. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Crown Castle in a research report on Wednesday, August 19th. TD Cowen decreased their price objective on Crown Castle from $94.00 to $92.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $80.00 price objective (down from $85.00) on shares of Crown Castle in a research report on Monday, September 14th. Finally, The Goldman Sachs Group started coverage on Crown Castle in a research note on Friday, June 26th. They set a "neutral" rating and a $95.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $94.37.

Crown Castle Stock Performance

Crown Castle stock opened at $67.58 on Friday. The company has a market capitalization of $28.75 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 0.65 and a beta of 0.95. Crown Castle Inc. has a fifty-two week low of $67.54 and a fifty-two week high of $100.50. The firm has a 50 day moving average price of $75.09 and a 200 day moving average price of $81.92.

Crown Castle (NYSE:CCI - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.18. The company had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $995.05 million. Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The firm's revenue was down 4.9% compared to the same quarter last year. During the same period 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. As a group, equities research analysts forecast that Crown Castle Inc. will post 4.38 earnings per share for the current year.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given 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 dividend yield of 6.3%. Crown Castle's dividend payout ratio is currently 215.74%.

Crown Castle Profile

Crown Castle Inc NYSE: CCI is a communications infrastructure company that owns, operates and leases shared wireless infrastructure in the United States. Its assets support wireless carriers, broadcasters, government agencies and other communications providers by enabling the transmission of voice, data and video services.

The company's primary infrastructure includes cell towers and other tower sites that host antennas and related equipment. Crown Castle has also developed and operated fiber networks and small-cell systems, which help wireless providers expand network capacity and coverage in densely populated areas and along high-traffic corridors.

Founded in 1994 and headquartered in Houston, Texas, Crown Castle has historically served customers across major U.S.

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