Empowered Funds LLC Makes New Investment in Crown Castle Inc. $CCI

Key Points

• Empowered Funds LLC acquired 51,970 Crown Castle shares worth approximately $3.94 million during the second quarter. Institutional investors and hedge funds collectively own 90.77% of CCI stock.
• Crown Castle reported quarterly EPS of $0.22, below the $0.39 analyst estimate, while revenue reached $1.01 billion and declined 4.9% year over year. The company provided fiscal 2026 EPS guidance of $4.53–$4.65.
• The company declared a quarterly dividend of $1.0625, or $4.25 annualized, representing a 5.6% yield; analysts maintain a consensus “Moderate Buy” rating with a $95.13 price target versus the stock’s $76.25 opening price.

Empowered Funds LLC bought a new stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 51,970 shares of the real estate investment trust's stock, valued at approximately $3,936,000.

A number of other large investors also recently made changes to their positions in the business. Wiser Advisor Group LLC acquired a new stake in shares of Crown Castle during the third quarter worth approximately $29,000. Triumph Capital Management acquired a new position in Crown Castle in the 3rd quarter valued at approximately $31,000. Hilton Head Capital Partners LLC increased 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 valued at $31,000 after buying an additional 134 shares during the period. MV Capital Management Inc. purchased a new stake in Crown Castle in the 4th quarter worth approximately $34,000. Finally, Global Assets Advisory LLC purchased a new stake in Crown Castle in the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 90.77% of the company's stock.

Crown Castle Stock Up 0.1%

CCI stock opened at $76.25 on Tuesday. The firm has a 50 day moving average of $76.78 and a two-hundred day moving average of $83.81. Crown Castle Inc. has a 12 month low of $69.72 and a 12 month high of $100.50. The company has a market capitalization of $32.44 billion, a price-to-earnings ratio of 38.71, a P/E/G ratio of 0.40 and a beta of 0.95.

Crown Castle (NYSE:CCI - Get Free Report) last released its quarterly 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). The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.05 million. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The firm's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 EPS. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. On average, research analysts expect that Crown Castle Inc. will post 4.39 EPS for the current fiscal year.

Crown Castle Announces Dividend

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 given a $1.0625 dividend. 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 5.6%. Crown Castle's payout ratio is currently 215.74%.

Insider Buying and Selling at Crown Castle

In other news, VP Robert Sean Collins sold 1,500 shares of the company's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $113,835.00. Following the completion of the sale, the vice president owned 5,113 shares in the company, valued at approximately $388,025.57. This represents a 22.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CCI shares. Citizens Jmp lowered their price target on shares of Crown Castle from $125.00 to $120.00 and set a "market outperform" rating on the stock in a report on Friday, July 24th. TD Cowen dropped their price target on shares of Crown Castle from $94.00 to $92.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Citigroup reiterated a "market outperform" rating on shares of Crown Castle in a report on Friday, July 24th. Weiss Ratings reissued a "hold (c-)" rating on shares of Crown Castle in a research report on Wednesday, August 19th. Finally, Jefferies Financial Group lowered their target price on Crown Castle from $88.00 to $82.00 and set a "hold" rating on the stock in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $95.13.

About Crown Castle

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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