Crown Castle Inc. $CCI Holdings Lowered by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Crown Castle Inc. by 11.6%, selling 9,700 shares in the first quarter.
• Several large investors, including Opal Wealth Advisors and Iron Horse Wealth Management, initiated positions in Crown Castle during the same quarter, reflecting ongoing institutional interest.
• Crown Castle reported earnings of $1.02 EPS, exceeding expectations, but saw a 4.2% decline in quarterly revenue compared to the previous year.

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,825 shares of the real estate investment trust's stock after selling 9,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Crown Castle were worth $7,695,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CCI. Opal Wealth Advisors LLC bought a new stake in Crown Castle in the first quarter valued at $26,000. Iron Horse Wealth Management LLC bought a new stake in Crown Castle in the first quarter valued at $26,000. Centerpoint Advisors LLC bought a new stake in Crown Castle in the first quarter valued at $26,000. Stone House Investment Management LLC bought a new stake in Crown Castle in the first quarter valued at $27,000. Finally, American National Bank & Trust bought a new stake in Crown Castle in the first quarter valued at $29,000. Institutional investors own 90.77% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. UBS Group boosted their price objective on Crown Castle from $124.00 to $127.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $124.00 target price (up previously from $122.00) on shares of Crown Castle in a research note on Thursday, July 24th. JMP Securities reissued a "market outperform" rating and issued a $125.00 price target on shares of Crown Castle in a research note on Thursday, July 24th. Wall Street Zen raised Crown Castle from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Finally, BMO Capital Markets raised shares of Crown Castle from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $115.00 to $120.00 in a report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Crown Castle has a consensus rating of "Moderate Buy" and an average price target of $116.41.

Crown Castle Price Performance

Shares of Crown Castle stock traded up $1.7610 on Tuesday, hitting $102.3110. The company had a trading volume of 2,597,378 shares, compared to its average volume of 3,237,153. The business has a 50-day simple moving average of $103.59 and a 200-day simple moving average of $100.42. The company has a market cap of $44.55 billion, a PE ratio of -9.59, a PEG ratio of 0.77 and a beta of 0.89. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92.

Crown Castle (NYSE:CCI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 EPS for the quarter, topping the consensus estimate of $1.00 by $0.02. Crown Castle had a negative net margin of 85.54% and a negative return on equity of 619.62%. The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same period in the previous year, the business earned $1.62 earnings per share. Crown Castle's revenue for the quarter was down 4.2% compared to the same quarter last year. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. On average, equities research analysts predict that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Monday, September 15th. Crown Castle's dividend payout ratio (DPR) is presently -39.83%.

Crown Castle Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them.