Intact Investment Management Inc. Increases Stock Position in Crown Castle Inc. $CCI

Intact Investment Management Inc. lifted its holdings in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 23.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,400 shares of the real estate investment trust's stock after buying an additional 16,900 shares during the quarter. Intact Investment Management Inc.'s holdings in Crown Castle were worth $7,945,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Empowered Funds LLC lifted its stake in Crown Castle by 7.5% in the 1st quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust's stock worth $1,714,000 after purchasing an additional 1,150 shares in the last quarter. First Trust Advisors LP lifted its stake in 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 worth $9,000,000 after purchasing an additional 5,630 shares in the last quarter. Baird Financial Group Inc. lifted its stake in Crown Castle by 3.7% in the 2nd quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust's stock worth $786,000 after purchasing an additional 272 shares in the last quarter. Jump Financial LLC lifted its stake in Crown Castle by 49.3% in the 2nd quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust's stock worth $1,121,000 after purchasing an additional 3,603 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in Crown Castle by 5.6% in the 2nd quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust's stock worth $509,000 after purchasing an additional 261 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Price Performance

Shares of NYSE:CCI opened at $89.38 on Monday. The company's fifty day moving average price is $85.81 and its 200-day moving average price is $88.16. The firm has a market capitalization of $39.00 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 0.45 and a beta of 0.93. Crown Castle Inc. has a one year low of $75.96 and a one year high of $115.76.

Crown Castle (NYSE:CCI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.55. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.42 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The business'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 firm earned $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, equities research analysts expect that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a $1.0625 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.8%. Crown Castle's dividend payout ratio is presently 175.62%.

Insiders Place Their Bets

In other news, VP Robert Sean Collins sold 3,000 shares of the stock in a transaction on Friday, February 27th. The shares were sold at an average price of $87.49, for a total value of $262,470.00. Following the transaction, the vice president owned 5,800 shares of the company's stock, valued at $507,442. This represents a 34.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Edward B. Adams, Jr. sold 4,650 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total transaction of $401,481.00. Following the completion of the transaction, the executive vice president directly owned 25,183 shares in the company, valued at $2,174,300.22. The trade was a 15.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CCI shares. Truist Financial started coverage on shares of Crown Castle in a research note on Tuesday, March 31st. They issued a "hold" rating and a $90.00 target price on the stock. Wells Fargo & Company reiterated an "equal weight" rating and issued a $85.00 target price (down from $90.00) on shares of Crown Castle in a research note on Monday, March 23rd. Barclays lowered their target price on shares of Crown Castle from $101.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 17th. Sanford C. Bernstein started coverage on shares of Crown Castle in a research note on Thursday, March 5th. They issued an "outperform" rating and a $102.00 target price on the stock. Finally, The Goldman Sachs Group lowered their target price on shares of Crown Castle from $105.00 to $95.00 and set a "neutral" rating on the stock in a research note on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Crown Castle currently has an average rating of "Moderate Buy" and a consensus target price of $99.34.

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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