M&T Bank Corp Sells 12,386 Shares of Crown Castle Inc. $CCI

Key Points

• M&T Bank Corp cut its stake in Crown Castle by 23.9%, selling 12,386 shares and leaving it with 39,499 shares valued at about $3.51 million.
• Crown Castle modestly beat Q1 estimates and announced a roughly $1 billion buyback plus ~$65 million of annualized cost cuts, but reiterated FY2026 guidance that includes an expected net loss and flagged DISH‑related leasing headwinds that cloud near‑term growth.
• The company pays a $4.25 annualized dividend (about a 4.9% yield) but carries a very high dividend payout ratio (~175.6%), which may raise sustainability concerns.

M&T Bank Corp cut its stake in Crown Castle Inc. (NYSE:CCI - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,499 shares of the real estate investment trust's stock after selling 12,386 shares during the period. M&T Bank Corp's holdings in Crown Castle were worth $3,510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC bought a new position in Crown Castle in the third quarter worth approximately $29,000. Wiser Advisor Group LLC purchased a new position in shares of Crown Castle in the 3rd quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Crown Castle during the 3rd quarter worth approximately $31,000. Triumph Capital Management bought a new position in shares of Crown Castle during the 3rd quarter worth approximately $31,000. Finally, Salomon & Ludwin LLC raised its stake in shares of Crown Castle by 128.7% during the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 215 shares in the last quarter. Institutional investors own 90.77% of the company's stock.

Trending Headlines about Crown Castle

Here are the key news stories impacting Crown Castle this week:

• Positive Sentiment: Q1 FFO, AFFO and revenue modestly beat estimates, showing resilience in cash flow and leasing trends despite challenges. Crown Castle (CCI) Q1 FFO and Revenues Surpass Estimates
• Positive Sentiment: Management announced a ~ $1B buyback plan and ~$65M of annualized cost reductions, which support shareholder returns and margin improvement. Crown Castle reiterates 2026 outlook with ~$1B buyback plan
• Positive Sentiment: Analysts are showing support: Bernstein reaffirmed a Buy and Raymond James raised its price target (to $108, strong‑buy), providing potential upside from upgrades. Bernstein Reaffirms Their Buy Rating on Crown Castle (CCI) Raymond James adjusts Crown Castle price target
• Neutral Sentiment: Company is progressing with strategic asset sales and refocusing on the tower business—moves that could reshape growth profile but take time to realize value. How Investors May Respond To Crown Castle
• Negative Sentiment: Management reiterated FY 2026 guidance that includes an expected net loss ($640M–$920M), keeping near‑term earnings visibility weak and likely pressuring valuation multiples. How Investors May Respond To Crown Castle
• Negative Sentiment: DISH Network–related headwinds remain a material risk to tower leasing and long‑term growth, and analysts continue to flag tower‑growth concerns despite the quarter's beat. Crown Castle Q1 AFFO & Sales Beat Estimates Despite DISH Headwinds Crown Castle earnings on deck as tower growth concerns linger

Crown Castle Stock Performance

Shares of NYSE CCI opened at $86.35 on Monday. The firm has a market cap of $37.68 billion, a PE ratio of 35.68, a PEG ratio of 0.44 and a beta of 0.94. The firm has a fifty day moving average of $86.05 and a 200 day moving average of $88.46. 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 posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.55. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.42 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The company's revenue for the quarter was down 4.9% on a year-over-year basis. During the same period last year, the firm posted $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, equities analysts predict that Crown Castle Inc. will post 4.23 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, March 13th. Crown Castle's dividend payout ratio (DPR) is currently 175.62%.

Wall Street Analyst Weigh In

CCI has been the subject of several research analyst reports. Zacks Research raised shares of Crown Castle from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. New Street Research downgraded shares of Crown Castle from a "buy" rating to a "neutral" rating and set a $93.00 target price on the stock. in a research report on Monday, January 5th. Royal Bank Of Canada dropped their target price on shares of Crown Castle from $112.00 to $110.00 and set an "outperform" rating on the stock in a research report on Monday, January 12th. Jefferies Financial Group upped their target price on Crown Castle from $84.00 to $89.00 and gave the company a "hold" rating in a research report on Tuesday, April 14th. Finally, Barclays cut their target price on Crown Castle from $101.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, Crown Castle currently has a consensus rating of "Moderate Buy" and an average target price of $99.34.

Insider Activity at Crown Castle

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

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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