National Pension Service Has $51.09 Million Holdings in Crown Castle Inc. $CCI

Key Points

• National Pension Service increased its Crown Castle stake by 8.1% in the second quarter, adding 50,772 shares and bringing its holdings to 674,624 shares valued at approximately $51.09 million.
• Crown Castle’s latest quarterly results missed earnings expectations, with EPS of $0.22 versus the $0.39 consensus estimate; revenue reached $1.01 billion but declined 4.9% year over year.
• The company declared a quarterly dividend of $1.0625 per share, equivalent to an annualized $4.25 payout and a 5.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.13, compared with the stock’s recent price near $75.70.

National Pension Service lifted its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 674,624 shares of the real estate investment trust's stock after buying an additional 50,772 shares during the quarter. National Pension Service owned about 0.16% of Crown Castle worth $51,089,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCI. California State Teachers Retirement System increased its stake in shares of Crown Castle by 7,321.8% during the 2nd quarter. California State Teachers Retirement System now owns 52,821,372 shares of the real estate investment trust's stock worth $4,000,163,000 after purchasing an additional 52,109,665 shares during the last quarter. BlackRock Inc. acquired a new stake in Crown Castle in the 2nd quarter valued at about $3,326,154,000. Cohen & Steers Inc. lifted its stake 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 purchasing an additional 3,953,685 shares during the last quarter. State Street Corp grew its holdings in Crown Castle by 2.4% during the fourth quarter. State Street Corp now owns 22,239,559 shares of the real estate investment trust's stock worth $1,976,430,000 after purchasing an additional 511,018 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Crown Castle by 2.8% during the fourth quarter. Wellington Management Group LLP now owns 13,986,852 shares of the real estate investment trust's stock worth $1,243,012,000 after purchasing an additional 380,419 shares during the period. 90.77% of the stock is owned by institutional investors.

Crown Castle Trading Up 2.5%

Crown Castle stock opened at $75.70 on Friday. The company has a market capitalization of $32.21 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 0.68 and a beta of 0.95. Crown Castle Inc. has a 12 month low of $69.72 and a 12 month high of $100.50. The stock's 50 day moving average is $76.13 and its 200-day moving average is $83.02.

Crown Castle (NYSE:CCI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.17). Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.05 million. During the same period in the prior year, the company earned $0.67 earnings per share. The business's quarterly revenue was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, equities research analysts predict that Crown Castle Inc. will post 4.38 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Crown Castle's dividend payout ratio (DPR) is currently 215.74%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group dropped their price objective 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. Weiss Ratings reiterated a "hold (c-)" rating on shares of Crown Castle in a research note on Wednesday, August 19th. Citigroup reissued a "market outperform" rating on shares of Crown Castle in a report on Friday, July 24th. Citizens Jmp dropped their price target on Crown Castle from $125.00 to $120.00 and set a "market outperform" rating on the stock in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. cut their price target on Crown Castle from $95.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $95.13.

Insiders Place Their Bets

In other Crown Castle news, VP Robert Collins sold 1,500 shares of Crown Castle stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $75.89, for a total value of $113,835.00. Following the completion of the sale, the vice president owned 5,113 shares in the company, valued at $388,025.57. The trade was a 22.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by company insiders.

About Crown Castle

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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