Nykredit A S Acquires New Shares in Crown Castle Inc. $CCI

Key Points

• Nykredit A/S purchased 153,323 Crown Castle shares worth approximately $11.6 million in the second quarter. Institutional investors and hedge funds own 90.77% of the company.
• Crown Castle reported quarterly EPS of $0.69, exceeding the $0.51 consensus estimate, while revenue reached $1.01 billion but declined 4.9% year over year. Shares opened at $73.03, near the lower end of their 52-week range.
• Analysts maintain a generally cautious outlook, with an average rating of “Hold” and a $94.86 target price. The company declared a quarterly dividend of $1.0625 per share, representing a 5.8% annualized yield.

Nykredit A S purchased a new position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 153,323 shares of the real estate investment trust's stock, valued at approximately $11,611,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Crown Castle during the 2nd quarter worth about $3,326,154,000. Norges Bank purchased a new position in Crown Castle in the 4th quarter valued at about $594,670,000. Legal & General Group Plc purchased a new position in Crown Castle in the 2nd quarter valued at about $456,897,000. Deutsche Bank AG acquired a new stake in shares of Crown Castle during the 2nd quarter worth about $429,341,000. Finally, Bank of America Corp DE acquired a new stake in shares of Crown Castle during the 2nd quarter worth about $348,779,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on CCI. Citizens Jmp lowered their target price on shares of Crown Castle from $125.00 to $120.00 and set a "market outperform" rating for the company in a research note on Friday, July 24th. Jefferies Financial Group decreased their price objective on Crown Castle from $88.00 to $82.00 and set a "hold" rating on the stock in a report on Wednesday, July 15th. TD Cowen lowered their price objective on Crown Castle from $94.00 to $92.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. BMO Capital Markets dropped their target price on Crown Castle from $100.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, July 20th. Finally, Citigroup reiterated a "market outperform" rating on shares of Crown Castle in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $94.86.

Crown Castle Trading Down 0.0%

Shares of Crown Castle stock opened at $73.03 on Monday. The stock has a market capitalization of $31.07 billion, a P/E ratio of 37.07, a PEG ratio of 0.66 and a beta of 0.95. Crown Castle Inc. has a twelve month low of $69.72 and a twelve month high of $100.50. The business's fifty day moving average price is $75.77 and its 200 day moving average price is $82.47.

Crown Castle (NYSE:CCI - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.18. The firm had revenue of $1.01 billion during 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 company's revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, sell-side analysts predict that Crown Castle Inc. will post 4.38 EPS for the current year.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, September 15th. Crown Castle's dividend payout ratio (DPR) is currently 215.74%.

Insider Buying and Selling at Crown Castle

In related news, VP Robert Collins sold 1,500 shares of Crown Castle stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $75.89, for a total value of $113,835.00. Following the completion of the transaction, the vice president directly owned 5,113 shares in the company, valued at approximately $388,025.57. This trade represents a 22.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.09% of the company's stock.

Crown Castle Profile

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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