Nykredit A S Buys Shares of 174,550 Crown Castle Inc. $CCI

Key Points

• Nykredit A/S acquired 174,550 Crown Castle shares during the second quarter, valued at approximately $13.2 million. Institutional investors and hedge funds collectively own 90.77% of the company.
• Crown Castle reported quarterly EPS of $0.22, below the $0.39 analyst consensus, while revenue reached $1.01 billion and declined 4.9% year over year.
• The company declared a quarterly dividend of $1.0625 per share, representing an annualized payout of $4.25 and a 5.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.13.

Nykredit A S acquired a new stake in Crown Castle Inc. (NYSE:CCI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 174,550 shares of the real estate investment trust's stock, valued at approximately $13,219,000.

Several other large investors also recently bought and sold shares of the company. Wiser Advisor Group LLC acquired a new stake in Crown Castle in the 3rd quarter valued at about $29,000. Triumph Capital Management acquired a new position in Crown Castle during the third quarter worth about $31,000. Hilton Head Capital Partners LLC raised its position in Crown Castle by 55.6% during the first quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 134 shares during the last quarter. MV Capital Management Inc. purchased a new stake in shares of Crown Castle in the fourth quarter valued at about $34,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Crown Castle in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 90.77% of the company's stock.

Insider Buying and Selling at Crown Castle

In related news, VP Robert Collins sold 1,500 shares of the company's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $113,835.00. Following the transaction, the vice president directly owned 5,113 shares of the company's stock, valued at approximately $388,025.57. The trade was a 22.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.09% of the company's stock.

Crown Castle Price Performance

Shares of Crown Castle stock opened at $75.75 on Friday. The company has a market capitalization of $32.23 billion, a P/E ratio of 38.45, a PEG ratio of 0.69 and a beta of 0.95. The business's fifty day moving average price is $76.28 and its two-hundred day moving average price is $83.50. Crown Castle Inc. has a 1-year low of $69.72 and a 1-year high of $100.50.

Crown Castle (NYSE:CCI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share (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 for the quarter, compared to the consensus estimate of $995.05 million. During the same period in the previous year, the business posted $0.67 earnings per share. The business's revenue for the quarter 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. On average, research analysts expect that Crown Castle Inc. will post 4.39 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 5.6%. The ex-dividend date is Tuesday, September 15th. Crown Castle's payout ratio is presently 215.74%.

Analyst Ratings Changes

CCI has been the subject of a number of recent research reports. BMO Capital Markets dropped their price objective on Crown Castle from $100.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, July 20th. Truist Financial lowered their price target on Crown Castle from $95.00 to $87.00 and set a "hold" rating for the company in a research report on Tuesday, July 28th. TD Cowen decreased their price objective on shares of Crown Castle from $94.00 to $92.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd. Citizens Jmp lowered their price objective on shares of Crown Castle from $125.00 to $120.00 and set a "market outperform" rating for the company in a research report on Friday, July 24th. Finally, Royal Bank Of Canada decreased their price target on shares of Crown Castle from $92.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $95.13.

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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