Osmosis Investment Management UK Ltd Takes $4.26 Million Position in Crown Castle Inc. $CCI

Key Points

• Osmosis Investment Management purchased 56,266 Crown Castle shares worth approximately $4.26 million during the second quarter. Institutional investors collectively own 90.77% of the REIT.
• Crown Castle reported quarterly EPS of $0.22, missing the $0.39 consensus estimate, while revenue reached $1.01 billion and declined 4.9% year over year. The stock opened at $75.53, near the lower end of its 52-week range.
• The company declared a quarterly dividend of $1.0625, equivalent to a 5.6% annualized yield, while analysts maintain a “Moderate Buy” consensus with an average price target of $95.13.

Osmosis Investment Management UK Ltd bought a new position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 56,266 shares of the real estate investment trust's stock, valued at approximately $4,261,000.

Several other institutional investors have also recently added to or reduced their stakes in CCI. Binnacle Investments Inc lifted its stake in shares of Crown Castle by 10.9% in the 3rd quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust's stock worth $125,000 after acquiring an additional 127 shares during the period. Front Row Advisors LLC grew its holdings in Crown Castle by 1.4% in the first quarter. Front Row Advisors LLC now owns 9,305 shares of the real estate investment trust's stock valued at $757,000 after purchasing an additional 130 shares during the last quarter. Hilton Head Capital Partners LLC increased its stake in shares of Crown Castle by 55.6% during the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 134 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of Crown Castle by 10.2% in the first quarter. CENTRAL TRUST Co now owns 1,488 shares of the real estate investment trust's stock valued at $121,000 after acquiring an additional 138 shares in the last quarter. Finally, Principal Securities Inc. lifted its holdings in Crown Castle by 3.9% in the 4th quarter. Principal Securities Inc. now owns 3,754 shares of the real estate investment trust's stock valued at $334,000 after purchasing an additional 142 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company's stock.

Crown Castle Price Performance

CCI opened at $75.53 on Monday. The company has a market capitalization of $32.13 billion, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. The business has a 50 day moving average price of $77.86 and a two-hundred day moving average price of $84.10. Crown Castle Inc. has a 1-year low of $69.72 and a 1-year high of $104.61.

Crown Castle (NYSE:CCI - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.17). The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.05 million. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. Crown Castle's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.67 earnings per share. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. Equities analysts expect that Crown Castle Inc. will post 4.39 EPS for the current fiscal year.

Crown Castle Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently commented on CCI. Jefferies Financial Group lowered their price target on shares of Crown Castle from $88.00 to $82.00 and set a "hold" rating for the company in a report on Wednesday, July 15th. TD Cowen lowered their target price on shares of Crown Castle from $94.00 to $92.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. Wall Street Zen raised shares of Crown Castle from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. Royal Bank Of Canada lowered their price objective on shares of Crown Castle from $92.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, July 23rd. Finally, Citigroup reiterated a "market outperform" rating on shares of Crown Castle in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $95.13.

Insider Buying and Selling

In other news, VP Robert Sean Collins sold 1,500 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 5,113 shares in the company, valued at $388,025.57. The trade was a 22.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is currently owned by corporate 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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