Crown Castle Inc. $CCI Shares Sold by Bokf Na

Bokf Na reduced its stake in shares of Crown Castle Inc. (NYSE:CCI) by 48.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,974 shares of the real estate investment trust’s stock after selling 18,424 shares during the quarter. Bokf Na’s holdings in Crown Castle were worth $1,775,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Wiser Advisor Group LLC bought a new stake in Crown Castle in the third quarter worth about $29,000. LRI Investments LLC bought a new position in shares of Crown Castle during the 3rd quarter valued at about $29,000. Triumph Capital Management acquired a new position in shares of Crown Castle in the 3rd quarter worth approximately $31,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Crown Castle in the 3rd quarter worth approximately $31,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Crown Castle by 269.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 381 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 278 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Insiders Place Their Bets

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

Crown Castle Price Performance

Shares of NYSE CCI opened at $90.55 on Friday. The firm has a market capitalization of $39.51 billion, a P/E ratio of 37.42, a P/E/G ratio of 0.46 and a beta of 0.93. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76. The company’s 50 day simple moving average is $85.93 and its 200 day simple moving average is $87.99.

Crown Castle (NYSE:CCI) last posted its 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. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.42 million. During the same period in the previous year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Sell-side analysts expect that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, March 13th. Crown Castle’s dividend payout ratio is presently 175.62%.

Analyst Ratings Changes

CCI has been the topic of a number of research reports. HSBC dropped their target price on Crown Castle from $107.00 to $88.40 and set a “hold” rating on the stock in a report on Thursday, February 5th. UBS Group reduced their price target on shares of Crown Castle from $116.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Weiss Ratings raised shares of Crown Castle from a “sell (d)” rating to a “hold (c-)” rating in a research report on Tuesday, February 24th. Zacks Research raised Crown Castle from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Barclays boosted their price target on Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $99.39.

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.