Crown Castle Inc. $CCI Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its stake in Crown Castle Inc. (NYSE:CCI) by 43.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,841 shares of the real estate investment trust’s stock after selling 9,180 shares during the quarter. Securian Asset Management Inc.’s holdings in Crown Castle were worth $1,052,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Crossmark Global Holdings Inc. increased its holdings in Crown Castle by 23.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 26,089 shares of the real estate investment trust’s stock valued at $2,319,000 after buying an additional 4,978 shares during the last quarter. Generali Asset Management SPA SGR lifted its holdings in Crown Castle by 4.8% during the 4th quarter. Generali Asset Management SPA SGR now owns 27,065 shares of the real estate investment trust’s stock worth $2,405,000 after buying an additional 1,243 shares during the last quarter. Praxis Investment Management Inc. lifted its holdings in Crown Castle by 71.5% during the 4th quarter. Praxis Investment Management Inc. now owns 8,721 shares of the real estate investment trust’s stock worth $775,000 after buying an additional 3,637 shares during the last quarter. Indivisible Partners acquired a new position in shares of Crown Castle in the 4th quarter worth approximately $318,000. Finally, S Bank Fund Management Ltd grew its position in shares of Crown Castle by 40.1% in the 4th quarter. S Bank Fund Management Ltd now owns 34,950 shares of the real estate investment trust’s stock worth $3,106,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group dropped their price target on Crown Castle from $105.00 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Zacks Research raised shares of Crown Castle from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. UBS Group lowered their target price on shares of Crown Castle from $116.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Sanford C. Bernstein started coverage on shares of Crown Castle in a report on Thursday, March 5th. They set an “outperform” rating and a $102.00 target price on the stock. Finally, Jefferies Financial Group raised their price target on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a research report on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Crown Castle presently has a consensus rating of “Moderate Buy” and an average price target of $99.39.

Crown Castle Trading Up 0.9%

Shares of NYSE CCI opened at $91.48 on Wednesday. The company has a market cap of $39.93 billion, a price-to-earnings ratio of 37.80, a price-to-earnings-growth ratio of 0.46 and a beta of 0.93. Crown Castle Inc. has a 12-month low of $75.96 and a 12-month high of $115.76. The stock’s 50 day simple moving average is $86.15 and its 200 day simple moving average is $87.83.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $995.42 million. During the same period in the prior year, the business earned $1.10 EPS. The firm’s revenue was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, equities analysts forecast that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were given a dividend of $1.0625 per share. The ex-dividend date was Friday, March 13th. This represents a $4.25 annualized dividend and a dividend yield of 4.6%. Crown Castle’s dividend payout ratio is currently 175.62%.

Insider Activity

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