Natixis Advisors LLC Decreases Holdings in Crown Castle Inc. $CCI

Natixis Advisors LLC decreased its position in shares of Crown Castle Inc. (NYSE:CCI) by 39.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,460 shares of the real estate investment trust’s stock after selling 209,278 shares during the quarter. Natixis Advisors LLC owned 0.07% of Crown Castle worth $28,035,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wiser Advisor Group LLC purchased a new stake in shares of Crown Castle during the 3rd quarter worth approximately $29,000. Triumph Capital Management purchased a new stake in shares of Crown Castle in the 3rd quarter worth about $31,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Crown Castle in the 3rd quarter worth about $31,000. Cornerstone Planning Group LLC boosted its position 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 buying an additional 278 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its position in shares of Crown Castle by 128.7% in the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Performance

Crown Castle stock opened at $93.79 on Friday. The stock has a fifty day moving average of $87.41 and a two-hundred day moving average of $87.61. The company has a market capitalization of $40.94 billion, a price-to-earnings ratio of 38.76, a PEG ratio of 0.45 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.

Crown Castle (NYSE:CCI) last released its quarterly 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. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.42 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.Crown Castle’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, analysts forecast that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.0625 per share. The ex-dividend date is Monday, June 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.5%. Crown Castle’s dividend payout ratio (DPR) is 175.62%.

Analyst Ratings Changes

CCI has been the topic of several recent research reports. HSBC decreased their price objective on shares of Crown Castle from $107.00 to $88.40 and set a “hold” rating on the stock in a research report on Thursday, February 5th. The Goldman Sachs Group decreased their price objective on shares of Crown Castle from $105.00 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Wolfe Research lowered shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. Sanford C. Bernstein assumed coverage on Crown Castle in a research note on Thursday, March 5th. They issued an “outperform” rating and a $102.00 target price on the stock. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $85.00 target price (down from $90.00) on shares of Crown Castle in a report on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $98.52.

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.