Crown Castle Inc. $CCI Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Crown Castle Inc. (NYSE:CCI) by 113.3% in the first quarter, HoldingsChannel.com reports. The firm owned 599,648 shares of the real estate investment trust’s stock after acquiring an additional 318,550 shares during the quarter. SG Americas Securities LLC’s holdings in Crown Castle were worth $48,757,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CCI. Wiser Advisor Group LLC purchased a new stake in Crown Castle during the third quarter worth about $29,000. KERR FINANCIAL PLANNING Corp purchased a new position in Crown Castle in the third quarter valued at about $31,000. Triumph Capital Management purchased a new position in Crown Castle in the third quarter valued at about $31,000. Salomon & Ludwin LLC lifted its position in shares of Crown Castle by 128.7% during the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 215 shares during the period. Finally, MV Capital Management Inc. acquired a new stake in shares of Crown Castle during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Price Performance

CCI stock opened at $83.10 on Tuesday. The company’s 50 day simple moving average is $88.95 and its 200-day simple moving average is $87.51. The firm has a market capitalization of $36.27 billion, a PE ratio of 34.34, a P/E/G ratio of 0.42 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.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.41 million. During the same period last year, the company posted $1.10 EPS. The company’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, sell-side analysts anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $1.0625 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.25 annualized dividend and a yield of 5.1%. Crown Castle’s dividend payout ratio (DPR) is presently 175.62%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wolfe Research cut Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th. BMO Capital Markets lifted their price objective on Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Sanford C. Bernstein began coverage on Crown Castle in a research report on Thursday, March 5th. They set an “outperform” rating and a $102.00 target price on the stock. Scotiabank lowered their target price on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 7th. Finally, Truist Financial began coverage on Crown Castle in a research report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.