Crown Castle Inc. $CCI Shares Sold by M&T Bank Corp

M&T Bank Corp reduced its position in shares of Crown Castle Inc. (NYSE:CCIFree Report) by 23.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,499 shares of the real estate investment trust’s stock after selling 12,386 shares during the period. M&T Bank Corp’s holdings in Crown Castle were worth $3,510,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LRI Investments LLC acquired a new stake in shares of Crown Castle during the 3rd quarter worth approximately $29,000. Wiser Advisor Group LLC acquired a new stake in Crown Castle during the third quarter worth $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Crown Castle during the third quarter worth $31,000. Triumph Capital Management acquired a new stake in Crown Castle during the third quarter worth $31,000. Finally, Salomon & Ludwin LLC increased its stake in Crown Castle by 128.7% during the fourth quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 215 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle News Summary

Here are the key news stories impacting Crown Castle this week:

Crown Castle Price Performance

NYSE CCI opened at $86.35 on Monday. The company has a market cap of $37.68 billion, a P/E ratio of 35.68, a P/E/G ratio of 0.44 and a beta of 0.94. The stock has a 50-day moving average of $86.05 and a two-hundred day moving average of $88.46. Crown Castle Inc. has a 1-year low of $75.96 and a 1-year high of $115.76.

Crown Castle (NYSE:CCIGet Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.42 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, analysts anticipate that Crown Castle Inc. will post 4.23 EPS for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a dividend of $1.0625 per share. The ex-dividend date was Friday, March 13th. This represents a $4.25 dividend on an annualized basis and a yield of 4.9%. Crown Castle’s dividend payout ratio is 175.62%.

Insider Buying and Selling

In other news, EVP Edward B. Adams, Jr. sold 4,650 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total transaction of $401,481.00. Following the sale, the executive vice president owned 25,183 shares of the company’s stock, valued at approximately $2,174,300.22. This represents a 15.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $262,470.00. Following the sale, the vice president directly owned 5,800 shares in the company, valued at $507,442. This represents a 34.09% decrease in their position. The SEC filing for this sale provides additional information. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CCI has been the subject of a number of recent analyst reports. Raymond James Financial raised their price objective on Crown Castle from $102.00 to $108.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Wolfe Research cut their price objective on Crown Castle from $114.00 to $94.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. Zacks Research raised shares of Crown Castle from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. New Street Research downgraded shares of Crown Castle from a “buy” rating to a “neutral” rating and set a $93.00 price target on the stock. in a research note on Monday, January 5th. Finally, Royal Bank Of Canada reduced their price target on shares of Crown Castle from $112.00 to $110.00 and set an “outperform” rating on the stock in a research note on Monday, January 12th. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $99.34.

Check Out Our Latest Stock Report on Crown Castle

Crown Castle Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Crown Castle (NYSE:CCI)

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