5,688 Shares in Crown Castle Inc. $CCI Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Crown Castle Inc. (NYSE:CCI) during the 4th quarter, HoldingsChannel reports. The firm purchased 5,688 shares of the real estate investment trust’s stock, valued at approximately $505,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCI. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Crown Castle by 591.8% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,471,120 shares of the real estate investment trust’s stock worth $431,418,000 after acquiring an additional 3,824,778 shares during the period. Principal Financial Group Inc. grew its position in shares of Crown Castle by 422.5% during the 4th quarter. Principal Financial Group Inc. now owns 3,581,154 shares of the real estate investment trust’s stock valued at $318,258,000 after acquiring an additional 2,895,756 shares during the period. Invesco Ltd. increased its stake in shares of Crown Castle by 33.2% in the 3rd quarter. Invesco Ltd. now owns 6,437,685 shares of the real estate investment trust’s stock valued at $621,172,000 after purchasing an additional 1,605,291 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of Crown Castle in the 3rd quarter valued at about $121,726,000. Finally, Daiwa Securities Group Inc. raised its holdings in Crown Castle by 42.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,931,258 shares of the real estate investment trust’s stock worth $379,327,000 after purchasing an additional 1,168,132 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Transactions at Crown Castle

In related news, VP Robert Sean Collins sold 3,000 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $87.49, for a total transaction of $262,470.00. Following the completion of the sale, the vice president owned 5,800 shares of the company’s stock, valued at approximately $507,442. This represents a 34.09% decrease in their position. The sale 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 the 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 of the company’s stock, valued at approximately $2,174,300.22. The trade was a 15.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.09% of the stock is owned by corporate insiders.

Crown Castle Price Performance

Shares of Crown Castle stock opened at $92.10 on Friday. The stock has a market capitalization of $40.20 billion, a P/E ratio of 38.06, a PEG ratio of 0.47 and a beta of 0.93. The business has a 50 day simple moving average of $86.16 and a two-hundred day simple moving average of $87.60. 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 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. 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 business’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, research analysts anticipate that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently announced 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 of this dividend is Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.6%. Crown Castle’s dividend payout ratio is presently 175.62%.

Wall Street Analyst Weigh In

Several analysts have commented on CCI shares. Weiss Ratings raised Crown Castle from a “sell (d)” rating to a “hold (c-)” rating in a report on Tuesday, February 24th. HSBC reduced their target price on Crown Castle from $107.00 to $88.40 and set a “hold” rating for the company in a research note on Thursday, February 5th. BMO Capital Markets lifted their price target on shares of Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Wells Fargo & Company reissued an “equal weight” rating and issued a $85.00 price target (down from $90.00) on shares of Crown Castle in a report on Monday, March 23rd. Finally, The Goldman Sachs Group reduced their price objective on shares of Crown Castle from $105.00 to $95.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $98.52.

Crown Castle News Summary

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

• Positive Sentiment: Crown Castle appointed Kris Hinson as Executive Vice President and Chief Commercial Officer and Mark Lennon as Senior Vice President and Chief Information Officer, moves that support its transition to a pure-play U.S. tower company and may improve customer strategy, digital capabilities, and information security. Article Title
• Positive Sentiment: The board declared a quarterly dividend of $1.0625 per share, reinforcing Crown Castle’s income appeal for investors. Article Title
• Positive Sentiment: Management is advancing its fiber-sale and debt-reduction plan, with proceeds expected to be used for about $1 billion of share repurchases and roughly $7 billion of debt paydown, which could strengthen the balance sheet over time. Article Title
• Neutral Sentiment: The company’s latest quarterly results showed better-than-expected EPS and revenue, but revenue still declined year over year, leaving investors focused on whether the turnaround can sustain itself.
• Negative Sentiment: Wolfe Research downgraded Crown Castle Inc. (NYSE: CCI) from Outperform to Peer Perform, citing weaker long-term growth prospects, including pressure tied to DISH lease payment defaults and higher interest rates. Article Title

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.