Entropy Technologies LP Increases Stock Position in Crown Castle Inc. $CCI

Entropy Technologies LP boosted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 264.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,247 shares of the real estate investment trust’s stock after buying an additional 45,159 shares during the quarter. Entropy Technologies LP’s holdings in Crown Castle were worth $5,532,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Crown Castle by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 69,769,393 shares of the real estate investment trust’s stock worth $6,200,406,000 after purchasing an additional 386,733 shares in the last quarter. Cohen & Steers Inc. lifted its position in shares of Crown Castle by 11.0% during the fourth quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock worth $3,536,214,000 after purchasing an additional 3,953,685 shares in the last quarter. State Street Corp lifted its position in shares of Crown Castle by 2.4% during the fourth quarter. State Street Corp now owns 22,239,559 shares of the real estate investment trust’s stock worth $1,976,430,000 after purchasing an additional 511,018 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Crown Castle by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 13,027,749 shares of the real estate investment trust’s stock worth $1,156,972,000 after purchasing an additional 184,533 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Crown Castle by 40.5% during the fourth quarter. Deutsche Bank AG now owns 7,159,803 shares of the real estate investment trust’s stock worth $636,292,000 after purchasing an additional 2,065,247 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Down 0.0%

Shares of NYSE:CCI opened at $92.02 on Friday. The firm’s 50 day moving average price is $89.02 and its 200 day moving average price is $87.72. The stock has a market cap of $40.16 billion, a price-to-earnings ratio of 38.03, a price-to-earnings-growth ratio of 0.47 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 issued its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.55. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.42 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The firm’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, equities analysts anticipate that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 yield of 4.6%. Crown Castle’s dividend payout ratio (DPR) is presently 175.62%.

Analysts Set New Price Targets

Several analysts have recently issued reports on CCI shares. Truist Financial started coverage on shares of Crown Castle in a research report on Tuesday, March 31st. They set a “hold” rating and a $90.00 price target on the stock. Scotiabank reduced their price target on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Jefferies Financial Group increased 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. Finally, Zacks Research raised shares of Crown Castle from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.