Crown Castle Inc. $CCI Shares Bought by Swedbank AB

Swedbank AB raised its position in shares of Crown Castle Inc. (NYSE:CCI) by 3.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 316,393 shares of the real estate investment trust’s stock after purchasing an additional 9,919 shares during the quarter. Swedbank AB owned 0.07% of Crown Castle worth $25,726,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CCI. United Asset Strategies Inc. boosted its position in Crown Castle by 2.5% in the fourth quarter. United Asset Strategies Inc. now owns 4,931 shares of the real estate investment trust’s stock valued at $438,000 after buying an additional 120 shares during the last quarter. Binnacle Investments Inc raised its position in Crown Castle by 10.9% during the 3rd quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 127 shares during the last quarter. Applied Capital LLC FL raised its position in Crown Castle by 0.9% during the 4th quarter. Applied Capital LLC FL now owns 15,269 shares of the real estate investment trust’s stock worth $1,357,000 after buying an additional 132 shares during the last quarter. Hilton Head Capital Partners LLC lifted its stake in Crown Castle by 55.6% during the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 134 shares during the period. Finally, CENTRAL TRUST Co lifted its stake in Crown Castle by 10.2% during the 1st quarter. CENTRAL TRUST Co now owns 1,488 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 138 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on CCI shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. Wolfe Research downgraded shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. Scotiabank cut their price target on 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. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $85.00 price target (down from $90.00) on shares of Crown Castle in a research report on Monday, March 23rd. Finally, Barclays boosted their price objective on Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Two equities research 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 stock. Based on data from MarketBeat, Crown Castle currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.52.

Crown Castle Stock Performance

Shares of NYSE CCI opened at $76.96 on Thursday. The company’s fifty day moving average price is $87.05 and its 200 day moving average price is $86.58. Crown Castle Inc. has a 1 year low of $73.75 and a 1 year high of $115.76. The company has a market capitalization of $33.59 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 0.39 and a beta of 0.95.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, beating the consensus estimate of $0.47 by $0.55. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.41 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% on a year-over-year basis. During the same quarter last year, the business earned $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, equities analysts expect that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Monday, June 15th. Crown Castle’s payout ratio is currently 175.62%.

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.