Global Retirement Partners LLC Takes Position in Crown Castle Inc. $CCI

Global Retirement Partners LLC bought a new position in Crown Castle Inc. (NYSE:CCI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,312 shares of the real estate investment trust’s stock, valued at approximately $705,000.

Several other large investors have also recently bought and sold shares of the business. United Asset Strategies Inc. boosted its position in Crown Castle by 2.5% during the 4th quarter. United Asset Strategies Inc. now owns 4,931 shares of the real estate investment trust’s stock worth $438,000 after acquiring an additional 120 shares during the period. Binnacle Investments Inc increased its holdings in shares of Crown Castle by 10.9% in the 3rd quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 127 shares during the period. Front Row Advisors LLC increased its holdings in shares of Crown Castle by 1.4% in the 1st quarter. Front Row Advisors LLC now owns 9,305 shares of the real estate investment trust’s stock valued at $757,000 after purchasing an additional 130 shares during the period. Hilton Head Capital Partners LLC lifted its position in shares of Crown Castle by 55.6% in the first quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 134 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its position in shares of Crown Castle by 10.2% in the first quarter. CENTRAL TRUST Co now owns 1,488 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 138 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Stock Performance

NYSE:CCI opened at $74.04 on Wednesday. The company has a market capitalization of $31.50 billion, a P/E ratio of 37.58, a P/E/G ratio of 0.40 and a beta of 0.95. The stock’s 50 day moving average price is $78.90 and its 200 day moving average price is $84.34. Crown Castle Inc. has a 52 week low of $69.72 and a 52 week high of $104.61.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.17). The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.05 million. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. Crown Castle’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 earnings per share. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, sell-side analysts forecast that Crown Castle Inc. will post 4.39 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Crown Castle’s payout ratio is presently 215.74%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CCI shares. Barclays boosted their price objective on shares of Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Wolfe Research downgraded shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. KeyCorp lifted their target price on shares of Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Citizens Jmp lowered their price target on shares of Crown Castle from $125.00 to $120.00 and set a “market outperform” rating on the stock in a report on Friday, July 24th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Crown Castle in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $95.13.

Insider Activity

In related news, VP Robert Sean Collins sold 1,500 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $75.89, for a total value of $113,835.00. Following the completion of the sale, the vice president directly owned 5,113 shares in the company, valued at approximately $388,025.57. This represents a 22.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

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.