iA Global Asset Management Inc. Makes New Investment in Crown Castle Inc. $CCI

iA Global Asset Management Inc. acquired a new position in shares of Crown Castle Inc. (NYSE:CCI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 40,792 shares of the real estate investment trust’s stock, valued at approximately $3,625,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in Crown Castle during the third quarter worth approximately $29,000. Wiser Advisor Group LLC acquired a new stake in Crown Castle during the third quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Crown Castle during the third quarter worth approximately $31,000. Triumph Capital Management acquired a new stake in Crown Castle during the third quarter worth approximately $31,000. Finally, Salomon & Ludwin LLC increased its holdings in shares of Crown Castle by 128.7% in the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 215 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CCI shares. Wolfe Research cut their target price on shares of Crown Castle from $114.00 to $94.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Scotiabank cut their target price on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 7th. UBS Group cut their target price on shares of Crown Castle from $116.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. 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 report on Thursday, April 23rd. Finally, Truist Financial started coverage on shares of Crown Castle in a report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $99.39.

Insider Buying and Selling at Crown Castle

In other Crown Castle news, EVP Edward B. Adams, Jr. sold 4,650 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $86.34, for a total value of $401,481.00. Following the transaction, the executive vice president directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert Sean Collins sold 3,000 shares of the business’s stock in a transaction on 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 transaction, the vice president directly owned 5,800 shares in the company, valued at $507,442. This represents a 34.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.09% of the company’s stock.

Crown Castle Stock Performance

Shares of CCI opened at $86.67 on Monday. The stock has a market capitalization of $37.83 billion, a P/E ratio of 35.81, a P/E/G ratio of 0.44 and a beta of 0.93. The company’s fifty day moving average is $86.00 and its two-hundred day moving average is $87.61. Crown Castle Inc. has a 1 year low of $75.96 and a 1 year high of $115.76.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (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 analysts’ expectations of $995.42 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. Crown Castle’s revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Sell-side analysts predict that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Friday, March 13th. 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.