World Investment Advisors Increases Stake in Crown Castle Inc. $CCI

World Investment Advisors grew its holdings in Crown Castle Inc. (NYSE:CCI) by 257.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,729 shares of the real estate investment trust’s stock after acquiring an additional 5,568 shares during the period. World Investment Advisors’ holdings in Crown Castle were worth $687,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Foresight Group Ltd Liability Partnership raised its stake in shares of Crown Castle by 25.8% in the third quarter. Foresight Group Ltd Liability Partnership now owns 103,407 shares of the real estate investment trust’s stock worth $9,950,000 after buying an additional 21,194 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Crown Castle by 15.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,963 shares of the real estate investment trust’s stock valued at $6,847,000 after acquiring an additional 9,552 shares during the period. Cooke & Bieler LP increased its holdings in Crown Castle by 6.1% in the 3rd quarter. Cooke & Bieler LP now owns 2,419,034 shares of the real estate investment trust’s stock worth $233,413,000 after acquiring an additional 138,061 shares in the last quarter. National Pension Service increased its holdings in Crown Castle by 3.5% in the 3rd quarter. National Pension Service now owns 656,795 shares of the real estate investment trust’s stock worth $63,374,000 after acquiring an additional 21,986 shares in the last quarter. Finally, Aberdeen Group plc raised its stake in Crown Castle by 13.9% during the 4th quarter. Aberdeen Group plc now owns 1,052,667 shares of the real estate investment trust’s stock worth $93,551,000 after acquiring an additional 128,212 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, EVP Edward B. Adams, Jr. sold 4,650 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total transaction of $401,481.00. Following the completion of the transaction, the executive vice president directly owned 25,183 shares of the company’s stock, valued at approximately $2,174,300.22. This represents a 15.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert Sean Collins sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $87.49, for a total value of $262,470.00. Following the transaction, the vice president owned 5,800 shares of the company’s stock, valued at $507,442. This represents a 34.09% decrease in their position. The SEC filing for this sale provides additional information. 0.09% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Weiss Ratings raised shares of Crown Castle from a “sell (d)” rating to a “hold (c-)” rating in a research note on Tuesday, February 24th. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group cut their price target on Crown Castle from $105.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Sanford C. Bernstein initiated coverage on Crown Castle in a report on Thursday, March 5th. They set an “outperform” rating and a $102.00 price target on the stock. Finally, Wolfe Research dropped their price objective on Crown Castle from $114.00 to $94.00 and set an “outperform” rating for the company in a research note on Monday, April 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.52.

Crown Castle Stock Performance

Shares of NYSE:CCI opened at $89.91 on Tuesday. The firm has a fifty day moving average price of $85.99 and a 200 day moving average price of $87.58. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76. The firm has a market cap of $39.24 billion, a price-to-earnings ratio of 37.15, a P/E/G ratio of 0.44 and a beta of 0.93.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.55. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, research analysts predict that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date 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.