LRT Capital Management LLC Sells 13,424 Shares of Crown Castle Inc. $CCI

LRT Capital Management LLC cut its stake in Crown Castle Inc. (NYSE:CCI) by 32.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,347 shares of the real estate investment trust’s stock after selling 13,424 shares during the period. Crown Castle accounts for about 2.2% of LRT Capital Management LLC’s portfolio, making the stock its 13th largest position. LRT Capital Management LLC’s holdings in Crown Castle were worth $2,519,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Wiser Advisor Group LLC acquired a new stake in Crown Castle in the 3rd quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Crown Castle in the 3rd quarter worth approximately $31,000. Triumph Capital Management acquired a new stake in Crown Castle in the 3rd quarter worth approximately $31,000. Salomon & Ludwin LLC boosted its stake in Crown Castle by 128.7% in the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 215 shares in the last quarter. Finally, Aventura Private Wealth LLC acquired a new stake in Crown Castle in the 4th quarter worth approximately $39,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Trading Down 0.0%

CCI opened at $92.02 on Friday. Crown Castle Inc. has a 12-month low of $75.96 and a 12-month high of $115.76. The firm has a market capitalization of $40.16 billion, a PE ratio of 38.03, a P/E/G ratio of 0.47 and a beta of 0.93. The firm has a 50 day moving average of $89.02 and a two-hundred day moving average of $87.72.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.42 million. During the same period last year, the firm posted $1.10 EPS. Crown Castle’s revenue for the quarter was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, analysts predict that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given 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 currently 175.62%.

Analysts Set New Price Targets

CCI has been the subject of a number of recent analyst reports. Wells Fargo & Company reiterated an “equal weight” rating and issued a $85.00 target price (down from $90.00) on shares of Crown Castle in a research note on Monday, March 23rd. KeyCorp lifted their target price on shares of Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. BMO Capital Markets lifted their target price on shares of Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. Finally, Wolfe Research cut shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.52.

About Crown Castle

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.