Commerce Bank Invests $1.27 Million in Crown Castle Inc. $CCI

Commerce Bank bought a new stake in Crown Castle Inc. (NYSE:CCI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 16,788 shares of the real estate investment trust’s stock, valued at approximately $1,271,000.

Several other large investors have also modified their holdings of CCI. Binnacle Investments Inc lifted its holdings 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. 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 acquiring an additional 130 shares during the last quarter. Hilton Head Capital Partners LLC increased its holdings in shares of Crown Castle by 55.6% in 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 last quarter. CENTRAL TRUST Co raised its position in shares of 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 in the last quarter. Finally, Principal Securities Inc. raised its position in shares of Crown Castle by 3.9% during the 4th quarter. Principal Securities Inc. now owns 3,754 shares of the real estate investment trust’s stock valued at $334,000 after acquiring an additional 142 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Insider Buying and Selling

In other Crown Castle news, VP Robert Sean Collins sold 1,500 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president owned 5,113 shares in the company, valued at approximately $388,025.57. This trade represents a 22.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

Crown Castle Price Performance

Shares of CCI opened at $76.25 on Wednesday. The company has a market cap of $32.44 billion, a P/E ratio of 38.71, a PEG ratio of 0.41 and a beta of 0.95. Crown Castle Inc. has a 12 month low of $69.72 and a 12 month high of $102.19. The stock has a fifty day moving average price of $77.38 and a 200 day moving average price of $83.98.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.17). The firm had revenue of $1.01 billion for 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%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.67 EPS. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, research analysts anticipate that Crown Castle Inc. will post 4.39 earnings per share for the current year.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $1.0625 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $4.25 annualized dividend and a yield of 5.6%. Crown Castle’s dividend payout ratio is 215.74%.

Analysts Set New Price Targets

A number of research firms have commented on CCI. The Goldman Sachs Group started coverage on shares of Crown Castle in a report on Friday, June 26th. They issued a “neutral” rating and a $95.00 price objective for the company. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research report on Wednesday, August 19th. Royal Bank Of Canada reduced their price target on shares of Crown Castle from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Crown Castle in a report 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 assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.13.

Crown Castle Company 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.