NS Partners Ltd Trims Position in Crown Castle Inc. $CCI

NS Partners Ltd trimmed its holdings in Crown Castle Inc. (NYSE:CCI) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,359 shares of the real estate investment trust’s stock after selling 7,326 shares during the period. NS Partners Ltd’s holdings in Crown Castle were worth $11,084,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CCI. Cooke & Bieler LP raised its position in shares of Crown Castle by 21.2% during the 4th quarter. Cooke & Bieler LP now owns 2,930,797 shares of the real estate investment trust’s stock valued at $260,460,000 after buying an additional 511,763 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Crown Castle by 7.2% during the 4th quarter. Legal & General Group Plc now owns 6,025,433 shares of the real estate investment trust’s stock worth $535,480,000 after purchasing an additional 403,943 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Crown Castle by 1.0% in the 4th quarter. Fisher Asset Management LLC now owns 5,506,580 shares of the real estate investment trust’s stock valued at $489,370,000 after buying an additional 54,078 shares in the last quarter. Swiss Life Asset Management Ltd lifted its position in Crown Castle by 14.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 101,289 shares of the real estate investment trust’s stock valued at $9,002,000 after acquiring an additional 12,610 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Crown Castle by 123.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,080 shares of the real estate investment trust’s stock worth $3,206,000 after purchasing an additional 19,962 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Trading Up 0.1%

CCI opened at $76.25 on Tuesday. Crown Castle Inc. has a twelve month low of $69.72 and a twelve month high of $100.50. The firm has a market capitalization of $32.44 billion, a PE ratio of 38.71, a PEG ratio of 0.40 and a beta of 0.95. The firm’s 50-day moving average price is $76.78 and its 200 day moving average price is $83.81.

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

Crown Castle Dividend Announcement

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

Insider Buying and Selling

In related news, VP Robert Sean Collins sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $75.89, for a total value of $113,835.00. Following the completion of the transaction, the vice president directly owned 5,113 shares of the company’s stock, valued at $388,025.57. This trade represents a 22.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on CCI shares. Citigroup reaffirmed a “market outperform” rating on shares of Crown Castle in a report on Friday, July 24th. Jefferies Financial Group decreased their price objective on shares of Crown Castle from $88.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, July 15th. Wolfe Research downgraded shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. Truist Financial reduced their price objective on Crown Castle from $95.00 to $87.00 and set a “hold” rating for the company in a research note on Tuesday, July 28th. Finally, The Goldman Sachs Group assumed coverage on Crown Castle in a research report on Friday, June 26th. They issued a “neutral” rating and a $95.00 price objective on the stock. Two investment 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 company’s stock. According to data from MarketBeat, Crown Castle has an average rating of “Moderate Buy” and an average target price of $95.13.

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.