NEOS Investment Management LLC Has $12.18 Million Holdings in Crown Castle Inc. $CCI

NEOS Investment Management LLC raised its holdings in Crown Castle Inc. (NYSE:CCI) by 6.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,862 shares of the real estate investment trust’s stock after buying an additional 9,734 shares during the period. NEOS Investment Management LLC’s holdings in Crown Castle were worth $12,182,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCI. Wiser Advisor Group LLC bought a new position in Crown Castle during the third quarter worth $29,000. Pingora Partners LLC bought a new position in shares of Crown Castle in the second quarter valued at about $30,000. Hilton Head Capital Partners LLC raised its position in shares of Crown Castle by 55.6% in the first quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 134 shares during the period. Triumph Capital Management acquired a new stake in shares of Crown Castle during the 3rd quarter worth about $31,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Crown Castle during the 1st quarter worth about $32,000. 90.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Citizens Jmp decreased their price target on shares of Crown Castle from $125.00 to $120.00 and set a “market outperform” rating on the stock in a research note on Friday, July 24th. Jefferies Financial Group cut 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 report on Wednesday, July 15th. BMO Capital Markets reduced their price objective on Crown Castle from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Citigroup reaffirmed a “market outperform” rating on shares of Crown Castle in a research report on Friday, July 24th. Finally, Truist Financial lowered their target price on Crown Castle from $95.00 to $87.00 and set a “hold” rating on the stock in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.13.

Insider Activity

In related news, VP Robert Collins sold 1,500 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $113,835.00. Following the sale, the vice president owned 5,113 shares of the company’s stock, valued at $388,025.57. This represents a 22.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

Crown Castle Stock Performance

CCI stock opened at $75.75 on Friday. Crown Castle Inc. has a 52 week low of $69.72 and a 52 week high of $100.50. The company has a market capitalization of $32.23 billion, a PE ratio of 38.45, a price-to-earnings-growth ratio of 0.68 and a beta of 0.95. The company’s 50-day simple moving average is $76.28 and its 200 day simple moving average is $83.50.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.05 million. During the same quarter last year, the firm earned $0.67 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 4.530-4.650 EPS. On average, analysts forecast that Crown Castle Inc. will post 4.39 EPS for the current year.

Crown Castle Dividend Announcement

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

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.