207,300 Crown Castle Inc. $CCI Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd lowered its stake in shares of Crown Castle Inc. (NYSE:CCI) by 53.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,725 shares of the real estate investment trust’s stock after selling 207,300 shares during the quarter. Ninety One UK Ltd’s holdings in Crown Castle were worth $11,912,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hilton Head Capital Partners LLC grew its stake in Crown Castle by 55.6% during the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 134 shares during the last quarter. MV Capital Management Inc. acquired a new stake in Crown Castle in the fourth quarter worth $34,000. Global Assets Advisory LLC acquired a new stake in Crown Castle in the first quarter worth $32,000. Pingora Partners LLC bought a new stake in Crown Castle in the second quarter valued at $30,000. Finally, Reflection Asset Management bought a new stake in Crown Castle in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Buying and Selling at Crown Castle

In other news, VP Robert Collins sold 1,500 shares of the company’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 completion of the sale, the vice president directly owned 5,113 shares of the company’s stock, valued at approximately $388,025.57. This represents a 22.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Crown Castle Stock Up 0.7%

Shares of NYSE CCI opened at $79.97 on Friday. Crown Castle Inc. has a fifty-two week low of $65.32 and a fifty-two week high of $100.50. The firm’s 50-day simple moving average is $73.64 and its 200 day simple moving average is $80.60. The stock has a market cap of $34.02 billion, a P/E ratio of 40.59, a P/E/G ratio of 0.71 and a beta of 0.94.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.18. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.05 million. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. On average, sell-side analysts anticipate that Crown Castle Inc. will post 4.38 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Tuesday, September 15th. Crown Castle’s payout ratio is 215.74%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CCI. The Goldman Sachs Group began coverage on shares of Crown Castle in a report on Friday, June 26th. They set a “neutral” rating and a $95.00 price target for the company. Citizens Jmp lowered their price target on shares of Crown Castle from $125.00 to $120.00 and set a “market outperform” rating for the company in a research report on Friday, July 24th. Weiss Ratings cut shares of Crown Castle from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Morgan Stanley set a $85.00 price objective on shares of Crown Castle in a research report on Monday, September 21st. Finally, BMO Capital Markets cut their price objective on shares of Crown Castle from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $94.07.

About Crown Castle

Crown Castle Inc (NYSE: CCI) is a communications infrastructure company that owns, operates and leases wireless communications assets in the United States. Its infrastructure helps wireless carriers, government agencies and other customers expand network coverage and capacity for voice, data and other wireless services.

The company’s portfolio includes cell towers and fiber-based infrastructure. Crown Castle provides space on its towers for wireless equipment and offers fiber solutions that support small-cell networks, distributed antenna systems and other high-capacity communications applications.