J. Safra Sarasin Holding AG Purchases New Stake in Crown Castle Inc. $CCI

J. Safra Sarasin Holding AG acquired a new position in shares of Crown Castle Inc. (NYSE:CCI) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,085 shares of the real estate investment trust’s stock, valued at approximately $575,000.

Other hedge funds have also added to or reduced their stakes in the company. Wiser Advisor Group LLC purchased a new stake in shares of Crown Castle during the 3rd quarter worth approximately $29,000. Triumph Capital Management purchased a new stake in Crown Castle in the third quarter worth $31,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Crown Castle in the third quarter worth $31,000. Hilton Head Capital Partners LLC raised its stake 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 buying an additional 134 shares during the period. Finally, Salomon & Ludwin LLC lifted its position in shares of Crown Castle by 128.7% during the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 215 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Performance

NYSE:CCI opened at $79.41 on Thursday. The business’s fifty day moving average is $86.14 and its 200 day moving average is $86.29. The firm has a market cap of $34.66 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 0.40 and a beta of 0.95. Crown Castle Inc. has a 52-week low of $73.75 and a 52-week high of $115.76.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, topping the consensus estimate of $0.47 by $0.55. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.41 million. During the same quarter last year, the company earned $1.10 EPS. The firm’s revenue 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. Equities analysts predict that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $1.0625 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.25 annualized dividend and a yield of 5.4%. Crown Castle’s payout ratio is currently 175.62%.

Wall Street Analysts Forecast Growth

CCI has been the subject of several recent research reports. Truist Financial initiated coverage on Crown Castle in a report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 price objective for the company. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $85.00 price objective (down from $90.00) on shares of Crown Castle in a report on Monday, March 23rd. Raymond James Financial increased their target price on shares of Crown Castle from $102.00 to $108.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 23rd. Jefferies Financial Group lifted their target price on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a research note on Tuesday, April 14th. Finally, BMO Capital Markets boosted their price target on shares of Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, Crown Castle has an average rating of “Moderate Buy” and an average price target 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.