Northwestern Mutual Wealth Management Co. Purchases New Position in Crown Castle Inc. $CCI

Northwestern Mutual Wealth Management Co. acquired a new stake in Crown Castle Inc. (NYSE:CCI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,303 shares of the real estate investment trust’s stock, valued at approximately $629,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CCI. Emerald Investment Advisers LLC purchased a new stake in shares of Crown Castle during the 2nd quarter valued at about $1,290,000. Westpac Banking Corp purchased a new position in Crown Castle in the 2nd quarter worth approximately $2,071,000. Landscape Capital Management L.L.C. acquired a new stake in Crown Castle in the second quarter valued at approximately $1,169,000. Korea Investment CORP acquired a new position in shares of Crown Castle during the second quarter worth $29,027,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Crown Castle in the second quarter valued at $238,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Trading Down 0.9%

CCI stock opened at $75.62 on Thursday. The stock’s 50 day simple moving average is $77.17 and its 200 day simple moving average is $83.96. Crown Castle Inc. has a 12-month low of $69.72 and a 12-month high of $102.19. The firm has a market cap of $32.17 billion, a P/E ratio of 38.39, a P/E/G ratio of 0.40 and a beta of 0.95.

Crown Castle (NYSE:CCI) last released its earnings results 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). The business had revenue of $1.01 billion for 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 firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 EPS. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. On average, research analysts forecast that Crown Castle Inc. will post 4.39 EPS for the current fiscal year.

Crown Castle Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CCI shares. Royal Bank Of Canada decreased their price objective on shares of Crown Castle from $92.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. TD Cowen reduced their price target on Crown Castle from $94.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Barclays lifted their price objective on Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Wall Street Zen raised Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, JPMorgan Chase & Co. reduced their target price on Crown Castle from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Two research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.13.

Insider Activity at Crown Castle

In other news, VP Robert Sean Collins sold 1,500 shares of the company’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 transaction 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 approximately $388,025.57. This represents a 22.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.09% of the company’s stock.

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.