Caisse Des Depots ET Consignations Sells 6,098 Shares of Crown Castle Inc. $CCI

Caisse Des Depots ET Consignations lessened its stake in Crown Castle Inc. (NYSE:CCI) by 34.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,821 shares of the real estate investment trust’s stock after selling 6,098 shares during the period. Caisse Des Depots ET Consignations’ holdings in Crown Castle were worth $1,051,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Choreo LLC raised its position in Crown Castle by 1.1% in the 3rd quarter. Choreo LLC now owns 11,021 shares of the real estate investment trust’s stock worth $1,063,000 after purchasing an additional 120 shares during the last quarter. United Asset Strategies Inc. raised its position in Crown Castle by 2.5% in the 4th quarter. United Asset Strategies Inc. now owns 4,931 shares of the real estate investment trust’s stock worth $438,000 after purchasing an additional 120 shares during the last quarter. Golden State Equity Partners raised its position in Crown Castle by 2.8% in the 3rd quarter. Golden State Equity Partners now owns 4,567 shares of the real estate investment trust’s stock worth $441,000 after purchasing an additional 123 shares during the last quarter. Consolidated Portfolio Review Corp raised its position in Crown Castle by 1.1% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 10,966 shares of the real estate investment trust’s stock worth $1,058,000 after purchasing an additional 123 shares during the last quarter. Finally, Binnacle Investments Inc raised its position in Crown Castle by 10.9% in the 3rd quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Performance

Shares of Crown Castle stock opened at $89.38 on Friday. The firm has a fifty day moving average of $85.81 and a two-hundred day moving average of $88.27. The stock has a market capitalization of $39.00 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 0.45 and a beta of 0.93. Crown Castle Inc. has a 52 week low of $75.96 and a 52 week high of $115.76.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.55. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.42 million. During the same quarter in the prior year, the company earned $1.10 EPS. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, research analysts forecast that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a $1.0625 dividend. The ex-dividend date was Friday, March 13th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.8%. Crown Castle’s dividend payout ratio is currently 175.62%.

Insiders Place Their Bets

In related news, EVP Edward B. Adams, Jr. sold 4,650 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $86.34, for a total value of $401,481.00. Following the completion of the sale, the executive vice president owned 25,183 shares in the company, valued at $2,174,300.22. This represents a 15.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert Sean Collins sold 3,000 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $87.49, for a total transaction of $262,470.00. Following the completion of the sale, the vice president owned 5,800 shares of the company’s stock, valued at approximately $507,442. This represents a 34.09% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Jefferies Financial Group upped their target price on shares of Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a research report on Tuesday, April 14th. Wolfe Research dropped their target price on shares of Crown Castle from $114.00 to $94.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. HSBC dropped their target price on shares of Crown Castle from $107.00 to $88.40 and set a “hold” rating for the company in a research report on Thursday, February 5th. New Street Research cut shares of Crown Castle from a “buy” rating to a “neutral” rating and set a $93.00 target price for the company. in a research report on Monday, January 5th. Finally, Truist Financial assumed coverage on shares of Crown Castle in a research report on Tuesday, March 31st. They set a “hold” rating and a $90.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $99.34.

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.