Swiss Life Asset Management Ltd Has $9 Million Stock Position in Crown Castle Inc. $CCI

Swiss Life Asset Management Ltd increased its position in shares of Crown Castle Inc. (NYSE:CCI) by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,289 shares of the real estate investment trust’s stock after acquiring an additional 12,610 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Crown Castle were worth $9,002,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wiser Advisor Group LLC bought a new position in Crown Castle in the third quarter valued at about $29,000. LRI Investments LLC acquired a new position in Crown Castle during the 3rd quarter valued at about $29,000. Triumph Capital Management acquired a new position in Crown Castle during the 3rd quarter valued at about $31,000. KERR FINANCIAL PLANNING Corp acquired a new position in Crown Castle during the 3rd quarter valued at about $31,000. Finally, Cornerstone Planning Group LLC lifted its position in Crown Castle by 269.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 381 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 278 shares during the period. Institutional investors own 90.77% of the company’s stock.

Insider Buying and Selling

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

Crown Castle Price Performance

Shares of NYSE:CCI opened at $91.48 on Wednesday. The company has a market capitalization of $39.93 billion, a price-to-earnings ratio of 37.80, a P/E/G ratio of 0.46 and a beta of 0.93. The firm’s 50 day simple moving average is $86.15 and its 200 day simple moving average is $87.83. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76.

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

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Friday, March 13th. Crown Castle’s dividend payout ratio is presently 175.62%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CCI. BMO Capital Markets upped their target price 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. Scotiabank cut their target price on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 7th. Weiss Ratings raised shares of Crown Castle from a “sell (d)” rating to a “hold (c-)” rating in a report on Tuesday, February 24th. Citigroup lowered their target price on shares of Crown Castle from $110.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Finally, KeyCorp lifted their target price on shares of Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.39.

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.