Gabelli Funds LLC Has $3.14 Million Stock Holdings in Crown Castle Inc. $CCI

Gabelli Funds LLC lessened its position in Crown Castle Inc. (NYSE:CCI) by 16.5% during the 4th quarter, Holdings Channel reports. The firm owned 35,305 shares of the real estate investment trust’s stock after selling 7,000 shares during the quarter. Gabelli Funds LLC’s holdings in Crown Castle were worth $3,138,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wiser Advisor Group LLC acquired a new stake in shares of Crown Castle in the 3rd quarter valued at $29,000. LRI Investments LLC acquired a new stake in shares of Crown Castle in the 3rd quarter valued at $29,000. Triumph Capital Management acquired a new stake in shares of Crown Castle in the 3rd quarter valued at $31,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Crown Castle in the 3rd quarter valued at $31,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Crown Castle by 269.9% in 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 in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Trading Down 0.6%

Crown Castle stock opened at $92.10 on Friday. The firm has a market capitalization of $40.20 billion, a P/E ratio of 38.06, a PEG ratio of 0.47 and a beta of 0.93. Crown Castle Inc. has a 1 year low of $75.96 and a 1 year high of $115.76. The business has a 50-day moving average of $86.16 and a 200-day moving average of $87.60.

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

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, June 15th. Crown Castle’s payout ratio is presently 175.62%.

Key Crown Castle News

Here are the key news stories impacting Crown Castle this week:

• Positive Sentiment: Crown Castle appointed Kris Hinson as Executive Vice President and Chief Commercial Officer and Mark Lennon as Senior Vice President and Chief Information Officer, moves that support its transition to a pure-play U.S. tower company and may improve customer strategy, digital capabilities, and information security. Article Title
• Positive Sentiment: The board declared a quarterly dividend of $1.0625 per share, reinforcing Crown Castle’s income appeal for investors. Article Title
• Positive Sentiment: Management is advancing its fiber-sale and debt-reduction plan, with proceeds expected to be used for about $1 billion of share repurchases and roughly $7 billion of debt paydown, which could strengthen the balance sheet over time. Article Title
• Neutral Sentiment: The company’s latest quarterly results showed better-than-expected EPS and revenue, but revenue still declined year over year, leaving investors focused on whether the turnaround can sustain itself.
• Negative Sentiment: Wolfe Research downgraded Crown Castle Inc. (NYSE: CCI) from Outperform to Peer Perform, citing weaker long-term growth prospects, including pressure tied to DISH lease payment defaults and higher interest rates. Article Title

Insider Activity

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

Analyst Ratings Changes

Several brokerages have recently commented on CCI. Scotiabank reduced 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 note on Tuesday, April 7th. Wolfe Research downgraded shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. The Goldman Sachs Group cut their price target on Crown Castle from $105.00 to $95.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Sanford C. Bernstein started coverage on Crown Castle in a report on Thursday, March 5th. They issued an “outperform” rating and a $102.00 price target for the company. Finally, HSBC cut their price target on Crown Castle from $107.00 to $88.40 and set a “hold” rating for the company in a report on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Crown Castle presently has a consensus rating of “Moderate Buy” and a consensus target price 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.