Deutsche Bank AG Acquires 2,065,247 Shares of Crown Castle Inc. $CCI

Deutsche Bank AG lifted its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 40.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,159,803 shares of the real estate investment trust’s stock after purchasing an additional 2,065,247 shares during the quarter. Deutsche Bank AG owned 1.64% of Crown Castle worth $636,292,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CCI. Norges Bank bought a new position in shares of Crown Castle during the fourth quarter worth approximately $594,670,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Crown Castle by 591.8% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,471,120 shares of the real estate investment trust’s stock worth $431,418,000 after purchasing an additional 3,824,778 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Crown Castle by 422.5% during the fourth quarter. Principal Financial Group Inc. now owns 3,581,154 shares of the real estate investment trust’s stock worth $318,258,000 after purchasing an additional 2,895,756 shares during the period. Invesco Ltd. increased its holdings in shares of Crown Castle by 33.2% during the third quarter. Invesco Ltd. now owns 6,437,685 shares of the real estate investment trust’s stock worth $621,172,000 after purchasing an additional 1,605,291 shares during the period. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of Crown Castle during the third quarter worth approximately $121,726,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Performance

Shares of NYSE:CCI opened at $92.47 on Wednesday. The firm has a market cap of $40.36 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 0.47 and a beta of 0.93. The firm’s fifty day moving average is $88.30 and its 200-day moving average is $87.65. 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 earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $995.42 million. During the same quarter in the previous year, the business earned $1.10 earnings per share. Crown Castle’s revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Sell-side analysts forecast that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $1.0625 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.25 annualized dividend and a yield of 4.6%. Crown Castle’s dividend payout ratio (DPR) is presently 175.62%.

Analysts Set New Price Targets

CCI has been the topic of a number of recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Crown Castle in a research note on Thursday, March 5th. They issued an “outperform” rating and a $102.00 price objective on the stock. BMO Capital Markets lifted their price objective on shares of Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Raymond James Financial lifted their price objective on shares of Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 23rd. Jefferies Financial Group lifted their price objective on shares of Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.