Crown Castle Inc. $CCI Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC lowered its position in shares of Crown Castle Inc. (NYSE:CCI) by 5.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,066,389 shares of the real estate investment trust’s stock after selling 65,361 shares during the quarter. Cullen Capital Management LLC’s holdings in Crown Castle were worth $94,770,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wiser Advisor Group LLC acquired a new stake in Crown Castle during the third quarter valued at approximately $29,000. Triumph Capital Management acquired a new stake in Crown Castle during the third quarter valued at approximately $31,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Crown Castle during the third quarter valued at approximately $31,000. Salomon & Ludwin LLC raised its stake in Crown Castle by 128.7% during the fourth quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 215 shares in the last quarter. Finally, Aventura Private Wealth LLC acquired a new stake in Crown Castle during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CCI. Raymond James Financial upped their price objective on Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 23rd. Scotiabank cut their price objective on 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. Barclays upped their price objective on Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. Finally, KeyCorp upped their price objective on Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Crown Castle currently has a consensus rating of “Moderate Buy” and an average target price of $98.52.

Crown Castle Trading Down 0.0%

NYSE:CCI opened at $92.02 on Friday. The firm has a market capitalization of $40.16 billion, a PE ratio of 38.03, a price-to-earnings-growth ratio of 0.47 and a beta of 0.93. The stock has a 50 day moving average of $89.02 and a 200-day moving average of $87.72. Crown Castle Inc. has a 52 week low of $75.96 and a 52 week high of $115.76.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, beating 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 business’s revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, analysts predict 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 issued a dividend of $1.0625 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.6%. Crown Castle’s dividend payout ratio is 175.62%.

Crown Castle Company 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.