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

Sterling Capital Management LLC cut its stake in shares of Crown Castle Inc. (NYSE:CCI) by 43.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,593 shares of the real estate investment trust’s stock after selling 11,175 shares during the quarter. Sterling Capital Management LLC’s holdings in Crown Castle were worth $1,187,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Choreo LLC lifted its stake in shares of 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 acquiring an additional 120 shares during the period. United Asset Strategies Inc. increased its stake in shares of Crown Castle by 2.5% during the fourth quarter. United Asset Strategies Inc. now owns 4,931 shares of the real estate investment trust’s stock worth $438,000 after acquiring an additional 120 shares during the period. Consolidated Portfolio Review Corp raised its holdings in Crown Castle by 1.1% during the third 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 in the last quarter. Binnacle Investments Inc raised its holdings in Crown Castle by 10.9% during the third 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 in the last quarter. Finally, Integrated Advisors Network LLC lifted its position in Crown Castle by 5.6% in the third quarter. Integrated Advisors Network LLC now owns 2,489 shares of the real estate investment trust’s stock valued at $240,000 after purchasing an additional 132 shares during the period. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Sanford C. Bernstein began coverage on Crown Castle in a research report on Thursday, March 5th. They set an “outperform” rating and a $102.00 target price on the stock. Wolfe Research downgraded Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, May 20th. Scotiabank dropped their price objective on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Finally, The Goldman Sachs Group began coverage on Crown Castle in a report on Friday. They issued a “neutral” rating and a $95.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, Crown Castle currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.52.

Crown Castle Stock Down 4.8%

Shares of CCI stock opened at $78.65 on Tuesday. The stock has a market cap of $34.33 billion, a P/E ratio of 32.50, a P/E/G ratio of 0.42 and a beta of 0.93. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76. The business has a fifty day simple moving average of $88.45 and a 200-day simple moving average of $87.23.

Crown Castle (NYSE:CCI) last issued 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. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.41 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The firm’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, sell-side analysts anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Monday, June 15th. Crown Castle’s 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.