Wealthfront Advisers LLC Has $11.70 Million Holdings in Crown Castle Inc. $CCI

Wealthfront Advisers LLC lessened its position in shares of Crown Castle Inc. (NYSE:CCI) by 14.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 143,921 shares of the real estate investment trust’s stock after selling 25,062 shares during the period. Wealthfront Advisers LLC’s holdings in Crown Castle were worth $11,702,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CCI. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Crown Castle by 9.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 672,933 shares of the real estate investment trust’s stock valued at $60,086,000 after purchasing an additional 60,497 shares during the period. Cooke & Bieler LP grew its stake in Crown Castle by 21.2% during the fourth quarter. Cooke & Bieler LP now owns 2,930,797 shares of the real estate investment trust’s stock worth $260,460,000 after purchasing an additional 511,763 shares during the period. Skylands Capital LLC grew its stake in Crown Castle by 6.2% during the fourth quarter. Skylands Capital LLC now owns 262,050 shares of the real estate investment trust’s stock worth $23,288,000 after purchasing an additional 15,300 shares during the period. Aberdeen Group plc increased its holdings in Crown Castle by 13.9% in the fourth quarter. Aberdeen Group plc now owns 1,052,667 shares of the real estate investment trust’s stock worth $93,551,000 after purchasing an additional 128,212 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Crown Castle by 1.0% in the fourth quarter. Fisher Asset Management LLC now owns 5,506,580 shares of the real estate investment trust’s stock worth $489,370,000 after purchasing an additional 54,078 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Performance

Shares of Crown Castle stock opened at $79.24 on Friday. Crown Castle Inc. has a 52 week low of $73.75 and a 52 week high of $115.76. The stock has a 50 day moving average price of $85.66 and a two-hundred day moving average price of $86.18. The stock has a market capitalization of $34.59 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95.

Crown Castle (NYSE:CCI) last released its quarterly earnings data 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. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.41 million. During the same quarter in the previous year, the company posted $1.10 earnings per share. The company’s quarterly revenue was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Research 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 was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $1.0625 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.25 annualized dividend and a yield of 5.4%. Crown Castle’s dividend payout ratio (DPR) is presently 175.62%.

Analyst Ratings Changes

A number of equities analysts have issued reports on CCI shares. The Goldman Sachs Group initiated coverage on Crown Castle in a report on Friday, June 26th. They set a “neutral” rating and a $95.00 price target on the stock. 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. Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Finally, Raymond James Financial increased their target price on shares of Crown Castle from $102.00 to $108.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued 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.

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.