Infrastructure Capital Advisors LLC Buys New Shares in Crown Castle Inc. $CCI

Infrastructure Capital Advisors LLC bought a new position in Crown Castle Inc. (NYSE:CCI) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 17,540 shares of the real estate investment trust’s stock, valued at approximately $1,328,000.

A number of other institutional investors have also bought and sold shares of the business. Empowered Funds LLC lifted its position in shares of Crown Castle by 7.5% in the first quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust’s stock valued at $1,714,000 after acquiring an additional 1,150 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Crown Castle by 6.9% in the second quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust’s stock worth $9,000,000 after acquiring an additional 5,630 shares during the period. Baird Financial Group Inc. grew its position in shares of Crown Castle by 3.7% during the second quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust’s stock worth $786,000 after purchasing an additional 272 shares in the last quarter. Jump Financial LLC grew its position in shares of Crown Castle by 49.3% during the second quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust’s stock worth $1,121,000 after purchasing an additional 3,603 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in Crown Castle by 5.6% during the 2nd quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust’s stock valued at $509,000 after purchasing an additional 261 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

CCI has been the subject of several recent analyst reports. Royal Bank Of Canada dropped their price target on Crown Castle from $92.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Citizens Jmp lowered their target price on shares of Crown Castle from $125.00 to $120.00 and set a “market outperform” rating on the stock in a report on Friday, July 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research report on Wednesday. Citigroup reaffirmed a “market outperform” rating on shares of Crown Castle in a research note on Friday, July 24th. Finally, Jefferies Financial Group reduced their price target on shares of Crown Castle from $88.00 to $82.00 and set a “hold” rating on the stock in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.13.

Insider Activity

In other news, VP Robert Sean Collins sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $75.89, for a total value of $113,835.00. Following the completion of the sale, the vice president directly owned 5,113 shares of the company’s stock, valued at $388,025.57. This trade represents a 22.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by insiders.

Crown Castle Stock Up 0.0%

CCI stock opened at $75.53 on Monday. Crown Castle Inc. has a 52 week low of $69.72 and a 52 week high of $104.61. The firm has a market capitalization of $32.13 billion, a P/E ratio of 38.34, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. The company has a fifty day simple moving average of $77.86 and a two-hundred day simple moving average of $84.10.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.17). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.05 million. Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 earnings per share. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, analysts anticipate that Crown Castle Inc. will post 4.39 EPS for the current year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.0625 per share. The ex-dividend date is Tuesday, September 15th. This represents a $4.25 dividend on an annualized basis and a yield of 5.6%. Crown Castle’s dividend payout ratio is 215.74%.

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.