Osmosis Investment Management UK Ltd Makes New Investment in Crown Castle Inc. $CCI

Osmosis Investment Management UK Ltd purchased a new stake in shares of Crown Castle Inc. (NYSE:CCI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 56,266 shares of the real estate investment trust’s stock, valued at approximately $4,261,000.

A number of other institutional investors also recently modified their holdings of CCI. Empowered Funds LLC increased its stake in shares of Crown Castle by 7.5% in the 1st quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust’s stock valued at $1,714,000 after buying an additional 1,150 shares during the period. First Trust Advisors LP boosted its stake in Crown Castle by 6.9% during the 2nd 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 last quarter. Baird Financial Group Inc. grew its stake in Crown Castle by 3.7% in the second quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust’s stock valued at $786,000 after acquiring an additional 272 shares during the period. Jump Financial LLC boosted its holdings in shares of Crown Castle by 49.3% in the second quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust’s stock valued at $1,121,000 after buying an additional 3,603 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of Crown Castle by 5.6% during the second quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust’s stock worth $509,000 after buying an additional 261 shares during the period. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Up 0.0%

CCI opened at $75.53 on Monday. The stock has a market capitalization of $32.13 billion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 0.40 and a beta of 0.95. Crown Castle Inc. has a twelve month low of $69.72 and a twelve month high of $104.61. The company has a 50-day simple moving average of $77.86 and a 200 day simple moving average of $84.10.

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

Crown Castle Announces Dividend

The company 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. This represents a $4.25 annualized dividend and a yield of 5.6%. The ex-dividend date is Tuesday, September 15th. Crown Castle’s payout ratio is currently 215.74%.

Insiders Place Their Bets

In other Crown Castle news, VP Robert Sean Collins sold 1,500 shares of the firm’s stock in a transaction 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 sale, the vice president owned 5,113 shares of the company’s stock, valued at approximately $388,025.57. This trade represents a 22.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

CCI has been the topic of several recent research reports. Citizens Jmp lowered their price target on shares of Crown Castle from $125.00 to $120.00 and set a “market outperform” rating on the stock in a research note on Friday, July 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crown Castle in a report on Wednesday. The Goldman Sachs Group started coverage on Crown Castle in a report on Friday, June 26th. They set a “neutral” rating and a $95.00 target price for the company. Wolfe Research downgraded shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th. Finally, Truist Financial dropped their price target on shares of Crown Castle from $95.00 to $87.00 and set a “hold” rating for the company in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Crown Castle currently has a consensus rating of “Moderate Buy” and an average price target of $95.13.

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.