Caisse de depot et placement du Quebec Takes Position in Crown Castle Inc. $CCI

Caisse de depot et placement du Quebec purchased a new stake in shares of Crown Castle Inc. (NYSE:CCI) during the 2nd quarter, Holdings Channel reports. The fund purchased 690,874 shares of the real estate investment trust’s stock, valued at approximately $52,320,000.

Other institutional investors have also added to or reduced their stakes in the company. Wiser Advisor Group LLC acquired a new stake in Crown Castle in the third quarter valued at approximately $29,000. Triumph Capital Management acquired a new position in shares of Crown Castle during the third quarter worth $31,000. Hilton Head Capital Partners LLC increased its holdings in shares of Crown Castle by 55.6% during the first quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 134 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of Crown Castle in the 1st quarter valued at $32,000. Finally, MV Capital Management Inc. bought a new position in shares of Crown Castle in the 4th quarter valued at $34,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Wall Street Analysts Forecast Growth

CCI has been the topic of a number of research reports. Truist Financial reduced their price objective on Crown Castle from $95.00 to $87.00 and set a “hold” rating on the stock in a research report on Tuesday, July 28th. JPMorgan Chase & Co. dropped their target price on Crown Castle from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, July 23rd. Jefferies Financial Group cut their price target on Crown Castle from $88.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, July 15th. Citigroup restated a “market outperform” rating on shares of Crown Castle in a report on Friday, July 24th. Finally, The Goldman Sachs Group initiated coverage on Crown Castle in a research note on Friday, June 26th. They issued a “neutral” rating and a $95.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.13.

Crown Castle Stock Down 0.6%

Shares of Crown Castle stock opened at $75.06 on Friday. The stock has a market cap of $31.94 billion, a price-to-earnings ratio of 38.10, 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 $100.50. The company’s fifty day moving average is $77.03 and its 200 day moving average is $83.92.

Crown Castle (NYSE:CCI) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.17). The company had revenue of $1.01 billion for 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 firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 earnings per share. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, equities analysts anticipate that Crown Castle Inc. will post 4.39 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.0625 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.25 annualized dividend and a dividend yield of 5.7%. Crown Castle’s dividend payout ratio is presently 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.