National Pension Service Has $51.09 Million Stock Position in Crown Castle Inc. $CCI

National Pension Service boosted its stake in Crown Castle Inc. (NYSE:CCI) by 8.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 674,624 shares of the real estate investment trust’s stock after purchasing an additional 50,772 shares during the quarter. National Pension Service’s holdings in Crown Castle were worth $51,089,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CCI. Wiser Advisor Group LLC bought a new position in Crown Castle in the 3rd quarter valued at about $29,000. Pingora Partners LLC bought a new stake in shares of Crown Castle during the 2nd quarter worth approximately $30,000. Hilton Head Capital Partners LLC lifted its holdings in shares of Crown Castle by 55.6% during the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 134 shares during the period. Triumph Capital Management acquired a new stake in shares of Crown Castle during the 3rd quarter worth approximately $31,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Crown Castle during the 1st quarter worth approximately $32,000. Institutional investors own 90.77% of the company’s stock.

Insider Activity

In other news, VP Robert Collins sold 1,500 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were 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 owned 5,113 shares of the company’s stock, valued at approximately $388,025.57. This trade represents a 22.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

Crown Castle Stock Up 2.5%

Shares of CCI stock opened at $75.70 on Friday. Crown Castle Inc. has a twelve month low of $69.72 and a twelve month high of $100.50. The stock’s fifty day simple moving average is $76.13 and its 200 day simple moving average is $83.02. The firm has a market capitalization of $32.21 billion, a P/E ratio of 38.43, a P/E/G ratio of 0.68 and a beta of 0.95.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.17). The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.05 million. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 earnings per share. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, equities research analysts expect that Crown Castle Inc. will post 4.38 EPS for the current fiscal year.

Crown Castle Announces Dividend

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

Wall Street Analyst Weigh In

CCI has been the subject of several research analyst reports. Citizens Jmp lowered their price objective on shares of Crown Castle from $125.00 to $120.00 and set a “market outperform” rating for the company in a research report on Friday, July 24th. Truist Financial decreased their target price 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. Wall Street Zen raised Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. reduced their price target on shares of Crown Castle from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada decreased their price target on shares of Crown Castle from $92.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.13.

About Crown Castle

Crown Castle Inc (NYSE: CCI) is a communications infrastructure company that owns, operates and leases shared wireless infrastructure in the United States. Its assets support wireless carriers, broadcasters, government agencies and other communications providers by enabling the transmission of voice, data and video services.

The company’s primary infrastructure includes cell towers and other tower sites that host antennas and related equipment. Crown Castle has also developed and operated fiber networks and small-cell systems, which help wireless providers expand network capacity and coverage in densely populated areas and along high-traffic corridors.

Founded in 1994 and headquartered in Houston, Texas, Crown Castle has historically served customers across major U.S.