Eurizon Capital SGR S.p.A. Takes Position in Crown Castle Inc. $CCI

Eurizon Capital SGR S.p.A. acquired a new stake in Crown Castle Inc. (NYSE:CCI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 620,823 shares of the real estate investment trust’s stock, valued at approximately $55,182,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CCI. Vanguard Group Inc. lifted its stake in Crown Castle by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 69,769,393 shares of the real estate investment trust’s stock worth $6,200,406,000 after acquiring an additional 386,733 shares during the last quarter. State Street Corp lifted its stake in Crown Castle by 1.2% in the third quarter. State Street Corp now owns 21,728,541 shares of the real estate investment trust’s stock worth $2,096,587,000 after acquiring an additional 266,963 shares during the last quarter. Geode Capital Management LLC lifted its stake in Crown Castle by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 13,027,749 shares of the real estate investment trust’s stock worth $1,156,972,000 after acquiring an additional 184,533 shares during the last quarter. Invesco Ltd. lifted its stake in Crown Castle by 33.2% in the third quarter. Invesco Ltd. now owns 6,437,685 shares of the real estate investment trust’s stock worth $621,172,000 after acquiring an additional 1,605,291 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Crown Castle by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 6,185,915 shares of the real estate investment trust’s stock worth $596,876,000 after acquiring an additional 177,896 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays lifted their price target on shares of Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. decreased their price target on shares of Crown Castle from $110.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Zacks Research upgraded shares of Crown Castle from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Raymond James Financial lifted their price target 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. Finally, UBS Group decreased their price target on shares of Crown Castle from $116.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $98.52.

Crown Castle Trading Up 0.5%

Shares of NYSE:CCI opened at $91.56 on Friday. The company has a market capitalization of $39.96 billion, a PE ratio of 37.84, a P/E/G ratio of 0.46 and a beta of 0.93. Crown Castle Inc. has a twelve month low of $75.96 and a twelve month high of $115.76. The firm has a 50 day simple moving average of $86.68 and a 200-day simple moving average of $87.69.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.55. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.42 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The company’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, equities research analysts predict that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, June 15th. Crown Castle’s payout ratio is currently 175.62%.

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.