EFG International AG Invests $2.06 Million in Crown Castle Inc. $CCI

EFG International AG purchased a new position in Crown Castle Inc. (NYSE:CCI) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 27,162 shares of the real estate investment trust’s stock, valued at approximately $2,057,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Binnacle Investments Inc boosted its holdings in Crown Castle by 10.9% in the third quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 127 shares in the last quarter. Front Row Advisors LLC grew its stake in shares of Crown Castle by 1.4% in the first quarter. Front Row Advisors LLC now owns 9,305 shares of the real estate investment trust’s stock worth $757,000 after acquiring an additional 130 shares during the last quarter. 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 valued at $31,000 after acquiring an additional 134 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of Crown Castle by 10.2% in the 1st quarter. CENTRAL TRUST Co now owns 1,488 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 138 shares during the last quarter. Finally, Principal Securities Inc. raised its position in shares of Crown Castle by 3.9% in the 4th quarter. Principal Securities Inc. now owns 3,754 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 142 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CCI shares. Jefferies Financial Group cut their price objective on shares of Crown Castle from $88.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, July 15th. The Goldman Sachs Group assumed coverage on shares of Crown Castle in a report on Friday, June 26th. They issued 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 research note on Wednesday, May 20th. BMO Capital Markets cut their price target on shares of Crown Castle from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Crown Castle from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, Crown Castle has a consensus rating of “Moderate Buy” and an average price target of $95.13.

Crown Castle Price Performance

Crown Castle stock opened at $75.62 on Thursday. Crown Castle Inc. has a one year low of $69.72 and a one year high of $102.19. The business’s fifty day moving average is $77.17 and its 200 day moving average is $83.96. The stock has a market capitalization of $32.17 billion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95.

Crown Castle (NYSE:CCI) last issued 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 analysts’ expectations of $995.05 million. Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.Crown Castle’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.67 EPS. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, sell-side analysts expect that Crown Castle Inc. will post 4.39 EPS for the current fiscal year.

Crown Castle Announces Dividend

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

Insiders Place Their Bets

In related news, VP Robert Sean Collins sold 1,500 shares of the stock in a transaction that occurred 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 transaction, the vice president owned 5,113 shares in the company, valued at $388,025.57. This represents a 22.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is currently owned by company insiders.

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.