Rakuten Investment Management Inc. Acquires New Shares in Crown Castle Inc. $CCI

Rakuten Investment Management Inc. acquired a new position in shares of Crown Castle Inc. (NYSE:CCI) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 71,365 shares of the real estate investment trust’s stock, valued at approximately $5,611,000.

Several other large investors have also recently added to or reduced their stakes in CCI. Wiser Advisor Group LLC bought a new stake in Crown Castle in the third quarter valued at $29,000. Triumph Capital Management bought a new position in shares of Crown Castle during the third quarter worth about $31,000. Hilton Head Capital Partners LLC grew its position 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 acquiring an additional 134 shares during the last quarter. MV Capital Management Inc. acquired a new stake in shares of Crown Castle in the 4th quarter worth about $34,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Crown Castle in the 1st quarter worth about $32,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Stock Up 1.4%

CCI stock opened at $76.09 on Friday. The company has a market capitalization of $32.37 billion, a P/E ratio of 38.62, a PEG ratio of 0.40 and a beta of 0.95. The company has a 50-day simple moving average of $76.91 and a 200 day simple moving average of $83.86. Crown Castle Inc. has a fifty-two week low of $69.72 and a fifty-two week high of $100.50.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data 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). Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.05 million. During the same quarter in the prior year, the business earned $0.67 EPS. Crown Castle’s 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. Equities analysts anticipate that Crown Castle Inc. will post 4.39 EPS for the current year.

Crown Castle Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 5.6%. Crown Castle’s dividend payout ratio is 215.74%.

Analyst Ratings Changes

Several analysts recently weighed in on CCI shares. Truist Financial cut their price objective on shares of 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 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crown Castle in a report on Wednesday, August 19th. 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 report on Wednesday, July 15th. Finally, Wolfe Research downgraded Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. Two equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.13.

Insider Buying and Selling at Crown Castle

In related news, VP Robert Sean Collins sold 1,500 shares of Crown Castle stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

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.