Junto Capital Management LP Acquires New Holdings in Crown Castle Inc. $CCI

Junto Capital Management LP bought a new position in shares of Crown Castle Inc. (NYSE:CCI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 906,204 shares of the real estate investment trust’s stock, valued at approximately $68,627,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cooke & Bieler LP grew its position in shares of Crown Castle by 21.2% in the 4th quarter. Cooke & Bieler LP now owns 2,930,797 shares of the real estate investment trust’s stock valued at $260,460,000 after buying an additional 511,763 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Crown Castle by 7.2% in the fourth quarter. Legal & General Group Plc now owns 6,025,433 shares of the real estate investment trust’s stock worth $535,480,000 after acquiring an additional 403,943 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Crown Castle by 1.0% in the fourth quarter. Fisher Asset Management LLC now owns 5,506,580 shares of the real estate investment trust’s stock worth $489,370,000 after acquiring an additional 54,078 shares during the period. Swiss Life Asset Management Ltd boosted its holdings in Crown Castle by 14.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 101,289 shares of the real estate investment trust’s stock valued at $9,002,000 after acquiring an additional 12,610 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Crown Castle in the second quarter valued at approximately $168,855,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on CCI. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a report on Wednesday, August 19th. Jefferies Financial Group reduced 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 note on Wednesday, July 15th. Royal Bank Of Canada lowered their target price on shares of Crown Castle from $92.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, 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 research report on Monday, July 20th. 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.13.

Insider Activity at Crown Castle

In other news, VP Robert Collins sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $75.89, for a total value of $113,835.00. Following the transaction, the vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by company insiders.

Crown Castle Stock Down 1.1%

Shares of NYSE:CCI opened at $75.16 on Thursday. Crown Castle Inc. has a twelve month low of $69.72 and a twelve month high of $100.50. The stock’s 50 day moving average is $76.21 and its 200-day moving average is $83.17. The firm has a market capitalization of $31.98 billion, a price-to-earnings ratio of 38.15, a PEG 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 business had revenue of $1.01 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $0.67 EPS. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. Equities research analysts anticipate that Crown Castle Inc. will post 4.39 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Crown Castle’s payout ratio is currently 215.74%.

Crown Castle Company Profile

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.