Rockefeller Capital Management L.P. Has $4.25 Million Position in Crown Castle Inc. $CCI

Rockefeller Capital Management L.P. lowered its stake in shares of Crown Castle Inc. (NYSE:CCI) by 82.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,815 shares of the real estate investment trust’s stock after selling 218,556 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Crown Castle were worth $4,249,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCI. World Investment Advisors grew its stake in Crown Castle by 257.7% in the 4th quarter. World Investment Advisors now owns 7,729 shares of the real estate investment trust’s stock valued at $687,000 after buying an additional 5,568 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Crown Castle by 11.6% in the 4th quarter. Hsbc Holdings PLC now owns 1,585,857 shares of the real estate investment trust’s stock worth $140,950,000 after acquiring an additional 164,986 shares during the period. Bayban acquired a new position in Crown Castle during the 4th quarter worth $44,000. SHP Wealth Management acquired a new position in Crown Castle during the 4th quarter worth $210,000. Finally, Reflection Asset Management acquired a new position in Crown Castle during the 4th quarter worth $37,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group began coverage on Crown Castle in a research report on Friday. They issued a “neutral” rating and a $95.00 price target on the stock. Zacks Research raised Crown Castle from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. BMO Capital Markets increased their target price on Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. KeyCorp raised their target price on Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Finally, Scotiabank dropped their price target on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $98.52.

Crown Castle Stock Performance

NYSE CCI opened at $82.58 on Friday. Crown Castle Inc. has a twelve month low of $75.96 and a twelve month high of $115.76. The stock has a market cap of $36.04 billion, a PE ratio of 34.12, a PEG ratio of 0.42 and a beta of 0.93. The firm has a 50-day simple moving average of $88.61 and a 200 day simple moving average of $87.33.

Crown Castle (NYSE:CCI) last issued its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.55. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.41 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Research analysts forecast that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The company 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. The ex-dividend date is Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.1%. 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.