Crown Castle Inc. $CCI Position Raised by D.A. Davidson & CO.

D.A. Davidson & CO. grew its position in shares of Crown Castle Inc. (NYSE:CCI) by 39.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,408 shares of the real estate investment trust’s stock after acquiring an additional 11,529 shares during the quarter. D.A. Davidson & CO.’s holdings in Crown Castle were worth $3,286,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Crown Castle by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 69,769,393 shares of the real estate investment trust’s stock valued at $6,200,406,000 after purchasing an additional 386,733 shares during the last quarter. Cohen & Steers Inc. boosted its stake in Crown Castle by 11.0% during the 4th quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock valued at $3,536,214,000 after purchasing an additional 3,953,685 shares during the period. State Street Corp grew its position in Crown Castle by 2.4% in the 4th quarter. State Street Corp now owns 22,239,559 shares of the real estate investment trust’s stock worth $1,976,430,000 after purchasing an additional 511,018 shares during the last quarter. Wellington Management Group LLP grew its position in Crown Castle by 2.8% in the 4th quarter. Wellington Management Group LLP now owns 13,986,852 shares of the real estate investment trust’s stock worth $1,243,012,000 after purchasing an additional 380,419 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of 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 valued at $1,156,972,000 after purchasing an additional 184,533 shares during the period. Institutional investors own 90.77% of the company’s stock.

Crown Castle Price Performance

Crown Castle stock opened at $79.24 on Monday. Crown Castle Inc. has a 12-month low of $73.75 and a 12-month high of $115.76. The stock has a market capitalization of $34.59 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. The firm has a 50 day simple moving average of $85.66 and a 200-day simple moving average of $86.16.

Crown Castle (NYSE:CCI) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, topping the consensus estimate of $0.47 by $0.55. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.41 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, 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 declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $1.0625 per share. The ex-dividend date was Monday, June 15th. This represents a $4.25 annualized dividend and a dividend yield of 5.4%. Crown Castle’s dividend payout ratio (DPR) is 175.62%.

Wall Street Analysts Forecast Growth

CCI has been the topic of several analyst reports. Raymond James Financial raised their target price on Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group initiated coverage on Crown Castle in a research report on Friday, June 26th. They set a “neutral” rating and a $95.00 price target for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. BMO Capital Markets raised their price target on Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Finally, Jefferies Financial Group lifted their price objective on shares of Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $98.52.

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.