Crown Castle Inc. (NYSE:CCI) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

03 Jul 2025, 05:16 by Teresa Graham · The Cerbat Gem

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Crown Castle Inc. (NYSE:CCI – Free Report) by 1.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 50,408 shares of the real estate investment trust’s stock after acquiring an additional 807 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Crown Castle were worth $5,254,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Twin Tree Management LP acquired a new stake in shares of Crown Castle in the fourth quarter worth approximately $25,000. Opal Wealth Advisors LLC purchased a new position in Crown Castle during the first quarter worth approximately $26,000. American National Bank & Trust acquired a new position in shares of Crown Castle in the 1st quarter valued at $29,000. Capital Advisors Ltd. LLC grew its stake in shares of Crown Castle by 62.1% during the 1st quarter. Capital Advisors Ltd. LLC now owns 347 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 133 shares during the period. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Crown Castle during the 4th quarter worth $38,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Price Performance

Crown Castle stock opened at $103.13 on Thursday. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The company has a market capitalization of $44.91 billion, a price-to-earnings ratio of -9.58, a price-to-earnings-growth ratio of 0.80 and a beta of 0.88. The firm’s fifty day moving average price is $101.39 and its 200 day moving average price is $96.79.

Crown Castle (NYSE:CCI – Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.62). Crown Castle had a negative return on equity of 164.40% and a negative net margin of 78.12%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm posted $1.72 earnings per share. The firm’s revenue was down 4.8% compared to the same quarter last year. Analysts forecast that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $1.0625 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.25 annualized dividend and a yield of 4.12%. Crown Castle’s dividend payout ratio is presently -39.50%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CCI. Wall Street Zen lowered Crown Castle from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Scotiabank raised their price objective on Crown Castle from $99.00 to $109.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 22nd. Royal Bank Of Canada lifted their price objective on Crown Castle from $107.00 to $112.00 and gave the company a “sector perform” rating in a research note on Friday, May 2nd. JMP Securities increased their target price on shares of Crown Castle from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 1st. Finally, UBS Group raised shares of Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.71.

View Our Latest Research Report on Crown Castle

Insider Buying and Selling at Crown Castle

In other Crown Castle news, VP Robert Sean Collins sold 3,600 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $106.72, for a total transaction of $384,192.00. Following the transaction, the vice president directly owned 6,465 shares in the company, valued at $689,944.80. This represents a 35.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Daniel K. Schlanger sold 20,000 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $106.38, for a total transaction of $2,127,600.00. Following the transaction, the chief executive officer directly owned 110,571 shares of the company’s stock, valued at approximately $11,762,542.98. This represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,600 shares of company stock valued at $3,362,752 in the last three months. Corporate insiders own 0.10% of the company’s stock.

About Crown Castle

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