MASTERINVEST Kapitalanlage GmbH Invests $1.13 Million in Crown Castle Inc. $CCI

MASTERINVEST Kapitalanlage GmbH bought a new stake in Crown Castle Inc. (NYSE:CCI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,949 shares of the real estate investment trust’s stock, valued at approximately $1,125,000.

A number of other institutional investors have also added to or reduced their stakes in CCI. Norges Bank bought a new position in shares of Crown Castle in the 2nd quarter valued at about $629,431,000. Lazard Asset Management LLC raised its holdings in shares of Crown Castle by 3,051.5% in the 2nd quarter. Lazard Asset Management LLC now owns 5,472,810 shares of the real estate investment trust’s stock valued at $562,221,000 after purchasing an additional 5,299,155 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Crown Castle by 144.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,433,109 shares of the real estate investment trust’s stock valued at $357,834,000 after purchasing an additional 2,028,718 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in Crown Castle during the first quarter worth about $149,661,000. Finally, JPMorgan Chase & Co. grew its holdings in Crown Castle by 33.9% during the second quarter. JPMorgan Chase & Co. now owns 3,657,030 shares of the real estate investment trust’s stock worth $375,697,000 after purchasing an additional 926,721 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCI has been the topic of several research analyst reports. Barclays restated an “equal weight” rating and issued a $101.00 price objective (down previously from $104.00) on shares of Crown Castle in a research note on Monday, December 1st. UBS Group restated a “buy” rating and issued a $127.00 price target on shares of Crown Castle in a research note on Wednesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Crown Castle in a research report on Monday, December 8th. BMO Capital Markets dropped their price objective on shares of Crown Castle from $114.00 to $107.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada set a $112.00 target price on shares of Crown Castle and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Crown Castle currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.59.

Crown Castle Stock Performance

CCI opened at $90.98 on Monday. The stock has a fifty day moving average of $92.72 and a 200-day moving average of $97.93. The company has a market capitalization of $39.62 billion, a P/E ratio of -8.56, a P/E/G ratio of 0.67 and a beta of 0.94. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $115.76.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.08. Crown Castle had a negative net margin of 95.37% and a negative return on equity of 619.62%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm earned $1.84 earnings per share. Crown Castle’s revenue for the quarter was down 4.3% compared to the same quarter last year. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. On average, equities research analysts predict that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Monday, December 15th. Crown Castle’s payout ratio is presently -39.98%.

Insider Activity

In related news, EVP Daniel K. Schlanger sold 30,000 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $98.08, for a total transaction of $2,942,400.00. Following the sale, the executive vice president owned 65,571 shares of the company’s stock, valued at $6,431,203.68. This represents a 31.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Crown Castle Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.