Pacer Advisors Inc. Boosts Stake in Crown Castle Inc. $CCI

Pacer Advisors Inc. raised its holdings in Crown Castle Inc. (NYSE:CCI) by 5.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 249,257 shares of the real estate investment trust’s stock after acquiring an additional 13,698 shares during the period. Pacer Advisors Inc. owned 0.06% of Crown Castle worth $24,051,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Winnow Wealth LLC acquired a new position in Crown Castle during the second quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Crown Castle in the 2nd quarter valued at $27,000. Rise Advisors LLC purchased a new stake in shares of Crown Castle during the 1st quarter valued at $28,000. NewSquare Capital LLC increased its holdings in shares of Crown Castle by 74.5% during the 2nd quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 120 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its holdings in shares of Crown Castle by 47.8% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 303 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 98 shares during the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Daniel K. Schlanger sold 30,000 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $98.08, for a total value of $2,942,400.00. Following the transaction, the executive vice president owned 65,571 shares in the company, valued at approximately $6,431,203.68. The trade was a 31.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Crown Castle Stock Up 0.5%

Shares of NYSE:CCI opened at $88.29 on Friday. The company has a market capitalization of $38.45 billion, a price-to-earnings ratio of -8.31, a price-to-earnings-growth ratio of 0.65 and a beta of 0.94. The company has a 50 day moving average of $90.90 and a two-hundred day moving average of $97.11. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $115.76.

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

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $1.0625 per share. The ex-dividend date is Monday, December 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.8%. Crown Castle’s dividend payout ratio (DPR) is currently -39.98%.

Analyst Ratings Changes

A number of research analysts recently weighed in on CCI shares. Wolfe Research upgraded Crown Castle from a “peer perform” rating to an “outperform” rating and set a $114.00 target price on the stock in a report on Monday, September 22nd. BMO Capital Markets reduced their price objective on Crown Castle from $114.00 to $107.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 3rd. UBS Group reissued a “buy” rating and set a $127.00 target price on shares of Crown Castle in a research report on Wednesday, December 10th. Barclays reaffirmed an “equal weight” rating and set a $101.00 price target (down from $104.00) on shares of Crown Castle in a research report on Monday, December 1st. Finally, Jefferies Financial Group dropped their price objective on shares of Crown Castle from $102.00 to $90.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $111.35.

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.