Ameritas Advisory Services LLC Invests $62,000 in Crown Castle Inc. $CCI

Ameritas Advisory Services LLC purchased a new stake in Crown Castle Inc. (NYSE:CCI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 602 shares of the real estate investment trust’s stock, valued at approximately $62,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its holdings in Crown Castle by 10.1% during the 1st quarter. Farther Finance Advisors LLC now owns 3,886 shares of the real estate investment trust’s stock valued at $407,000 after buying an additional 357 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Crown Castle by 18.9% in the first quarter. GAMMA Investing LLC now owns 5,769 shares of the real estate investment trust’s stock valued at $601,000 after acquiring an additional 916 shares during the period. Assenagon Asset Management S.A. grew its stake in Crown Castle by 6.3% during the first quarter. Assenagon Asset Management S.A. now owns 20,301 shares of the real estate investment trust’s stock valued at $2,116,000 after acquiring an additional 1,199 shares in the last quarter. CX Institutional bought a new stake in Crown Castle during the 1st quarter worth approximately $258,000. Finally, Everhart Financial Group Inc. bought a new stake in Crown Castle during the 1st quarter worth approximately $307,000. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Stock Up 1.2%

Shares of CCI stock opened at $97.74 on Monday. The business has a 50-day moving average price of $98.22 and a two-hundred day moving average price of $100.85. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $115.89. The firm has a market cap of $42.56 billion, a P/E ratio of -9.16, a price-to-earnings-growth ratio of 0.74 and a beta of 0.95.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%.Crown Castle’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.62 EPS. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. As a group, research analysts expect that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $1.0625 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.3%. Crown Castle’s dividend payout ratio is -39.83%.

Analysts Set New Price Targets

Several research analysts have commented on CCI shares. JMP Securities reissued a “market outperform” rating and issued a $125.00 price target on shares of Crown Castle in a report on Thursday, July 24th. Wall Street Zen raised Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings restated a “sell (d)” rating on shares of Crown Castle in a research report on Wednesday, October 8th. Wells Fargo & Company raised Crown Castle from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $105.00 to $125.00 in a report on Thursday, July 24th. Finally, Royal Bank Of Canada set a $112.00 price target on Crown Castle and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $115.76.

Crown Castle 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.