Crown Castle Inc. $CCI Shares Acquired by AlphaQuest LLC

AlphaQuest LLC lifted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 52.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,630 shares of the real estate investment trust’s stock after purchasing an additional 6,084 shares during the quarter. AlphaQuest LLC’s holdings in Crown Castle were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Iron Horse Wealth Management LLC acquired a new stake in shares of Crown Castle during the 1st quarter worth approximately $26,000. Centerpoint Advisors LLC acquired a new stake in shares of Crown Castle during the 1st quarter worth approximately $26,000. Stone House Investment Management LLC acquired a new stake in shares of Crown Castle during the 1st quarter worth approximately $27,000. Rise Advisors LLC acquired a new stake in shares of Crown Castle during the 1st quarter worth approximately $28,000. Finally, WPG Advisers LLC acquired a new stake in Crown Castle in the 1st quarter valued at approximately $33,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCI has been the topic of several analyst reports. Barclays raised their target price on Crown Castle from $119.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, September 15th. JPMorgan Chase & Co. lowered their price target on Crown Castle from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Thursday. The Goldman Sachs Group lifted their price target on Crown Castle from $115.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday. UBS Group lifted their price target on Crown Castle from $124.00 to $127.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, Wells Fargo & Company lowered their price target on Crown Castle from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Crown Castle presently has an average rating of “Moderate Buy” and a consensus target price of $113.12.

Crown Castle Stock Up 0.3%

CCI opened at $98.58 on Friday. The firm has a market cap of $42.93 billion, a PE ratio of -9.27, a P/E/G ratio of 0.74 and a beta of 0.95. The business has a fifty day simple moving average of $97.03 and a 200-day simple moving average of $100.58. 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 data on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.08. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 95.37%.The company’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the company posted $1.84 EPS. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. On average, equities research analysts anticipate that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $1.0625 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.3%. Crown Castle’s dividend payout ratio (DPR) is currently -39.98%.

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.