Crown Castle Inc. $CCI Shares Purchased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Crown Castle Inc. (NYSE:CCI) by 8.0% in the 1st quarter, Holdings Channel reports. The firm owned 4,508,299 shares of the real estate investment trust’s stock after purchasing an additional 332,220 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC’s holdings in Crown Castle were worth $469,900,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CHICAGO TRUST Co NA lifted its stake in shares of Crown Castle by 3.0% in the first quarter. CHICAGO TRUST Co NA now owns 3,532 shares of the real estate investment trust’s stock valued at $368,000 after purchasing an additional 104 shares during the period. Harbour Investments Inc. lifted its stake in shares of Crown Castle by 18.9% in the first quarter. Harbour Investments Inc. now owns 672 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 107 shares during the period. Abel Hall LLC lifted its stake in shares of Crown Castle by 1.8% in the first quarter. Abel Hall LLC now owns 6,393 shares of the real estate investment trust’s stock valued at $666,000 after purchasing an additional 115 shares during the period. Beacon Capital Management LLC lifted its stake in shares of Crown Castle by 36.6% in the first quarter. Beacon Capital Management LLC now owns 448 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 120 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in Crown Castle by 0.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 37,357 shares of the real estate investment trust’s stock worth $3,894,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CCI shares. Raymond James Financial restated a “strong-buy” rating and set a $124.00 target price (up previously from $122.00) on shares of Crown Castle in a research report on Thursday, July 24th. Royal Bank Of Canada lifted their target price on shares of Crown Castle from $112.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Scotiabank lifted their target price on shares of Crown Castle from $109.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. BMO Capital Markets upgraded shares of Crown Castle from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $115.00 to $120.00 in a research report on Tuesday, August 19th. Finally, Barclays cut their target price on shares of Crown Castle from $121.00 to $119.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $116.41.

Crown Castle Price Performance

Shares of NYSE CCI opened at $94.47 on Wednesday. The company has a market cap of $41.14 billion, a PE ratio of -8.85, a price-to-earnings-growth ratio of 0.71 and a beta of 0.92. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92. The company has a 50-day simple moving average of $103.15 and a 200-day simple moving average of $101.40.

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

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, September 15th. Crown Castle’s payout ratio is presently -39.83%.

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.