CW Advisors LLC Acquires New Shares in Crown Castle Inc. $CCI

CW Advisors LLC acquired a new position in shares of Crown Castle Inc. (NYSE:CCI) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,040 shares of the real estate investment trust’s stock, valued at approximately $421,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC bought a new position in shares of Crown Castle during the first quarter worth about $26,000. Iron Horse Wealth Management LLC acquired a new position in Crown Castle during the 1st quarter valued at about $26,000. Centerpoint Advisors LLC bought a new position in Crown Castle in the 1st quarter worth about $26,000. Stone House Investment Management LLC bought a new position in Crown Castle in the 1st quarter worth about $27,000. Finally, American National Bank & Trust acquired a new stake in shares of Crown Castle in the first quarter valued at approximately $29,000. 90.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CCI. JMP Securities reiterated a “market outperform” rating and set a $125.00 price objective on shares of Crown Castle in a research report on Thursday, July 24th. Citigroup lifted their target price on Crown Castle from $108.00 to $124.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Wall Street Zen raised Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Raymond James Financial reissued a “strong-buy” rating and set a $124.00 price target (up from $122.00) on shares of Crown Castle in a report on Thursday, July 24th. Finally, Bank of America initiated coverage on shares of Crown Castle in a report on Monday, May 19th. They issued a “buy” rating and a $115.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $116.41.

Crown Castle Stock Performance

CCI opened at $100.24 on Thursday. The company has a market capitalization of $43.65 billion, a PE ratio of -9.39, a P/E/G ratio of 0.77 and a beta of 0.89. The stock’s fifty day moving average is $104.02 and its 200-day moving average is $100.89. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92.

Crown Castle (NYSE:CCI) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.02. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%.The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company earned $1.62 earnings per share. Crown Castle’s 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, equities research analysts forecast that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The firm 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 dividend yield of 4.2%. The ex-dividend date is Monday, September 15th. Crown Castle’s payout ratio is presently -39.83%.

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.