Intrua Financial LLC Purchases 867 Shares of Crown Castle Inc. $CCI

Intrua Financial LLC raised its position in Crown Castle Inc. (NYSE:CCI) by 32.2% during the 1st quarter, HoldingsChannel reports. The fund owned 3,561 shares of the real estate investment trust’s stock after buying an additional 867 shares during the quarter. Intrua Financial LLC’s holdings in Crown Castle were worth $371,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CCI. Opal Wealth Advisors LLC bought a new stake in Crown Castle in the 1st quarter valued at approximately $26,000. Iron Horse Wealth Management LLC bought a new stake in Crown Castle in the 1st quarter valued at approximately $26,000. Centerpoint Advisors LLC bought a new stake in Crown Castle in the 1st quarter valued at approximately $26,000. Stone House Investment Management LLC bought a new stake in Crown Castle in the 1st quarter valued at approximately $27,000. Finally, Rise Advisors LLC bought a new stake in Crown Castle in the 1st quarter valued at approximately $28,000. Institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CCI. BMO Capital Markets upgraded Crown Castle from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $115.00 to $120.00 in a research note on Tuesday, August 19th. Bank of America began coverage on Crown Castle in a research note on Monday, May 19th. They set a “buy” rating and a $115.00 price objective on the stock. Scotiabank upped their price objective on Crown Castle from $109.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Wells Fargo & Company upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $105.00 to $125.00 in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective on Crown Castle from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $116.41.

Crown Castle Trading Up 1.6%

CCI stock opened at $95.56 on Friday. The firm has a market capitalization of $41.61 billion, a PE ratio of -8.96, a PEG ratio of 0.71 and a beta of 0.92. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The business’s 50 day simple moving average is $102.82 and its 200 day simple moving average is $101.37.

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

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $1.0625 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.4%. Crown Castle’s dividend payout ratio (DPR) is currently -39.83%.

About Crown Castle

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.