Universal Beteiligungs und Servicegesellschaft mbH Acquires 84,838 Shares of Crown Castle Inc. $CCI

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 15.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 625,855 shares of the real estate investment trust’s stock after purchasing an additional 84,838 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Crown Castle were worth $64,294,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CCI. Y.D. More Investments Ltd raised its holdings in shares of Crown Castle by 25.3% in the 2nd quarter. Y.D. More Investments Ltd now owns 2,593 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 523 shares in the last quarter. Ontario Teachers Pension Plan Board raised its stake in Crown Castle by 134.5% during the second quarter. Ontario Teachers Pension Plan Board now owns 20,202 shares of the real estate investment trust’s stock worth $2,075,000 after acquiring an additional 11,587 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Crown Castle by 5.3% during the second quarter. Avantax Advisory Services Inc. now owns 45,906 shares of the real estate investment trust’s stock valued at $4,716,000 after acquiring an additional 2,296 shares during the period. Intech Investment Management LLC boosted its stake in shares of Crown Castle by 10.1% in the 2nd quarter. Intech Investment Management LLC now owns 25,844 shares of the real estate investment trust’s stock valued at $2,655,000 after purchasing an additional 2,380 shares in the last quarter. Finally, Creative Planning grew its holdings in shares of Crown Castle by 8.0% in the 2nd quarter. Creative Planning now owns 68,144 shares of the real estate investment trust’s stock worth $7,000,000 after purchasing an additional 5,071 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on CCI. BMO Capital Markets decreased their price objective on shares of Crown Castle from $120.00 to $114.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. JPMorgan Chase & Co. dropped their price target on Crown Castle from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Thursday, October 23rd. JMP Securities reissued a “market outperform” rating and issued a $125.00 price objective on shares of Crown Castle in a research note on Thursday, July 24th. Scotiabank lifted their price target on Crown Castle from $109.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, July 25th. Finally, Raymond James Financial decreased their price objective on shares of Crown Castle from $124.00 to $120.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 23rd. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Crown Castle has an average rating of “Moderate Buy” and a consensus price target of $112.18.

Crown Castle Price Performance

Shares of NYSE CCI traded down $0.47 during mid-day trading on Monday, hitting $91.21. The company’s stock had a trading volume of 159,836 shares, compared to its average volume of 3,255,119. Crown Castle Inc. has a one year low of $84.20 and a one year high of $115.76. The company’s fifty day simple moving average is $94.55 and its 200-day simple moving average is $99.66. The stock has a market cap of $39.72 billion, a price-to-earnings ratio of -8.57, a price-to-earnings-growth ratio of 0.68 and a beta of 0.94.

Crown Castle (NYSE:CCI) last released its earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.08. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. Crown Castle had a negative net margin of 95.37% and a negative return on equity of 619.62%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.84 EPS. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. On average, sell-side analysts predict that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $1.0625 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.25 annualized dividend and a yield of 4.7%. Crown Castle’s payout ratio is presently -39.98%.

Insider Activity

In related news, EVP Daniel K. Schlanger sold 30,000 shares of the stock in a transaction on Friday, October 24th. The stock was sold at an average price of $98.08, for a total value of $2,942,400.00. Following the sale, the executive vice president owned 65,571 shares in the company, valued at approximately $6,431,203.68. This represents a 31.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

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.