CX Institutional Boosts Stake in Crown Castle Inc. $CCI

CX Institutional increased its position in shares of Crown Castle Inc. (NYSE:CCI) by 10.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,742 shares of the real estate investment trust’s stock after purchasing an additional 266 shares during the quarter. CX Institutional’s holdings in Crown Castle were worth $282,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCI. Central Pacific Bank Trust Division raised its holdings in Crown Castle by 182.6% during the first quarter. Central Pacific Bank Trust Division now owns 13,435 shares of the real estate investment trust’s stock worth $1,400,000 after purchasing an additional 8,681 shares during the last quarter. Versant Capital Management Inc raised its holdings in Crown Castle by 95.2% during the first quarter. Versant Capital Management Inc now owns 408 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 199 shares during the last quarter. Quent Capital LLC raised its holdings in Crown Castle by 15.6% during the first quarter. Quent Capital LLC now owns 1,657 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 224 shares during the last quarter. GAMMA Investing LLC raised its holdings in Crown Castle by 12,290.3% during the first quarter. GAMMA Investing LLC now owns 601,303 shares of the real estate investment trust’s stock worth $62,674,000 after purchasing an additional 596,450 shares during the last quarter. Finally, Rothschild Investment LLC raised its holdings in Crown Castle by 1.5% during the first quarter. Rothschild Investment LLC now owns 12,375 shares of the real estate investment trust’s stock worth $1,290,000 after purchasing an additional 180 shares during the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCI has been the subject of several research reports. Royal Bank Of Canada lifted their price objective on Crown Castle from $112.00 to $113.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. Wolfe Research raised Crown Castle from a “peer perform” rating to an “outperform” rating and set a $114.00 price target for the company in a report on Monday, September 22nd. JPMorgan Chase & Co. boosted their price target on Crown Castle from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Wall Street Zen raised Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, KeyCorp cut their price target on Crown Castle from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.82.

Crown Castle Trading Up 1.4%

NYSE CCI opened at $95.30 on Friday. The business’s 50-day moving average price is $100.82 and its 200 day moving average price is $101.33. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $119.56. The company has a market capitalization of $41.50 billion, a PE ratio of -8.93, a price-to-earnings-growth ratio of 0.72 and a beta of 0.92.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 EPS for the quarter, beating the consensus estimate of $1.00 by $0.02. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 EPS. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. Equities analysts predict that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

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