Commerzbank Aktiengesellschaft FI Raises Stock Holdings in Crown Castle Inc. $CCI

Commerzbank Aktiengesellschaft FI boosted its stake in Crown Castle Inc. (NYSE:CCI) by 12.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,288 shares of the real estate investment trust’s stock after buying an additional 4,772 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Crown Castle were worth $4,447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Iron Horse Wealth Management LLC purchased a new stake in Crown Castle in the 1st quarter valued at about $26,000. Centerpoint Advisors LLC purchased a new stake in Crown Castle in the 1st quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new stake in Crown Castle in the 1st quarter valued at about $26,000. Stone House Investment Management LLC purchased a new stake in Crown Castle in the 1st quarter valued at about $27,000. Finally, Rise Advisors LLC purchased a new stake in Crown Castle during the first quarter worth about $28,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CCI. JPMorgan Chase & Co. boosted their price target on shares of Crown Castle from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Barclays boosted their price target on shares of Crown Castle from $119.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, September 15th. UBS Group boosted their price target on shares of Crown Castle from $124.00 to $127.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, Wells Fargo & Company upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $105.00 to $125.00 in a research note on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.76.

Crown Castle Stock Performance

Shares of Crown Castle stock opened at $96.60 on Friday. Crown Castle Inc. has a one year low of $84.20 and a one year high of $115.89. The company has a market cap of $42.07 billion, a PE ratio of -9.05, a P/E/G ratio of 0.73 and a beta of 0.95. The business has a 50-day simple moving average of $98.40 and a 200-day simple moving average of $100.88.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data 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 return on equity of 619.62% and a negative net margin of 85.54%.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 company posted $1.62 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. On average, sell-side analysts predict that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, September 15th. Crown Castle’s dividend 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.