Samalin Investment Counsel LLC Acquires New Shares in Crown Castle Inc. $CCI

Key Points

• Samalin Investment Counsel LLC has acquired 2,761 shares of Crown Castle Inc., valued at approximately $288,000, as reported in its 1st quarter SEC filing.
• Crown Castle's latest earnings report showed an EPS of $1.02, beating predictions, but revenue has decreased by 4.2% compared to the previous year.
• The company has announced a quarterly dividend of $1.0625 per share, reflecting an annualized yield of 4.2%, to be paid on September 30th.

Samalin Investment Counsel LLC purchased a new stake in Crown Castle Inc. (NYSE:CCI - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,761 shares of the real estate investment trust's stock, valued at approximately $288,000.

Other large investors have also recently bought and sold shares of the company. Iron Horse Wealth Management LLC bought a new stake in Crown Castle in the first quarter valued at $26,000. Centerpoint Advisors LLC bought a new stake in Crown Castle in the first quarter valued at $26,000. Opal Wealth Advisors LLC bought a new stake in Crown Castle in the first quarter valued at $26,000. Stone House Investment Management LLC bought a new stake in Crown Castle in the first quarter valued at $27,000. Finally, American National Bank & Trust bought a new stake in Crown Castle in the first quarter valued at $29,000. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Trading Up 1.5%

Shares of CCI traded up $1.44 during trading hours on Friday, hitting $99.18. 3,262,933 shares of the stock traded hands, compared to its average volume of 3,001,966. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The firm has a market capitalization of $43.19 billion, a PE ratio of -9.30, a price-to-earnings-growth ratio of 0.75 and a beta of 0.89. The business has a fifty day moving average of $103.98 and a 200-day moving average of $101.08.

Crown Castle (NYSE:CCI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the firm posted $1.62 earnings per share. The firm's revenue for the quarter 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. As a group, equities research analysts expect that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, September 15th. Crown Castle's dividend payout ratio is -39.83%.

Wall Street Analysts Forecast Growth

CCI has been the topic of a number of analyst reports. Citigroup upped their price target on Crown Castle from $108.00 to $124.00 and gave the company a "buy" rating in a research report on Monday, May 5th. 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. BMO Capital Markets raised Crown Castle from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $115.00 to $120.00 in a research note on Tuesday, August 19th. Wells Fargo & Company raised Crown Castle from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $105.00 to $125.00 in a research note on Thursday, July 24th. Finally, Scotiabank boosted 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. Three 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's stock. Based on data from MarketBeat.com, Crown Castle presently has a consensus rating of "Moderate Buy" and an average target price of $116.41.

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.