Samalin Investment Counsel LLC Purchases New Position 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 acquired a new position in Crown Castle Inc. (NYSE:CCI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,761 shares of the real estate investment trust's stock, valued at approximately $288,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Crown Castle by 10.1% in the 1st quarter. Vanguard Group Inc. now owns 68,840,605 shares of the real estate investment trust's stock worth $7,175,256,000 after acquiring an additional 6,341,150 shares during the last quarter. Wellington Management Group LLP raised its holdings in Crown Castle by 2.6% in the 1st quarter. Wellington Management Group LLP now owns 21,387,895 shares of the real estate investment trust's stock worth $2,229,260,000 after acquiring an additional 538,049 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Crown Castle by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,992,402 shares of the real estate investment trust's stock valued at $624,584,000 after buying an additional 72,511 shares during the last quarter. Deutsche Bank AG raised its stake in Crown Castle by 60.9% during the 1st quarter. Deutsche Bank AG now owns 5,472,921 shares of the real estate investment trust's stock valued at $570,443,000 after buying an additional 2,072,198 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Crown Castle by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,212,165 shares of the real estate investment trust's stock valued at $543,264,000 after buying an additional 90,371 shares during the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Trading Up 1.5%

Crown Castle stock traded up $1.44 during mid-day trading on Monday, hitting $99.18. The stock had a trading volume of 3,262,933 shares, compared to its average volume of 2,993,643. The firm has a market capitalization of $43.19 billion, a P/E ratio of -9.30, a P/E/G ratio of 0.75 and a beta of 0.92. The firm's 50 day moving average is $103.98 and its 200 day moving average is $101.16. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92.

Crown Castle (NYSE:CCI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 EPS for the quarter, topping the consensus estimate of $1.00 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.04 billion. Crown Castle had a negative net margin of 85.54% and a negative return on equity of 619.62%. The business's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.62 EPS. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. As a group, equities research analysts forecast that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $1.0625 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.3%. Crown Castle's dividend payout ratio (DPR) is presently -39.83%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CCI shares. JMP Securities reiterated a "market outperform" rating and set a $125.00 target price on shares of Crown Castle in a research note on Thursday, July 24th. Barclays decreased their target price on shares of Crown Castle from $121.00 to $119.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. Raymond James Financial reissued a "strong-buy" rating and set a $124.00 price objective (up previously from $122.00) on shares of Crown Castle in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of Crown Castle from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen raised shares of Crown Castle from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $116.41.

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.