AG2R LA Mondiale Gestion D Actifs Makes New Investment in Crown Castle Inc. $CCI

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new stake in Crown Castle Inc. amounting to 18,438 shares valued at approximately $1.85 million.
• Multiple institutional investors have been increasing their positions in Crown Castle, with 90.77% of the stock now owned by hedge funds and other institutional investors.
• Crown Castle recently announced a quarterly dividend of $1.0625 per share, representing an annualized dividend yield of 4.5%, with the ex-dividend date on September 15th.

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,438 shares of the real estate investment trust's stock, valued at approximately $1,850,000.

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

Crown Castle Trading Down 0.0%

Shares of NYSE:CCI traded down $0.02 on Tuesday, reaching $93.55. 2,549,679 shares of the company were exchanged, compared to its average volume of 3,314,603. The company has a 50-day moving average of $102.51 and a 200-day moving average of $101.50. The firm has a market cap of $40.74 billion, a price-to-earnings ratio of -8.77, a price-to-earnings-growth ratio of 0.72 and a beta of 0.92. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.58.

Crown Castle (NYSE:CCI - Get Free Report) last announced its quarterly earnings data 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. Crown Castle had a negative net margin of 85.54% and a negative return on equity of 619.62%. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter last year, the business earned $1.62 earnings per share. The business'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, analysts forecast that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Monday, September 15th. Crown Castle's dividend payout ratio (DPR) is presently -39.83%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CCI shares. BMO Capital Markets raised Crown Castle from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $115.00 to $120.00 in a research report on Tuesday, August 19th. KeyCorp increased their price target on Crown Castle from $122.00 to $125.00 and gave the stock an "overweight" rating in a 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 note on Thursday, July 24th. Royal Bank Of Canada raised their target price on shares of Crown Castle from $112.00 to $113.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Finally, 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. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Crown Castle has a consensus rating of "Moderate Buy" and an average price target of $116.47.

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.