Aperture Investors LLC Makes New Investment in Crown Castle Inc. $CCI

Key Points

• Aperture Investors LLC has acquired 37,313 shares of Crown Castle Inc. (CCI) valued at approximately $3,889,000, according to its latest 13F filing with the SEC.
• Crown Castle reported a quarterly earnings per share (EPS) of $1.02, beating expectations, but faced a negative return on equity of -619.62% and a revenue decrease of 4.2% compared to the same quarter last year.
• The company also announced a quarterly dividend of $1.0625, representing an annualized yield of 4.3%, with the payment scheduled for September 30th.

Aperture Investors LLC acquired a new position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 37,313 shares of the real estate investment trust's stock, valued at approximately $3,889,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Crown Castle by 10.1% during 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 buying an additional 6,341,150 shares during the period. Nuveen LLC bought a new stake in shares of Crown Castle during the 1st quarter worth about $305,876,000. Deutsche Bank AG boosted its holdings in shares of 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 worth $570,443,000 after buying an additional 2,072,198 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Crown Castle by 144.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,433,109 shares of the real estate investment trust's stock worth $357,834,000 after buying an additional 2,028,718 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Crown Castle by 107.3% during the 1st quarter. JPMorgan Chase & Co. now owns 2,730,309 shares of the real estate investment trust's stock worth $284,580,000 after buying an additional 1,412,992 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Price Performance

CCI stock traded down $0.73 during trading on Wednesday, reaching $97.37. 1,365,892 shares of the company were exchanged, compared to its average volume of 3,228,466. The company has a 50-day moving average of $103.81 and a two-hundred day moving average of $101.21. The company has a market capitalization of $42.40 billion, a price-to-earnings ratio of -9.14, a P/E/G ratio of 0.75 and a beta of 0.92. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92.

Crown Castle (NYSE:CCI - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.02. The business had revenue of $1.06 billion during 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 firm's quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.62 EPS. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. On average, analysts forecast 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 given a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 4.4%. The ex-dividend date is Monday, September 15th. Crown Castle's dividend payout ratio is -39.83%.

Analyst Upgrades and Downgrades

CCI has been the subject of several research analyst reports. Royal Bank Of Canada lifted their target price on shares of Crown Castle from $112.00 to $113.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Wall Street Zen raised shares of Crown Castle from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Scotiabank boosted their price objective on shares of Crown Castle from $109.00 to $114.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Wells Fargo & Company raised shares of Crown Castle from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $105.00 to $125.00 in a report on Thursday, July 24th. Finally, Barclays cut their price objective on shares of Crown Castle from $121.00 to $119.00 and set an "overweight" rating for the company in a report on Monday, August 18th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.41.

Crown Castle 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.