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

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCI. Vanguard Group Inc. grew its position in shares of 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 buying an additional 6,341,150 shares during the period. Nuveen LLC purchased a new stake in shares of Crown Castle in the 1st quarter worth about $305,876,000. Deutsche Bank AG grew its position in shares of Crown Castle by 60.9% in 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 grew its position in shares of Crown Castle by 144.5% in 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. grew its position in shares of Crown Castle by 107.3% in 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 owned by hedge funds and other institutional investors.

Crown Castle Stock Down 2.4%

Shares of NYSE CCI opened at $97.76 on Friday. The firm's 50-day moving average price is $103.99 and its 200-day moving average price is $100.95. The company has a market cap of $42.57 billion, a PE ratio of -9.16, a PEG ratio of 0.76 and a beta of 0.89. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.02. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate 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 last year, the firm posted $1.62 EPS. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. As a group, equities research analysts anticipate that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. UBS Group upped their target price on shares of Crown Castle from $124.00 to $127.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Wells Fargo & Company raised shares of Crown Castle from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $105.00 to $125.00 in a research report on Thursday, July 24th. Wall Street Zen raised shares of Crown Castle from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. JMP Securities reissued a "market outperform" rating and set a $125.00 price objective on shares of Crown Castle in a research report on Thursday, July 24th. Finally, KeyCorp increased their price objective on shares of Crown Castle from $122.00 to $125.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently 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.

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