BNP Paribas Financial Markets Has $96.58 Million Stock Position in Crown Castle Inc. $CCI

Key Points

• BNP Paribas Financial Markets sold 82,679 shares of Crown Castle Inc., reducing its holdings by 8.2% and now owning about 0.21% of the company, valued at $96.58 million.
• Crown Castle announced a quarterly dividend of $1.0625 per share, representing an annual yield of 4.3%.
• As of the latest reports, Crown Castle's stock experienced a 1.5% increase, trading at $99.18, with a market capitalization of $43.19 billion.

BNP Paribas Financial Markets lowered its position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 8.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 926,647 shares of the real estate investment trust's stock after selling 82,679 shares during the period. BNP Paribas Financial Markets owned 0.21% of Crown Castle worth $96,584,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CCI. Integrated Wealth Concepts LLC grew its position in Crown Castle by 7.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 6,931 shares of the real estate investment trust's stock valued at $629,000 after buying an additional 473 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in Crown Castle during the fourth quarter valued at about $373,000. Lido Advisors LLC lifted its stake in Crown Castle by 6.0% during the fourth quarter. Lido Advisors LLC now owns 7,876 shares of the real estate investment trust's stock valued at $715,000 after buying an additional 445 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in Crown Castle by 17.6% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 9,090 shares of the real estate investment trust's stock valued at $825,000 after buying an additional 1,360 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in shares of Crown Castle in the fourth quarter worth approximately $2,132,000. Institutional investors own 90.77% of the company's stock.

Crown Castle Stock Down 1.0%

CCI stock traded down $1.00 during midday trading on Tuesday, hitting $98.14. 4,349,918 shares of the company traded hands, compared to its average volume of 3,240,077. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The business has a 50 day simple moving average of $103.91 and a 200-day simple moving average of $101.23. The stock has a market capitalization of $42.74 billion, a price-to-earnings ratio of -9.20, a price-to-earnings-growth ratio of 0.75 and a beta of 0.92.

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, 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 company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company posted $1.62 earnings per share. The company'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. Equities research analysts forecast that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. KeyCorp increased their price target on shares of Crown Castle from $122.00 to $125.00 and gave the stock an "overweight" rating 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. Barclays cut their price objective on shares of Crown Castle from $121.00 to $119.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. JMP Securities reaffirmed 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, JPMorgan Chase & Co. raised 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. Three investment 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. According to MarketBeat.com, Crown Castle currently has an average rating of "Moderate Buy" and a consensus target price 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.