Calton & Associates Inc. Acquires New Stake in Crown Castle Inc. $CCI

Key Points

• Calton & Associates Inc. has acquired 3,260 shares of Crown Castle Inc. valued at approximately $340,000, as reported in their recent 13F filing with the SEC.
• Multiple hedge funds including Pinnacle Wealth Planning and Panagora Asset Management have made significant investments in Crown Castle, with a 90.77% institutional ownership of the stock.
• Crown Castle announced a quarterly dividend of $1.0625, which equates to an annualized yield of 4.3%, scheduled to be paid on September 30th to investors recorded by September 15th.

Calton & Associates Inc. purchased a new stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,260 shares of the real estate investment trust's stock, valued at approximately $340,000.

Several other institutional investors also recently bought and sold shares of CCI. Lido Advisors LLC grew its holdings in Crown Castle by 6.0% in the fourth quarter. Lido Advisors LLC now owns 7,876 shares of the real estate investment trust's stock valued at $715,000 after purchasing an additional 445 shares during the period. Schonfeld Strategic Advisors LLC grew its holdings in Crown Castle by 17.6% in 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 purchasing an additional 1,360 shares during the period. AXA S.A. grew its holdings in Crown Castle by 89.7% in the fourth quarter. AXA S.A. now owns 62,202 shares of the real estate investment trust's stock valued at $5,645,000 after purchasing an additional 29,420 shares during the period. Aptus Capital Advisors LLC grew its holdings in Crown Castle by 10.7% in the fourth quarter. Aptus Capital Advisors LLC now owns 4,384 shares of the real estate investment trust's stock valued at $398,000 after purchasing an additional 424 shares during the period. Finally, Bearing Point Capital LLC acquired a new stake in Crown Castle in the fourth quarter valued at approximately $472,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Stock Down 1.7%

NYSE:CCI traded down $1.64 on Thursday, reaching $95.43. The company's stock had a trading volume of 3,967,231 shares, compared to its average volume of 3,245,370. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The firm has a market cap of $41.56 billion, a price-to-earnings ratio of -8.94, a price-to-earnings-growth ratio of 0.75 and a beta of 0.92. The stock has a 50 day moving average price of $103.71 and a 200 day moving average price of $101.18.

Crown Castle (NYSE:CCI - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 EPS for the quarter, beating analysts' consensus estimates 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 in the previous year, the business earned $1.62 earnings per share. The company's revenue for the quarter was down 4.2% on a year-over-year basis. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. Equities research analysts expect that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, September 15th. This represents a $4.25 dividend on an annualized basis and a yield of 4.5%. Crown Castle's payout ratio is currently -39.83%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Bank of America assumed coverage on Crown Castle in a report on Monday, May 19th. They issued a "buy" rating and a $115.00 price objective on the stock. Wall Street Zen raised Crown Castle from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Barclays lowered their price target on Crown Castle from $121.00 to $119.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. BMO Capital Markets raised Crown Castle from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $115.00 to $120.00 in a research note on Tuesday, August 19th. Finally, UBS Group lifted their price target on Crown Castle from $124.00 to $127.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Three 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.