Compass Financial Management LLC Purchases Shares of 35,347 Crown Castle Inc. $CCI

Key Points

• Compass Financial Management acquired 35,347 Crown Castle shares worth approximately $2.68 million, while institutional investors collectively own 90.77% of the company.
• Analysts maintain a consensus “Moderate Buy” rating with a $95.13 price target, compared with Crown Castle’s recent share price of $75.53.
• Crown Castle missed quarterly EPS estimates, reporting $0.22 versus $0.39 expected, while revenue reached $1.01 billion. The company declared a quarterly dividend of $1.0625, implying a 5.6% annualized yield.

Compass Financial Management LLC acquired a new position in Crown Castle Inc. (NYSE:CCI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 35,347 shares of the real estate investment trust's stock, valued at approximately $2,678,000.

A number of other institutional investors have also bought and sold shares of CCI. Wiser Advisor Group LLC purchased a new stake in shares of Crown Castle during the third quarter worth about $29,000. Hilton Head Capital Partners LLC boosted its stake in Crown Castle by 55.6% in the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 134 shares during the period. Triumph Capital Management bought a new position in Crown Castle in the 3rd quarter worth approximately $31,000. Global Assets Advisory LLC purchased a new stake in Crown Castle during the 1st quarter valued at approximately $32,000. Finally, MV Capital Management Inc. purchased a new stake in Crown Castle during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 90.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CCI shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of Crown Castle in a research report on Wednesday. Citizens Jmp dropped their target price on shares of Crown Castle from $125.00 to $120.00 and set a "market outperform" rating for the company in a research report on Friday, July 24th. Jefferies Financial Group cut their target price on shares of Crown Castle from $88.00 to $82.00 and set a "hold" rating for the company in a research note on Wednesday, July 15th. Royal Bank Of Canada reduced their price target on shares of Crown Castle from $92.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, July 23rd. Finally, TD Cowen decreased their price target on shares of Crown Castle from $94.00 to $92.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $95.13.

Crown Castle Price Performance

NYSE:CCI opened at $75.53 on Friday. The company has a market cap of $32.13 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 0.40 and a beta of 0.95. Crown Castle Inc. has a 1 year low of $69.72 and a 1 year high of $104.61. The stock's 50 day simple moving average is $77.86 and its two-hundred day simple moving average is $84.11.

Crown Castle (NYSE:CCI - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.17). Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.05 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The firm's revenue was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, analysts anticipate that Crown Castle Inc. will post 4.39 EPS for the current year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.0625 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.6%. Crown Castle's dividend payout ratio (DPR) is presently 215.74%.

Insider Buying and Selling

In other Crown Castle news, VP Robert Sean Collins sold 1,500 shares of the business's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $113,835.00. Following the sale, the vice president directly owned 5,113 shares of the company's stock, valued at $388,025.57. The trade was a 22.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.09% of the company's stock.

About Crown Castle

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company's assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.

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