Compass Wealth Management LLC Makes New Investment in Crown Castle Inc. $CCI

Key Points

• Compass Wealth Management acquired 71,581 Crown Castle shares during the second quarter, valued at approximately $5.42 million. Institutional investors and hedge funds collectively own 90.77% of the company.
• Wall Street analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $95.13, despite several recent target reductions.
• Crown Castle reported quarterly EPS of $0.22, missing estimates of $0.39, while revenue rose to $1.01 billion but declined 4.9% year over year. The company declared a $1.0625 quarterly dividend, implying a 5.7% annualized yield.

Compass Wealth Management LLC acquired a new stake in Crown Castle Inc. (NYSE:CCI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 71,581 shares of the real estate investment trust's stock, valued at approximately $5,421,000.

Other large investors have also modified their holdings of the company. Wiser Advisor Group LLC purchased a new stake in Crown Castle in the 3rd quarter valued at $29,000. Hilton Head Capital Partners LLC grew its position in Crown Castle by 55.6% during 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 last quarter. Triumph Capital Management purchased a new position in Crown Castle during the 3rd quarter worth $31,000. Global Assets Advisory LLC acquired a new position in Crown Castle in the first quarter valued at $32,000. Finally, Salomon & Ludwin LLC increased its stake in Crown Castle by 128.7% in the fourth quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 215 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Robert Sean Collins sold 1,500 shares of the firm'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 value of $113,835.00. Following the completion of the transaction, the vice president directly owned 5,113 shares of the company's stock, valued at $388,025.57. This trade represents a 22.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CCI. Weiss Ratings reiterated a "hold (c-)" rating on shares of Crown Castle in a research note on Friday, May 22nd. Citizens Jmp dropped their price target on Crown Castle from $125.00 to $120.00 and set a "market outperform" rating on the stock in a research report on Friday, July 24th. TD Cowen reduced their price objective on Crown Castle from $94.00 to $92.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd. Citigroup reaffirmed a "market outperform" rating on shares of Crown Castle in a research report on Friday, July 24th. Finally, BMO Capital Markets dropped their target price on Crown Castle from $100.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $95.13.

Crown Castle Stock Down 0.5%

Shares of CCI opened at $74.04 on Wednesday. The company has a 50-day simple moving average of $78.90 and a 200-day simple moving average of $84.34. The company has a market capitalization of $31.50 billion, a PE ratio of 37.58, a P/E/G ratio of 0.40 and a beta of 0.95. Crown Castle Inc. has a 52-week low of $69.72 and a 52-week high of $104.61.

Crown Castle (NYSE:CCI - Get Free Report) last released its quarterly earnings data 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 negative return on equity of 51.60% and a net margin of 20.71%.The company had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $995.05 million. During the same period in the prior year, the firm posted $0.67 EPS. The firm's quarterly revenue was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. On average, research analysts anticipate that Crown Castle Inc. will post 4.39 EPS for the current year.

Crown Castle Dividend Announcement

The company 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 is Tuesday, September 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.7%. Crown Castle's dividend payout ratio is currently 215.74%.

Crown Castle Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source