Crown Castle Inc. $CCI Shares Bought by Klein Pavlis & Peasley Financial Inc.

Key Points

• Klein Pavlis & Peasley Financial Inc. increased their position in Crown Castle Inc. by 70.7% in the 2nd quarter, now owning 25,100 shares valued at $2,579,000.
• The company reported $1.02 earnings per share for the last quarter, exceeding estimates by $0.02, although revenue was down 4.2% compared to the prior year.
• Crown Castle's recent quarterly dividend is set at $1.0625 per share, with a yield of 4.5%, reflecting a dividend payout ratio of -39.83%.

Klein Pavlis & Peasley Financial Inc. increased its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 70.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,100 shares of the real estate investment trust's stock after buying an additional 10,400 shares during the quarter. Crown Castle comprises approximately 1.7% of Klein Pavlis & Peasley Financial Inc.'s holdings, making the stock its 18th largest position. Klein Pavlis & Peasley Financial Inc.'s holdings in Crown Castle were worth $2,579,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CCI. Financial Partners Group LLC raised its position in Crown Castle by 3.8% in the second quarter. Financial Partners Group LLC now owns 65,839 shares of the real estate investment trust's stock worth $6,764,000 after acquiring an additional 2,419 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of Crown Castle by 1,175.4% in the 2nd quarter. Avior Wealth Management LLC now owns 11,045 shares of the real estate investment trust's stock worth $1,135,000 after purchasing an additional 10,179 shares in the last quarter. Hengehold Capital Management LLC lifted its stake in Crown Castle by 1.1% during the second quarter. Hengehold Capital Management LLC now owns 34,504 shares of the real estate investment trust's stock valued at $3,545,000 after purchasing an additional 387 shares during the last quarter. ORG Partners LLC boosted its holdings in Crown Castle by 97.7% during the second quarter. ORG Partners LLC now owns 696 shares of the real estate investment trust's stock worth $72,000 after buying an additional 344 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. grew its position in Crown Castle by 5.9% in the second quarter. Ipswich Investment Management Co. Inc. now owns 9,582 shares of the real estate investment trust's stock worth $984,000 after buying an additional 535 shares during the last quarter. Institutional investors own 90.77% of the company's stock.

Crown Castle Price Performance

NYSE CCI opened at $95.30 on Monday. The firm has a market capitalization of $41.50 billion, a price-to-earnings ratio of -8.93, a price-to-earnings-growth ratio of 0.72 and a beta of 0.92. The company has a 50 day simple moving average of $100.82 and a 200-day simple moving average of $101.38. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $119.56.

Crown Castle (NYSE:CCI - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.02. Crown Castle had a negative net margin of 85.54% and a negative return on equity of 619.62%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business earned $1.62 EPS. 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. On average, analysts predict that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $1.0625 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.25 dividend on an annualized basis and a yield of 4.5%. Crown Castle's dividend payout ratio (DPR) is presently -39.83%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CCI. UBS Group increased their price objective on Crown Castle from $124.00 to $127.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Wells Fargo & Company upgraded Crown Castle from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $105.00 to $125.00 in a research report on Thursday, July 24th. Wolfe Research raised Crown Castle from a "peer perform" rating to an "outperform" rating and set a $114.00 price target on the stock in a research note on Monday, September 22nd. Wall Street Zen raised shares of Crown Castle from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Barclays lifted their target price on shares of Crown Castle from $119.00 to $120.00 and gave the stock an "overweight" rating in a research report on Monday, September 15th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $115.82.

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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