CW Advisors LLC Makes New $421,000 Investment in Crown Castle Inc. $CCI

Key Points

• CW Advisors LLC has acquired 4,040 shares of Crown Castle Inc. during the first quarter, valued at approximately $421,000, highlighting a growing interest from institutional investors.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Crown Castle, with price targets ranging from $115.00 to $125.00 according to multiple brokerage reports.
• Crown Castle has announced a quarterly dividend of $1.0625 per share, representing an annualized dividend yield of 4.2% and a payout ratio of -39.83%.

CW Advisors LLC acquired a new stake in Crown Castle Inc. (NYSE:CCI - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 4,040 shares of the real estate investment trust's stock, valued at approximately $421,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCI. Opal Wealth Advisors LLC acquired a new position in Crown Castle in the 1st quarter valued at $26,000. Iron Horse Wealth Management LLC acquired a new position in shares of Crown Castle during the 1st quarter worth $26,000. Centerpoint Advisors LLC acquired a new position in shares of Crown Castle during the 1st quarter worth $26,000. Stone House Investment Management LLC acquired a new position in shares of Crown Castle during the 1st quarter worth $27,000. Finally, American National Bank & Trust acquired a new position in shares of Crown Castle during the 1st quarter worth $29,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. BMO Capital Markets raised Crown Castle from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $115.00 to $120.00 in a report on Tuesday, August 19th. KeyCorp boosted their price target on Crown Castle from $122.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Scotiabank boosted their price target on Crown Castle from $109.00 to $114.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Citigroup boosted their price objective on Crown Castle from $108.00 to $124.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Raymond James Financial restated a "strong-buy" rating and set a $124.00 price objective (up previously from $122.00) on shares of Crown Castle in a research report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $116.41.

Crown Castle Price Performance

CCI stock traded up $1.44 during midday trading on Monday, reaching $99.18. 3,262,933 shares of the stock were exchanged, compared to its average volume of 2,993,643. The company has a fifty day moving average price of $103.98 and a 200 day moving average price of $101.16. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The stock has a market capitalization of $43.19 billion, a PE ratio of -9.30, a P/E/G ratio of 0.75 and a beta of 0.92.

Crown Castle (NYSE:CCI - Get Free Report) last released its quarterly 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 firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the company posted $1.62 EPS. The business's revenue was down 4.2% on a year-over-year basis. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. As a group, analysts anticipate that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

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 given a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Monday, September 15th. Crown Castle's payout ratio is -39.83%.

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.