Integrity Alliance LLC. Invests $409,000 in Crown Castle Inc. $CCI

Key Points

• Integrity Alliance LLC invested approximately $409,000 in Crown Castle Inc. during the first quarter, buying 3,926 shares of the real estate investment trust's stock.
• Crown Castle's stock is currently trading at $95.42, down 0.2%, with a market capitalization of $41.55 billion and a twelve-month high of $120.92.
• The company announced a quarterly dividend of $1.0625, equating to an annualized dividend yield of 4.5%, to be paid on September 30th to stockholders of record as of September 15th.

Integrity Alliance LLC. bought a new position in Crown Castle Inc. (NYSE:CCI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,926 shares of the real estate investment trust's stock, valued at approximately $409,000.

Several other hedge funds have also recently modified their holdings of the stock. CHICAGO TRUST Co NA lifted its holdings in shares of Crown Castle by 3.0% in the first quarter. CHICAGO TRUST Co NA now owns 3,532 shares of the real estate investment trust's stock worth $368,000 after buying an additional 104 shares in the last quarter. Harbour Investments Inc. raised its stake in Crown Castle by 18.9% during the first quarter. Harbour Investments Inc. now owns 672 shares of the real estate investment trust's stock valued at $70,000 after purchasing an additional 107 shares in the last quarter. Abel Hall LLC raised its stake in Crown Castle by 1.8% during the first quarter. Abel Hall LLC now owns 6,393 shares of the real estate investment trust's stock valued at $666,000 after purchasing an additional 115 shares in the last quarter. Beacon Capital Management LLC raised its stake in Crown Castle by 36.6% during the first quarter. Beacon Capital Management LLC now owns 448 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 120 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Crown Castle by 0.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 37,357 shares of the real estate investment trust's stock valued at $3,894,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company's stock.

Crown Castle Stock Down 0.2%

CCI stock opened at $95.42 on Friday. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The stock has a market capitalization of $41.55 billion, a price-to-earnings ratio of -8.94, a price-to-earnings-growth ratio of 0.73 and a beta of 0.92. The firm's fifty day simple moving average is $102.67 and its two-hundred day simple moving average is $101.38.

Crown Castle (NYSE:CCI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the previous year, the business posted $1.62 earnings per share. The business's revenue 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. As a group, equities research analysts expect that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $1.0625 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.5%. Crown Castle's dividend payout ratio is presently -39.83%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CCI shares. Royal Bank Of Canada upped their price target on shares of Crown Castle from $112.00 to $113.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Wells Fargo & Company raised shares of Crown Castle from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $105.00 to $125.00 in a research note on Thursday, July 24th. Barclays decreased their price target on shares of Crown Castle from $121.00 to $119.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. KeyCorp upped their price target on shares of Crown Castle from $122.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Raymond James Financial reiterated 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 equities research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.41.

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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