Landscape Capital Management L.L.C. Acquires New Shares in Crown Castle Inc. $CCI

Key Points

• Landscape Capital Management acquired 8,006 shares of Crown Castle Inc. for approximately $834,000, indicating increased institutional interest in the real estate investment trust.
• Recent analyst reports show a positive sentiment towards Crown Castle, with upgrades from multiple firms, raising the price targets significantly and resulting in a consensus rating of "Moderate Buy."
• Crown Castle announced a quarterly dividend of $1.0625, translating to an annual yield of 4.3%, with a dividend payout ratio currently at -39.83%.

Landscape Capital Management L.L.C. acquired a new stake in Crown Castle Inc. (NYSE:CCI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,006 shares of the real estate investment trust's stock, valued at approximately $834,000.

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

Wall Street Analysts Forecast Growth

CCI has been the topic of a number of recent analyst reports. BMO Capital Markets upgraded Crown Castle from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $115.00 to $120.00 in a report on Tuesday, August 19th. Wall Street Zen upgraded Crown Castle from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Wells Fargo & Company upgraded Crown Castle from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $105.00 to $125.00 in a research note on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on Crown Castle from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Bank of America began coverage on Crown Castle in a research note on Monday, May 19th. They set a "buy" rating and a $115.00 price target on the stock. 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $116.41.

Crown Castle Trading Up 1.5%

Shares of NYSE CCI opened at $99.18 on Friday. The stock has a market cap of $43.19 billion, a P/E ratio of -9.30, a PEG ratio of 0.75 and a beta of 0.89. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The business's fifty day simple moving average is $103.98 and its 200-day simple moving average is $101.08.

Crown Castle (NYSE:CCI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.04 billion. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%.The company's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned $1.62 earnings per share. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. On average, equities analysts forecast that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, September 15th. Crown Castle's dividend payout ratio (DPR) is presently -39.83%.

Crown Castle 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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