LDR Capital Management LLC Purchases Shares of 17,274 Crown Castle Inc. $CCI

Key Points

• LDR Capital Management LLC acquired 17,274 shares of Crown Castle Inc. valued at approximately $1.775 million, making it the 17th largest holding in their portfolio.
• Crown Castle announced a quarterly dividend of $1.0625 per share, representing an annualized dividend yield of 4.4%.

LDR Capital Management LLC purchased a new stake in Crown Castle Inc. (NYSE:CCI - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 17,274 shares of the real estate investment trust's stock, valued at approximately $1,775,000. Crown Castle comprises about 2.3% of LDR Capital Management LLC's portfolio, making the stock its 17th largest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of CCI. Opal Wealth Advisors LLC purchased a new stake in shares of Crown Castle during the 1st quarter worth approximately $26,000. Iron Horse Wealth Management LLC bought a new stake in Crown Castle in the first quarter worth $26,000. Centerpoint Advisors LLC bought a new stake in Crown Castle in the first quarter worth $26,000. Stone House Investment Management LLC bought a new stake in Crown Castle in the first quarter worth $27,000. Finally, Rise Advisors LLC bought a new stake in Crown Castle in the first quarter worth $28,000. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Price Performance

Shares of CCI stock opened at $95.57 on Monday. The company has a market capitalization of $41.62 billion, a P/E ratio of -8.96, a P/E/G ratio of 0.73 and a beta of 0.95. The company's 50-day simple moving average is $99.36 and its two-hundred day simple moving average is $101.09. Crown Castle Inc. has a one year low of $84.20 and a one year high of $115.89.

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

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $1.0625 per share. The ex-dividend date was Monday, September 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.4%. Crown Castle's dividend payout ratio (DPR) is currently -39.83%.

Analyst Ratings Changes

A number of equities analysts have commented on CCI shares. Barclays lifted their price objective on shares of Crown Castle from $119.00 to $120.00 and gave the stock an "overweight" rating in a research note on Monday, September 15th. JMP Securities restated a "market outperform" rating and set a $125.00 price objective on shares of Crown Castle in a research report on Thursday, July 24th. Wells Fargo & Company upgraded Crown Castle from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $105.00 to $125.00 in a research report on Thursday, July 24th. 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 research report on Tuesday, August 19th. Finally, Royal Bank Of Canada set a $112.00 target price on Crown Castle and gave the company an "outperform" rating in a research report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Crown Castle presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.76.

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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