Morningstar Investment Management LLC Purchases Shares of 4,226 Crown Castle Inc. $CCI

Key Points

• Morningstar Investment Management LLC acquired a new stake in Crown Castle Inc. by purchasing 4,226 shares valued at approximately **$434,000** in the second quarter.
• Analysts have recently upgraded Crown Castle's stock, with BMO Capital Markets raising its target price from **$115.00 to $120.00**, signaling confidence in the company's future performance.
• Crown Castle announced a **quarterly dividend** of $1.0625 per share, reflecting a **4.4% dividend yield** with an annualized payout of **$4.25**.

Morningstar Investment Management LLC purchased a new stake in Crown Castle Inc. (NYSE:CCI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,226 shares of the real estate investment trust's stock, valued at approximately $434,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Iron Horse Wealth Management LLC acquired a new stake in Crown Castle in the first quarter valued at $26,000. Centerpoint Advisors LLC acquired a new stake in shares of Crown Castle during the first quarter worth about $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Crown Castle during the first quarter worth about $26,000. Stone House Investment Management LLC acquired a new stake in shares of Crown Castle during the first quarter worth about $27,000. Finally, Rise Advisors LLC acquired a new stake in shares of Crown Castle during the first quarter worth about $28,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on CCI shares. BMO Capital Markets upgraded Crown Castle from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $115.00 to $120.00 in a research report on Tuesday, August 19th. UBS Group lifted their target price on Crown Castle from $124.00 to $127.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Scotiabank lifted their target price on Crown Castle from $109.00 to $114.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. raised their price target on Crown Castle from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, 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 report on Monday, September 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Crown Castle has an average rating of "Moderate Buy" and a consensus price target of $115.76.

Crown Castle Stock Up 1.3%

Shares of NYSE:CCI opened at $97.33 on Wednesday. The company has a market cap of $42.39 billion, a P/E ratio of -9.12, a PEG ratio of 0.73 and a beta of 0.95. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $115.89. The company has a 50-day moving average price of $97.85 and a 200 day moving average price of $100.77.

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 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 the consensus estimate of $1.04 billion. Crown Castle had a negative net margin of 85.54% and a negative return on equity of 619.62%. The firm's revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.62 earnings per share. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. Analysts expect that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

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 of this dividend was Monday, September 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.4%. 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.

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