4,772 Shares in Crown Castle Inc. $CCI Bought by National Wealth Management Group LLC

Key Points

• National Wealth Management Group LLC has invested approximately $497,000 to acquire 4,772 shares of Crown Castle Inc. during the first quarter, highlighting growing interest from institutional investors in the company's stock.
• Several large investors, including Vanguard Group Inc. and Deutsche Bank AG, have made significant increases to their stakes in Crown Castle, indicating strong institutional confidence in the company's future performance.
• Crown Castle has updated its earnings guidance for FY 2025, projecting 4.140-4.250 EPS, while the company recently reported a quarterly revenue of $1.06 billion, a decline of 4.2% year-over-year.

National Wealth Management Group LLC bought a new stake in Crown Castle Inc. (NYSE:CCI - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,772 shares of the real estate investment trust's stock, valued at approximately $497,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCI. Schonfeld Strategic Advisors LLC increased its stake in shares of Crown Castle by 17.6% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 9,090 shares of the real estate investment trust's stock worth $825,000 after buying an additional 1,360 shares during the period. Aptus Capital Advisors LLC grew its holdings in Crown Castle by 10.7% during the 4th quarter. Aptus Capital Advisors LLC now owns 4,384 shares of the real estate investment trust's stock worth $398,000 after acquiring an additional 424 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Crown Castle by 2.3% in the 4th quarter. Baird Financial Group Inc. now owns 34,476 shares of the real estate investment trust's stock valued at $3,129,000 after purchasing an additional 764 shares during the last quarter. Crestline Management LP acquired a new stake in shares of Crown Castle in the 4th quarter valued at $295,000. Finally, Cresset Asset Management LLC raised its holdings in shares of Crown Castle by 88.7% in the 4th quarter. Cresset Asset Management LLC now owns 10,725 shares of the real estate investment trust's stock valued at $973,000 after purchasing an additional 5,040 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CCI shares. Bank of America started coverage on Crown Castle in a report on Monday, May 19th. They issued a "buy" rating and a $115.00 target price on the stock. KeyCorp raised their target price on Crown Castle from $122.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. UBS Group raised 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. Raymond James Financial reissued a "strong-buy" rating and set a $124.00 target price (up previously from $122.00) on shares of Crown Castle in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their target price on Crown Castle from $115.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $116.41.

Crown Castle Price Performance

Shares of NYSE:CCI traded down $0.28 during trading on Wednesday, reaching $94.22. The company had a trading volume of 826,457 shares, compared to its average volume of 3,304,589. The firm has a market capitalization of $41.03 billion, a price-to-earnings ratio of -8.83, a price-to-earnings-growth ratio of 0.71 and a beta of 0.92. The stock's fifty day moving average price is $103.15 and its 200 day moving average price is $101.40. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92.

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

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, September 15th. Crown Castle's dividend payout ratio is currently -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.