3,914 Shares in Crown Castle Inc. $CCI Acquired by OLD Mission Capital LLC

Key Points

• OLD Mission Capital LLC recently acquired a new stake in Crown Castle Inc., purchasing 3,914 shares valued at approximately $408,000 during the first quarter.
• Institutional investors own 90.77% of Crown Castle's stock, with notable increases in holdings from firms like Vanguard Group and Deutsche Bank AG.
• Crown Castle announced a quarterly dividend of $1.0625 per share, reflecting a 4.4% dividend yield, with the payment scheduled for September 30th.

OLD Mission Capital LLC acquired a new stake in Crown Castle Inc. (NYSE:CCI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,914 shares of the real estate investment trust's stock, valued at approximately $408,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vident Advisory LLC increased its holdings in Crown Castle by 237.8% during the 1st quarter. Vident Advisory LLC now owns 21,956 shares of the real estate investment trust's stock valued at $2,289,000 after purchasing an additional 15,456 shares in the last quarter. WPG Advisers LLC bought a new stake in Crown Castle during the 1st quarter worth $33,000. Landscape Capital Management L.L.C. bought a new stake in shares of Crown Castle in the 1st quarter valued at about $834,000. Lansforsakringar Fondforvaltning AB publ boosted its holdings in Crown Castle by 2.3% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 142,499 shares of the real estate investment trust's stock worth $14,853,000 after acquiring an additional 3,260 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its position in shares of Crown Castle by 432.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 16,406 shares of the real estate investment trust's stock valued at $1,710,000 after purchasing an additional 13,326 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CCI shares. Bank of America initiated coverage on shares of Crown Castle in a research note on Monday, May 19th. They issued a "buy" rating and a $115.00 price target for the company. Scotiabank lifted their target price on Crown Castle from $109.00 to $114.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Wall Street Zen upgraded Crown Castle from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. BMO Capital Markets raised Crown Castle from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $115.00 to $120.00 in a research report on Tuesday, August 19th. Finally, KeyCorp boosted their price target on shares of Crown Castle from $122.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Crown Castle presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.41.

Crown Castle Stock Down 3.2%

CCI traded down $3.08 during trading on Monday, reaching $93.07. The company had a trading volume of 5,672,736 shares, compared to its average volume of 3,268,760. The stock has a market cap of $40.53 billion, a P/E ratio of -8.70, a PEG ratio of 0.73 and a beta of 0.92. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The business has a 50 day simple moving average of $103.52 and a 200-day simple moving average of $101.43.

Crown Castle (NYSE:CCI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.02. The company had revenue of $1.06 billion for 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%. Crown Castle's quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.62 earnings per share. 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 fiscal year.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $1.0625 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.6%. Crown Castle's dividend payout ratio 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.