Crown Castle Inc. $CCI Stock Position Lifted by Partners Group Holding AG

Key Points

• Partners Group Holding AG increased its stake in Crown Castle Inc. by 3.5%, now owning approximately 309,368 shares valued at $32.2 million, making it the 26th largest position in their portfolio.
• Crown Castle's recent earnings report showed an EPS of $1.02, exceeding estimates, although revenue was down 4.2% year-over-year, totaling $1.06 billion.
• A quarterly dividend of $1.0625 has been announced, with a yield of 4.2%, to be paid on September 30th, reflecting a payout ratio of -39.83%.

Partners Group Holding AG grew its position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 309,368 shares of the real estate investment trust's stock after purchasing an additional 10,398 shares during the period. Crown Castle accounts for about 1.3% of Partners Group Holding AG's investment portfolio, making the stock its 26th largest position. Partners Group Holding AG owned about 0.07% of Crown Castle worth $32,245,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Crown Castle by 10.1% during the first quarter. Vanguard Group Inc. now owns 68,840,605 shares of the real estate investment trust's stock worth $7,175,256,000 after purchasing an additional 6,341,150 shares during the last quarter. Nuveen LLC acquired a new position in Crown Castle in the first quarter valued at $305,876,000. Deutsche Bank AG boosted its stake in Crown Castle by 60.9% in the 1st quarter. Deutsche Bank AG now owns 5,472,921 shares of the real estate investment trust's stock worth $570,443,000 after buying an additional 2,072,198 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Crown Castle by 107.3% in the 1st quarter. JPMorgan Chase & Co. now owns 2,730,309 shares of the real estate investment trust's stock valued at $284,580,000 after buying an additional 1,412,992 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Crown Castle by 575.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,285,972 shares of the real estate investment trust's stock valued at $134,037,000 after acquiring an additional 1,095,455 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company's stock.

Crown Castle Stock Up 0.3%

Shares of Crown Castle stock traded up $0.2950 during trading hours on Wednesday, hitting $102.7150. 3,327,245 shares of the company's stock traded hands, compared to its average volume of 3,235,153. The company has a market cap of $44.73 billion, a PE ratio of -9.63, a PEG ratio of 0.76 and a beta of 0.89. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The stock has a 50 day simple moving average of $103.64 and a 200-day simple moving average of $100.44.

Crown Castle (NYSE:CCI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.02. The business 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 business's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the company 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 predict that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

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 given a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, September 15th. Crown Castle's dividend payout ratio is currently -39.83%.

Analyst Ratings Changes

Several equities analysts recently commented on CCI shares. Raymond James Financial reaffirmed a "strong-buy" rating and set a $124.00 price target (up previously from $122.00) on shares of Crown Castle in a research report on Thursday, July 24th. Royal Bank Of Canada increased their target price on Crown Castle from $112.00 to $113.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. New Street Research raised Crown Castle from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price objective on Crown Castle from $115.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, BMO Capital Markets upgraded shares of Crown Castle from a "market perform" rating to an "outperform" rating and raised their price target for the company from $115.00 to $120.00 in a report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Crown Castle has a consensus rating of "Moderate Buy" and an average target price of $116.41.

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.