Vanguard Personalized Indexing Management LLC Purchases 15,970 Shares of Crown Castle Inc. $CCI

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Crown Castle Inc. by 36.4% in Q2, owning a total of 59,794 shares valued at approximately $6.15 million.
• Multiple brokerages have recently issued ratings on Crown Castle, with a consensus rating of "Moderate Buy" and an average target price of $115.76.
• Crown Castle announced a quarterly dividend of $1.0625 per share, representing a 4.4% dividend yield, with a previous payout ratio of -39.83%.

Vanguard Personalized Indexing Management LLC raised its position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 36.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,794 shares of the real estate investment trust's stock after purchasing an additional 15,970 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Crown Castle were worth $6,145,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CCI. Farther Finance Advisors LLC grew its stake in shares of Crown Castle by 10.1% during the 1st quarter. Farther Finance Advisors LLC now owns 3,886 shares of the real estate investment trust's stock valued at $407,000 after purchasing an additional 357 shares during the period. GAMMA Investing LLC grew its stake in shares of Crown Castle by 18.9% during the 1st quarter. GAMMA Investing LLC now owns 5,769 shares of the real estate investment trust's stock valued at $601,000 after acquiring an additional 916 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Crown Castle by 6.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 20,301 shares of the real estate investment trust's stock valued at $2,116,000 after acquiring an additional 1,199 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Crown Castle by 7.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 258,299 shares of the real estate investment trust's stock valued at $26,922,000 after acquiring an additional 18,261 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in shares of Crown Castle during the 1st quarter valued at approximately $26,000. 90.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CCI. Raymond James Financial reiterated a "strong-buy" rating and set a $124.00 price objective (up from $122.00) on shares of Crown Castle in a research note on Thursday, July 24th. KeyCorp cut their price objective on Crown Castle from $125.00 to $120.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. Scotiabank boosted their price objective 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. JMP Securities reiterated a "market outperform" rating and set a $125.00 price objective on shares of Crown Castle in a research note 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 investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Crown Castle presently has a consensus rating of "Moderate Buy" and an average target price of $115.76.

Crown Castle Trading Down 1.5%

NYSE CCI opened at $96.13 on Tuesday. The stock has a market cap of $41.86 billion, a PE ratio of -9.01, a P/E/G ratio of 0.74 and a beta of 0.95. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $115.89. The stock's 50 day moving average is $98.00 and its 200 day moving average is $100.80.

Crown Castle (NYSE:CCI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.62 EPS. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. On average, analysts forecast that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, September 15th. Crown Castle's dividend 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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