Woodward Diversified Capital LLC Purchases Shares of 3,240 Crown Castle Inc. $CCI

Key Points

• Woodward Diversified Capital LLC acquired a new stake in Crown Castle Inc. by purchasing 3,240 shares, valued at approximately $333,000, as disclosed in a recent 13F filing.
• Institutional investors and hedge funds collectively own 90.77% of Crown Castle's stock, with notable increases in holdings from major firms like Vanguard Group and Deutsche Bank.
• Crown Castle recently reported earnings of $1.02 per share for the quarter, exceeding expectations, while its revenue fell 4.2% year-over-year, and it also announced a quarterly dividend of $1.0625 per share.

Woodward Diversified Capital LLC purchased a new stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,240 shares of the real estate investment trust's stock, valued at approximately $333,000.

A number of other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Crown Castle by 10.1% in the 1st quarter. Vanguard Group Inc. now owns 68,840,605 shares of the real estate investment trust's stock valued at $7,175,256,000 after acquiring an additional 6,341,150 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Crown Castle in the 1st quarter valued at $305,876,000. Deutsche Bank AG boosted its holdings in shares of 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 valued at $570,443,000 after acquiring an additional 2,072,198 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Crown Castle by 144.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,433,109 shares of the real estate investment trust's stock valued at $357,834,000 after acquiring an additional 2,028,718 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Crown Castle in the 1st quarter valued at $149,661,000. Institutional investors and hedge funds own 90.77% of the company's stock.

Analyst Ratings Changes

CCI has been the topic of several recent research reports. Wall Street Zen raised shares of Crown Castle from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Raymond James Financial reissued a "strong-buy" rating and set a $124.00 price target (up from $122.00) on shares of Crown Castle in a report on Thursday, July 24th. Scotiabank increased their price target on shares of Crown Castle from $109.00 to $114.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. KeyCorp lowered their price target on shares of Crown Castle from $125.00 to $120.00 and set an "overweight" rating on the stock in a report on Wednesday, September 17th. Finally, Barclays increased their price target on shares of Crown Castle from $119.00 to $120.00 and gave the stock an "overweight" rating in a report on Monday, September 15th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $115.82.

Crown Castle Stock Performance

NYSE:CCI opened at $95.74 on Thursday. The company has a fifty day moving average of $100.05 and a two-hundred day moving average of $101.26. The stock has a market capitalization of $41.69 billion, a PE ratio of -8.97, a P/E/G ratio of 0.73 and a beta of 0.95. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $119.56.

Crown Castle (NYSE:CCI - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.06 billion during the quarter, compared to analysts' expectations 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 for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.62 earnings per share. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. Research analysts forecast that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $1.0625 per share. The ex-dividend date was Monday, September 15th. This represents a $4.25 dividend on an annualized basis and a yield of 4.4%. Crown Castle's dividend payout ratio is currently -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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