National Wealth Management Group LLC Acquires Shares of 4,772 Crown Castle Inc. $CCI

National Wealth Management Group LLC acquired a new position in shares of Crown Castle Inc. (NYSE:CCI) in the first quarter, HoldingsChannel.com reports. The fund acquired 4,772 shares of the real estate investment trust’s stock, valued at approximately $497,000.

Several other hedge funds also recently made changes to their positions in CCI. Iron Horse Wealth Management LLC acquired a new position in shares of Crown Castle during the first quarter worth about $26,000. Centerpoint Advisors LLC acquired a new stake in Crown Castle in the first quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new stake in Crown Castle in the 1st quarter valued at approximately $26,000. Stone House Investment Management LLC purchased a new stake in Crown Castle in the 1st quarter valued at approximately $27,000. Finally, American National Bank & Trust acquired a new position in Crown Castle during the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on CCI shares. KeyCorp raised their price target on Crown Castle from $122.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Scotiabank increased their price objective on Crown Castle from $109.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. Wall Street Zen raised Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. JPMorgan Chase & Co. boosted their target price on shares of Crown Castle from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $125.00 price target on shares of Crown Castle in a research note 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 assigned a Hold rating to the stock. According to MarketBeat.com, Crown Castle currently has a consensus rating of “Moderate Buy” and an average price target of $116.41.

Crown Castle Stock Performance

Shares of CCI stock opened at $95.43 on Friday. The stock has a fifty day moving average price of $103.61 and a 200 day moving average price of $101.24. The stock has a market cap of $41.56 billion, a PE ratio of -8.94, a P/E/G ratio of 0.74 and a beta of 0.92. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.02. The company 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%.Crown Castle’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior 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 earnings per share for the current year.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, September 15th. Crown Castle’s dividend payout ratio (DPR) 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.