Crown Castle Inc. $CCI Holdings Raised by BROOKFIELD Corp ON

BROOKFIELD Corp ON lifted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 1,919.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 848,277 shares of the real estate investment trust’s stock after purchasing an additional 806,271 shares during the quarter. Crown Castle comprises about 0.5% of BROOKFIELD Corp ON’s investment portfolio, making the stock its 26th largest holding. BROOKFIELD Corp ON owned 0.19% of Crown Castle worth $88,416,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strs Ohio acquired a new position in Crown Castle during the first quarter worth about $17,198,000. Intrua Financial LLC grew its stake in shares of Crown Castle by 32.2% in the 1st quarter. Intrua Financial LLC now owns 3,561 shares of the real estate investment trust’s stock worth $371,000 after purchasing an additional 867 shares during the last quarter. Jacobi Capital Management LLC grew its stake in shares of Crown Castle by 30.2% in the 1st quarter. Jacobi Capital Management LLC now owns 8,037 shares of the real estate investment trust’s stock worth $838,000 after purchasing an additional 1,864 shares during the last quarter. Westbourne Investments Inc. bought a new position in shares of Crown Castle in the first quarter valued at $406,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Crown Castle by 36.1% in the first quarter. Geneos Wealth Management Inc. now owns 3,133 shares of the real estate investment trust’s stock valued at $327,000 after buying an additional 831 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Stock Up 1.6%

Shares of Crown Castle stock opened at $95.56 on Friday. The stock has a market cap of $41.61 billion, a PE ratio of -8.96, a price-to-earnings-growth ratio of 0.71 and a beta of 0.92. The business has a fifty day simple moving average of $102.82 and a 200-day simple moving average of $101.37. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 EPS for the quarter, topping the consensus estimate of $1.00 by $0.02. The business had revenue of $1.06 billion during 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%.Crown Castle’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.62 earnings per share. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. Analysts expect that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 dividend yield of 4.4%. The ex-dividend date is Monday, September 15th. Crown Castle’s dividend payout ratio (DPR) is currently -39.83%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CCI shares. Barclays cut their target price on Crown Castle from $121.00 to $119.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. Royal Bank Of Canada boosted 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. Scotiabank boosted their target price 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 upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, UBS Group raised their target price on shares of Crown Castle from $124.00 to $127.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Three investment 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, the company presently has an average rating of “Moderate Buy” and an average price target 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.