Cwm LLC Raises Stake in Crown Castle Inc. $CCI

Cwm LLC boosted its position in Crown Castle Inc. (NYSE:CCI) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,447 shares of the real estate investment trust’s stock after buying an additional 294 shares during the quarter. Cwm LLC’s holdings in Crown Castle were worth $1,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in 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 buying an additional 916 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in 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 buying an additional 18,261 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Crown Castle during the 1st quarter valued at $213,000. CWA Asset Management Group LLC raised its holdings in Crown Castle by 9.0% during the 1st quarter. CWA Asset Management Group LLC now owns 2,663 shares of the real estate investment trust’s stock valued at $278,000 after buying an additional 219 shares during the last quarter. Finally, Johnson Investment Counsel Inc. raised its holdings in Crown Castle by 5.2% during the 1st quarter. Johnson Investment Counsel Inc. now owns 3,907 shares of the real estate investment trust’s stock valued at $407,000 after buying an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

CCI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Crown Castle from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $124.00 price target (up previously from $122.00) on shares of Crown Castle in a research note on Thursday, July 24th. UBS Group raised their price target on Crown Castle from $124.00 to $127.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Wall Street Zen raised Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Wolfe Research raised Crown Castle from a “peer perform” rating to an “outperform” rating and set a $114.00 price target for the company in a research note on Monday, September 22nd. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $114.06.

Crown Castle Stock Down 0.5%

CCI stock opened at $97.57 on Monday. The business’s 50-day moving average price is $97.40 and its 200-day moving average price is $100.59. The stock has a market cap of $42.49 billion, a P/E ratio of -9.14, a PEG ratio of 0.74 and a beta of 0.95. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $115.76.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.02. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%.The firm’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.62 EPS. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. On average, equities research analysts expect that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid 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 dividend yield of 4.4%. Crown Castle’s 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.