Compass Wealth Management LLC Purchases Shares of 71,581 Crown Castle Inc. $CCI

Compass Wealth Management LLC purchased a new stake in Crown Castle Inc. (NYSE:CCI) during the 2nd quarter, Holdings Channel reports. The firm purchased 71,581 shares of the real estate investment trust’s stock, valued at approximately $5,421,000.

A number of other hedge funds have also modified their holdings of CCI. BlackRock Inc. acquired a new position in shares of Crown Castle during the 2nd quarter worth approximately $3,326,154,000. Norges Bank acquired a new stake in Crown Castle during the 4th quarter valued at $594,670,000. Lazard Asset Management LLC increased its position in Crown Castle by 124.2% during the fourth quarter. Lazard Asset Management LLC now owns 11,635,117 shares of the real estate investment trust’s stock worth $1,034,013,000 after buying an additional 6,445,237 shares in the last quarter. Deutsche Bank AG purchased a new position in Crown Castle during the second quarter worth $429,341,000. Finally, Cohen & Steers Inc. raised its holdings in shares of Crown Castle by 11.0% in the fourth quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock worth $3,536,214,000 after acquiring an additional 3,953,685 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Robert Sean Collins sold 1,500 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $113,835.00. Following the completion of the sale, the vice president directly owned 5,113 shares in the company, valued at $388,025.57. This represents a 22.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.09% of the stock is owned by corporate insiders.

Crown Castle Price Performance

Shares of CCI stock opened at $74.04 on Wednesday. The firm has a market cap of $31.50 billion, a P/E ratio of 37.58, a PEG ratio of 0.40 and a beta of 0.95. Crown Castle Inc. has a 1-year low of $69.72 and a 1-year high of $104.61. The firm’s 50-day simple moving average is $78.90 and its 200-day simple moving average is $84.34.

Crown Castle (NYSE:CCI) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.17). Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.05 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Crown Castle’s revenue for the quarter was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. Analysts expect that Crown Castle Inc. will post 4.39 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Tuesday, September 15th. Crown Castle’s dividend payout ratio (DPR) is 215.74%.

Analyst Ratings Changes

CCI has been the topic of several recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Barclays lifted their price objective on Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. reduced their target price on shares of Crown Castle from $95.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. The Goldman Sachs Group started coverage on shares of Crown Castle in a research note on Friday, June 26th. They set a “neutral” rating and a $95.00 price target on the stock. Finally, Truist Financial lowered their price target on shares of Crown Castle from $95.00 to $87.00 and set a “hold” rating for the company in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.13.

Crown Castle Company Profile

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.