Banco Bilbao Vizcaya Argentaria S.A. Raises Stock Position in Crown Castle Inc. $CCI

Banco Bilbao Vizcaya Argentaria S.A. lifted its position in Crown Castle Inc. (NYSE:CCI) by 1,162.9% in the second quarter, Holdings Channel reports. The firm owned 127,677 shares of the real estate investment trust’s stock after buying an additional 117,567 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Crown Castle were worth $13,115,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Centerpoint Advisors LLC bought a new stake in Crown Castle during the 1st quarter valued at $26,000. Stone House Investment Management LLC purchased a new position in shares of Crown Castle during the first quarter valued at $27,000. Rise Advisors LLC bought a new stake in shares of Crown Castle in the first quarter valued at about $28,000. NewSquare Capital LLC lifted its stake in Crown Castle by 74.5% in the second quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 120 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its holdings in Crown Castle by 47.8% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 303 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 98 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Trading Up 1.1%

Shares of CCI opened at $91.64 on Friday. The firm has a market cap of $39.91 billion, a PE ratio of -8.62, a P/E/G ratio of 0.68 and a beta of 0.94. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $115.76. The stock has a fifty day moving average price of $94.55 and a 200-day moving average price of $99.73.

Crown Castle (NYSE:CCI) last announced its earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.08. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 95.37%.The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.84 EPS. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. As a group, research analysts forecast that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, December 15th. Crown Castle’s payout ratio is currently -39.98%.

Insider Transactions at Crown Castle

In other Crown Castle news, EVP Daniel K. Schlanger sold 30,000 shares of the firm’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $98.08, for a total value of $2,942,400.00. Following the completion of the transaction, the executive vice president owned 65,571 shares of the company’s stock, valued at approximately $6,431,203.68. This trade represents a 31.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CCI. Wells Fargo & Company reduced their price target on shares of Crown Castle from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Monday, October 20th. UBS Group upped their target price on Crown Castle from $124.00 to $127.00 and gave the stock a “buy” rating in a report on Friday, July 25th. JMP Securities reaffirmed a “market outperform” rating and set a $125.00 target price on shares of Crown Castle in a research report on Thursday, July 24th. Citigroup reduced their price target on Crown Castle from $124.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, October 16th. Finally, BMO Capital Markets dropped their price objective on Crown Castle from $120.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Crown Castle currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.12.

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.