Compass Wealth Management LLC Buys 5,650 Shares of Crown Castle Inc. $CCI

Compass Wealth Management LLC raised its stake in shares of Crown Castle Inc. (NYSE:CCI) by 8.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 70,023 shares of the real estate investment trust’s stock after purchasing an additional 5,650 shares during the quarter. Crown Castle makes up approximately 1.6% of Compass Wealth Management LLC’s portfolio, making the stock its 24th largest holding. Compass Wealth Management LLC’s holdings in Crown Castle were worth $6,223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wiser Advisor Group LLC bought a new position in Crown Castle during the 3rd quarter valued at about $29,000. Triumph Capital Management purchased a new stake in Crown Castle in the third quarter worth approximately $31,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Crown Castle in the third quarter worth approximately $31,000. Salomon & Ludwin LLC boosted its holdings in Crown Castle by 128.7% in the fourth quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 215 shares during the last quarter. Finally, Aventura Private Wealth LLC purchased a new stake in Crown Castle in the fourth quarter worth approximately $39,000. Institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CCI shares. KeyCorp raised their target price on shares of Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Sanford C. Bernstein started coverage on shares of Crown Castle in a report on Thursday, March 5th. They issued an “outperform” rating and a $102.00 target price on the stock. Truist Financial started coverage on shares of Crown Castle in a report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 target price on the stock. Zacks Research upgraded shares of Crown Castle from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Jefferies Financial Group raised their target price on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $98.52.

Crown Castle Price Performance

Shares of Crown Castle stock opened at $93.52 on Thursday. The company’s fifty day simple moving average is $88.58 and its 200-day simple moving average is $87.68. The stock has a market capitalization of $40.82 billion, a PE ratio of 38.65, a P/E/G ratio of 0.47 and a beta of 0.93. Crown Castle Inc. has a 1-year low of $75.96 and a 1-year high of $115.76.

Crown Castle (NYSE:CCI) last issued its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.55. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.42 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The company’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, research analysts anticipate that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is currently 175.62%.

Crown Castle 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.