35,347 Shares in Crown Castle Inc. $CCI Bought by Compass Financial Management LLC

Compass Financial Management LLC acquired a new position in shares of Crown Castle Inc. (NYSE:CCI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 35,347 shares of the real estate investment trust’s stock, valued at approximately $2,678,000.

A number of other hedge funds have also bought and sold shares of CCI. Binnacle Investments Inc raised its stake in shares of Crown Castle by 10.9% in the third quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 127 shares during the period. Front Row Advisors LLC boosted its stake in shares of Crown Castle by 1.4% during the 1st quarter. Front Row Advisors LLC now owns 9,305 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 130 shares during the period. Hilton Head Capital Partners LLC boosted its stake in shares of Crown Castle by 55.6% during the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 134 shares during the period. CENTRAL TRUST Co grew its holdings in Crown Castle by 10.2% during the 1st quarter. CENTRAL TRUST Co now owns 1,488 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 138 shares during the last quarter. Finally, Principal Securities Inc. raised its position in Crown Castle by 3.9% in the 4th quarter. Principal Securities Inc. now owns 3,754 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 142 shares during the period. Institutional investors own 90.77% of the company’s stock.

Insider Activity

In related news, VP Robert Sean Collins sold 1,500 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $75.89, for a total value of $113,835.00. Following the transaction, the vice president owned 5,113 shares of the company’s stock, valued at $388,025.57. This represents a 22.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CCI. JPMorgan Chase & Co. decreased their price objective on shares of Crown Castle from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. BMO Capital Markets cut their target price on Crown Castle from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Barclays increased their price target on Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Jefferies Financial Group decreased their price target on Crown Castle from $88.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, July 15th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $95.13.

Crown Castle Price Performance

CCI stock opened at $75.53 on Friday. Crown Castle Inc. has a 12 month low of $69.72 and a 12 month high of $104.61. The firm’s 50-day moving average is $77.86 and its 200 day moving average is $84.11. The company has a market capitalization of $32.13 billion, a PE ratio of 38.34, a P/E/G ratio of 0.40 and a beta of 0.95.

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

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.0625 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.6%. Crown Castle’s payout ratio is presently 215.74%.

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.