Crown Castle Inc. $CCI Shares Bought by Brookstone Capital Management

Brookstone Capital Management raised its stake in Crown Castle Inc. (NYSE:CCI) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,615 shares of the real estate investment trust’s stock after acquiring an additional 734 shares during the period. Brookstone Capital Management’s holdings in Crown Castle were worth $12,493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Crown Castle by 10.1% during the first quarter. Vanguard Group Inc. now owns 68,840,605 shares of the real estate investment trust’s stock worth $7,175,256,000 after buying an additional 6,341,150 shares during the period. Wellington Management Group LLP boosted its position in shares of Crown Castle by 2.6% during the first quarter. Wellington Management Group LLP now owns 21,387,895 shares of the real estate investment trust’s stock worth $2,229,260,000 after buying an additional 538,049 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Crown Castle by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 5,992,402 shares of the real estate investment trust’s stock worth $624,584,000 after buying an additional 72,511 shares during the period. Deutsche Bank AG boosted its position in shares of Crown Castle by 60.9% during the first quarter. Deutsche Bank AG now owns 5,472,921 shares of the real estate investment trust’s stock worth $570,443,000 after buying an additional 2,072,198 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Crown Castle by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,212,165 shares of the real estate investment trust’s stock worth $543,264,000 after buying an additional 90,371 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCI has been the subject of several analyst reports. Barclays boosted their price objective on Crown Castle from $119.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, September 15th. Wolfe Research upgraded Crown Castle from a “peer perform” rating to an “outperform” rating and set a $114.00 price objective for the company in a research report on Monday, September 22nd. BMO Capital Markets reduced their price objective on Crown Castle from $120.00 to $114.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. KeyCorp reduced their price objective on Crown Castle from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. upped their target price on Crown Castle from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Three investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $113.44.

Crown Castle Price Performance

CCI opened at $97.66 on Thursday. The company has a market capitalization of $42.53 billion, a price-to-earnings ratio of -9.15, a price-to-earnings-growth ratio of 0.75 and a beta of 0.95. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $115.76. The business has a 50 day moving average price of $97.15 and a two-hundred day moving average price of $100.55.

Crown Castle (NYSE:CCI) last released its earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.08. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%.The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 earnings per share. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. Equities analysts expect that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $1.0625 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.4%. Crown Castle’s dividend payout ratio is currently -39.83%.

About Crown Castle

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.