MASTERINVEST Kapitalanlage GmbH Buys Shares of 10,949 Crown Castle Inc. $CCI

MASTERINVEST Kapitalanlage GmbH bought a new stake in Crown Castle Inc. (NYSE:CCI) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 10,949 shares of the real estate investment trust’s stock, valued at approximately $1,125,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Winnow Wealth LLC bought a new position in Crown Castle in the second quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Crown Castle in the 2nd quarter valued at $27,000. Rise Advisors LLC bought a new position in shares of Crown Castle in the 1st quarter valued at $28,000. NewSquare Capital LLC raised its holdings in shares of Crown Castle by 74.5% during the 2nd quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 120 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of 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 buying an additional 98 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Insider Transactions at Crown Castle

In other Crown Castle news, EVP Daniel K. Schlanger sold 30,000 shares of Crown Castle stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $98.08, for a total transaction of $2,942,400.00. Following the transaction, the executive vice president directly owned 65,571 shares of the company’s stock, valued at approximately $6,431,203.68. The trade was a 31.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

Crown Castle Trading Down 0.9%

NYSE:CCI opened at $90.98 on Monday. The stock’s 50-day moving average is $92.72 and its 200-day moving average is $97.93. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $115.76. The stock has a market cap of $39.62 billion, a P/E ratio of -8.56, a price-to-earnings-growth ratio of 0.67 and a beta of 0.94.

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

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Monday, December 15th. Crown Castle’s dividend payout ratio is presently -39.98%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CCI shares. BMO Capital Markets reduced their price objective on Crown Castle from $114.00 to $107.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 3rd. Barclays reissued an “equal weight” rating and issued a $101.00 target price (down previously from $104.00) on shares of Crown Castle in a report on Monday, December 1st. JPMorgan Chase & Co. decreased their price target on shares of Crown Castle from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Royal Bank Of Canada set a $112.00 price objective on shares of Crown Castle and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Finally, Raymond James Financial cut their target price on shares of Crown Castle from $124.00 to $120.00 and set a “strong-buy” rating on the stock in a research report on Thursday, October 23rd. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Crown Castle currently has a consensus rating of “Moderate Buy” and an average target price of $111.59.

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.