Crown Castle Inc. $CCI Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. grew its stake in shares of Crown Castle Inc. (NYSE:CCI) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,257 shares of the real estate investment trust’s stock after acquiring an additional 13,698 shares during the period. Pacer Advisors Inc.’s holdings in Crown Castle were worth $24,051,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CCI. Winnow Wealth LLC bought a new position in shares of Crown Castle during the second quarter worth about $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Crown Castle during the second quarter valued at approximately $27,000. Rise Advisors LLC bought a new position in Crown Castle during the 1st quarter worth approximately $28,000. NewSquare Capital LLC increased its holdings in shares of Crown Castle by 74.5% in the 2nd quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 120 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position 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 valued at $31,000 after acquiring an additional 98 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Royal Bank Of Canada set a $112.00 price objective on shares of Crown Castle and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Wolfe Research raised shares of 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. UBS Group reiterated a “buy” rating and set a $127.00 price objective on shares of Crown Castle in a research note on Wednesday, December 10th. Wells Fargo & Company decreased their target price on Crown Castle from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Crown Castle in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Crown Castle presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.35.

Insider Buying and Selling at Crown Castle

In related news, EVP Daniel K. Schlanger sold 30,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 65,571 shares of the company’s stock, valued at $6,431,203.68. This represents a 31.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Crown Castle Trading Up 0.5%

Shares of NYSE:CCI opened at $88.29 on Friday. The firm’s 50 day moving average is $90.90 and its two-hundred day moving average is $97.11. The firm has a market capitalization of $38.45 billion, a P/E ratio of -8.31, a PEG ratio of 0.65 and a beta of 0.94. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $115.76.

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, topping analysts’ consensus estimates of $1.04 by $0.08. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 95.37%.The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company posted $1.84 EPS. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. Analysts predict that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, December 15th. Crown Castle’s dividend payout ratio (DPR) is -39.98%.

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.