Geneos Wealth Management Inc. Buys 831 Shares of Crown Castle Inc. $CCI

Geneos Wealth Management Inc. boosted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 36.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,133 shares of the real estate investment trust’s stock after acquiring an additional 831 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Crown Castle were worth $327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in shares of Crown Castle during the first quarter valued at about $26,000. Iron Horse Wealth Management LLC purchased a new position in Crown Castle during the 1st quarter valued at about $26,000. Centerpoint Advisors LLC bought a new position in Crown Castle during the 1st quarter valued at approximately $26,000. Stone House Investment Management LLC bought a new position in Crown Castle during the 1st quarter valued at approximately $27,000. Finally, Rise Advisors LLC purchased a new stake in Crown Castle in the 1st quarter worth approximately $28,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on CCI shares. KeyCorp boosted their price objective on shares of Crown Castle from $122.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Scotiabank upped their target price on Crown Castle from $109.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. BMO Capital Markets upgraded shares of Crown Castle from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $115.00 to $120.00 in a research note on Tuesday, August 19th. Royal Bank Of Canada lifted their price target on Crown Castle from $112.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 price objective on shares of Crown Castle in a research report on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.47.

Crown Castle Stock Down 1.9%

Shares of Crown Castle stock opened at $93.58 on Tuesday. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The business has a 50-day moving average price of $102.51 and a 200-day moving average price of $101.50. The firm has a market cap of $40.75 billion, a price-to-earnings ratio of -8.77, a PEG ratio of 0.72 and a beta of 0.92.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.02. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%.The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company earned $1.62 earnings per share. The firm’s revenue was down 4.2% on a year-over-year basis. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. On average, equities analysts expect that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $1.0625 per share. The ex-dividend date is Monday, September 15th. This represents a $4.25 dividend on an annualized basis and a yield of 4.5%. Crown Castle’s dividend payout ratio (DPR) is presently -39.83%.

Crown Castle 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.