38,015 Shares in Crown Castle Inc. $CCI Acquired by ABN Amro Investment Solutions

ABN Amro Investment Solutions bought a new position in shares of Crown Castle Inc. (NYSE:CCI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,015 shares of the real estate investment trust’s stock, valued at approximately $3,905,000.

Other large investors have also recently bought and sold shares of the company. CWM LLC boosted its position in shares of Crown Castle by 12.2% during the 1st quarter. CWM LLC now owns 19,153 shares of the real estate investment trust’s stock worth $1,996,000 after acquiring an additional 2,082 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Crown Castle during the first quarter worth approximately $1,623,000. Dakota Wealth Management boosted its holdings in Crown Castle by 49.6% in the first quarter. Dakota Wealth Management now owns 8,871 shares of the real estate investment trust’s stock valued at $925,000 after purchasing an additional 2,942 shares in the last quarter. Sage Mountain Advisors LLC acquired a new position in Crown Castle in the first quarter valued at approximately $266,000. Finally, Larson Financial Group LLC increased its stake in Crown Castle by 25.5% in the first quarter. Larson Financial Group LLC now owns 2,313 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Activity at Crown Castle

In other news, EVP Daniel K. Schlanger sold 30,000 shares of the company’s stock in a transaction on Friday, October 24th. The shares were 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 $6,431,203.68. This represents a 31.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CCI shares. UBS Group boosted their price objective on shares of Crown Castle from $124.00 to $127.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Royal Bank Of Canada set a $112.00 price target on shares of Crown Castle and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Citigroup lowered their price objective on shares of Crown Castle from $124.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, October 16th. Wells Fargo & Company dropped their price objective on shares of Crown Castle from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Monday, October 20th. Finally, Scotiabank upped their target price on shares of Crown Castle from $109.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $113.12.

Crown Castle Stock Performance

CCI stock opened at $90.61 on Friday. The stock has a market capitalization of $39.46 billion, a PE ratio of -8.52, a price-to-earnings-growth ratio of 0.68 and a beta of 0.94. The company has a fifty day moving average of $94.64 and a 200-day moving average of $99.80. Crown Castle Inc. has a one year low of $84.20 and a one year high of $115.76.

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

Crown Castle Dividend Announcement

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

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.