Allianz SE Has $487,000 Stake in Crown Castle Inc. $CCI

Allianz SE raised its position in shares of Crown Castle Inc. (NYSE:CCI) by 73.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,740 shares of the real estate investment trust’s stock after acquiring an additional 2,010 shares during the period. Allianz SE’s holdings in Crown Castle were worth $487,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Centerpoint Advisors LLC acquired a new position in shares of Crown Castle during the 1st quarter worth about $26,000. Stone House Investment Management LLC acquired a new stake in Crown Castle in the 1st quarter valued at approximately $27,000. Rise Advisors LLC bought a new position in Crown Castle in the 1st quarter worth approximately $28,000. NewSquare Capital LLC increased its position in Crown Castle by 74.5% in 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 during the period. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Crown Castle by 47.8% during the second 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 during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Crown Castle news, EVP Daniel K. Schlanger sold 30,000 shares of Crown Castle stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Crown Castle Price Performance

CCI opened at $90.61 on Friday. The company has a market capitalization of $39.46 billion, a P/E ratio of -8.52, a P/E/G ratio of 0.68 and a beta of 0.94. The firm’s fifty day moving average price is $94.64 and its two-hundred day moving average price is $99.80. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week 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 (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 company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company posted $1.84 EPS. The business’s 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. On average, equities research analysts expect that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $1.0625 per share. The ex-dividend date 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 currently -39.98%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CCI. JPMorgan Chase & Co. lowered their price objective on shares of Crown Castle from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Barclays upped their target price on shares of Crown Castle from $119.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, September 15th. Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. BMO Capital Markets dropped their price objective on shares of Crown Castle from $120.00 to $114.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Finally, Raymond James Financial cut their price objective on shares of Crown Castle from $124.00 to $120.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 23rd. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.12.

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.