Aperture Investors LLC Increases Holdings in Crown Castle Inc. $CCI

Aperture Investors LLC grew its holdings in Crown Castle Inc. (NYSE:CCI) by 46.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 54,598 shares of the real estate investment trust’s stock after buying an additional 17,285 shares during the quarter. Aperture Investors LLC’s holdings in Crown Castle were worth $5,609,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CCI. Norges Bank bought a new stake in Crown Castle in the second quarter valued at $629,431,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Crown Castle by 144.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,433,109 shares of the real estate investment trust’s stock valued at $357,834,000 after purchasing an additional 2,028,718 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Crown Castle during the 1st quarter valued at about $149,661,000. JPMorgan Chase & Co. increased its position in shares of Crown Castle by 107.3% during the first quarter. JPMorgan Chase & Co. now owns 2,730,309 shares of the real estate investment trust’s stock valued at $284,580,000 after buying an additional 1,412,992 shares during the period. Finally, BROOKFIELD Corp ON raised its stake in Crown Castle by 1,919.4% in the first quarter. BROOKFIELD Corp ON now owns 848,277 shares of the real estate investment trust’s stock worth $88,416,000 after buying an additional 806,271 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Stock Performance

NYSE:CCI opened at $90.20 on Wednesday. The firm has a market cap of $39.28 billion, a P/E ratio of -8.49, a P/E/G ratio of 0.67 and a beta of 0.94. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $115.76. The firm has a 50-day simple moving average of $92.98 and a two-hundred day simple moving average of $98.12.

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

Crown Castle Announces Dividend

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 paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.7%. The ex-dividend date is Monday, December 15th. Crown Castle’s dividend payout ratio (DPR) is currently -39.98%.

Insider Activity at Crown Castle

In other news, EVP Daniel K. Schlanger sold 30,000 shares of the business’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $98.08, for a total value of $2,942,400.00. Following the completion of the transaction, the executive vice president owned 65,571 shares in the company, valued at $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 is available through this link. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CCI shares. Wells Fargo & Company reduced their target price on Crown Castle from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. JPMorgan Chase & Co. dropped their price target on Crown Castle from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Thursday, October 23rd. Wolfe Research upgraded Crown Castle from a “peer perform” rating to an “outperform” rating and set a $114.00 price objective for the company in a report on Monday, September 22nd. Citigroup lowered their price objective on Crown Castle from $124.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, October 16th. Finally, KeyCorp reduced their target price on shares of Crown Castle from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Crown Castle has a consensus rating of “Moderate Buy” and an average target price of $111.59.

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.