Sustainable Insight Capital Management LLC Makes New Investment in Crown Castle Inc. $CCI

Sustainable Insight Capital Management LLC acquired a new stake in shares of Crown Castle Inc. (NYSE:CCI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,282 shares of the real estate investment trust’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Iron Horse Wealth Management LLC acquired a new stake in Crown Castle in the first quarter worth $26,000. Centerpoint Advisors LLC acquired a new stake in shares of Crown Castle in the 1st quarter worth about $26,000. Stone House Investment Management LLC acquired a new stake in shares of Crown Castle in the 1st quarter worth about $27,000. Rise Advisors LLC bought a new stake in Crown Castle in the 1st quarter valued at about $28,000. Finally, NewSquare Capital LLC boosted its stake in Crown Castle by 74.5% during the 2nd quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Daniel K. Schlanger sold 30,000 shares of Crown Castle stock in a transaction dated 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 $6,431,203.68. This trade represents a 31.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on CCI shares. BMO Capital Markets cut their target price on Crown Castle from $120.00 to $114.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Wolfe Research upgraded shares of Crown Castle from a “peer perform” rating to an “outperform” rating and set a $114.00 price objective on the stock in a research note on Monday, September 22nd. KeyCorp decreased their target price on shares of Crown Castle from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. Scotiabank boosted their price target on shares of Crown Castle from $109.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. Finally, 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. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $113.12.

Crown Castle Price Performance

NYSE:CCI opened at $87.76 on Friday. The stock has a market cap of $38.21 billion, a PE ratio of -8.26, a price-to-earnings-growth ratio of 0.68 and a beta of 0.94. The stock’s 50-day moving average is $95.22 and its two-hundred day moving average is $100.14. 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 results on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the company earned $1.84 EPS. The firm’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 anticipate that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors 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 4.8%. The ex-dividend date is Monday, December 15th. Crown Castle’s dividend payout ratio is presently -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.