6,236 Shares in Crown Castle Inc. $CCI Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Crown Castle Inc. (NYSE:CCI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,236 shares of the real estate investment trust’s stock, valued at approximately $641,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Crown Castle by 7.4% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 839,285 shares of the real estate investment trust’s stock valued at $86,220,000 after purchasing an additional 57,768 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in Crown Castle by 6.8% in the second quarter. Los Angeles Capital Management LLC now owns 2,283 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 145 shares during the period. AGF Management Ltd. boosted its position in Crown Castle by 3.9% during the 2nd quarter. AGF Management Ltd. now owns 30,294 shares of the real estate investment trust’s stock valued at $3,112,000 after acquiring an additional 1,145 shares in the last quarter. AE Wealth Management LLC grew its holdings in shares of Crown Castle by 6.0% during the 2nd quarter. AE Wealth Management LLC now owns 7,193 shares of the real estate investment trust’s stock worth $739,000 after acquiring an additional 406 shares during the period. Finally, Paradigm Asset Management Co. LLC raised its position in shares of Crown Castle by 857.1% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 13,400 shares of the real estate investment trust’s stock worth $1,377,000 after acquiring an additional 12,000 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Price Performance

Shares of Crown Castle stock opened at $91.05 on Thursday. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $115.76. The firm’s 50-day moving average is $94.36 and its 200 day moving average is $99.38. The stock has a market cap of $39.65 billion, a price-to-earnings ratio of -8.57, a PEG ratio of 0.68 and a beta of 0.94.

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. Crown Castle had a negative net margin of 95.37% and a negative return on equity of 619.62%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the company earned $1.84 earnings per share. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. Crown Castle has set its FY 2025 guidance at 4.230-4.350 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $1.0625 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.25 annualized dividend and a yield of 4.7%. Crown Castle’s dividend payout ratio is -39.98%.

Insider Buying and Selling

In other Crown Castle news, EVP Daniel K. Schlanger sold 30,000 shares of Crown Castle 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 sale, the executive vice president owned 65,571 shares of the company’s stock, valued at approximately $6,431,203.68. This trade represents a 31.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

CCI has been the topic of several research reports. UBS Group lifted their price target on Crown Castle from $124.00 to $127.00 and gave the company a “buy” rating in a research report on Friday, July 25th. The Goldman Sachs Group boosted their target price on shares of Crown Castle from $115.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. decreased their price target on shares of Crown Castle from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. 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, Wolfe Research raised shares of Crown Castle from a “peer perform” rating to an “outperform” rating and set a $114.00 target price for the company in a research note on Monday, September 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.18.

About Crown Castle

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.