Jupiter Wealth Management LLC Makes New $757,000 Investment in Crown Castle Inc. $CCI

Jupiter Wealth Management LLC bought a new position in shares of Crown Castle Inc. (NYSE:CCI) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,000 shares of the real estate investment trust’s stock, valued at approximately $757,000.

Other hedge funds have also modified their holdings of the company. Wiser Advisor Group LLC acquired a new position in Crown Castle during the 3rd quarter worth $29,000. Hilton Head Capital Partners LLC raised its position in shares of Crown Castle by 55.6% during the first quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 134 shares during the last quarter. Triumph Capital Management bought a new stake in shares of Crown Castle during the third quarter worth $31,000. Global Assets Advisory LLC acquired a new position in shares of Crown Castle during the first quarter valued at $32,000. Finally, Salomon & Ludwin LLC boosted its holdings in Crown Castle by 128.7% in the fourth quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 215 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Performance

Shares of CCI opened at $75.44 on Friday. The firm has a market cap of $32.10 billion, a P/E ratio of 38.29, a PEG ratio of 0.40 and a beta of 0.95. Crown Castle Inc. has a twelve month low of $69.72 and a twelve month high of $104.61. The firm’s 50 day moving average price is $78.19 and its two-hundred day moving average price is $84.17.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.17). Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.05 million. During the same period in the prior year, the company earned $0.67 EPS. The firm’s revenue was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. On average, sell-side analysts anticipate that Crown Castle Inc. will post 4.39 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Tuesday, September 15th. Crown Castle’s dividend payout ratio is 215.74%.

Analysts Set New Price Targets

Several analysts have weighed in on CCI shares. The Goldman Sachs Group started coverage on Crown Castle in a report on Friday, June 26th. They set a “neutral” rating and a $95.00 price objective for the company. Citizens Jmp reduced their target price on shares of Crown Castle from $125.00 to $120.00 and set a “market outperform” rating on the stock in a research note on Friday, July 24th. Royal Bank Of Canada lowered their price target on shares of Crown Castle from $92.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Truist Financial dropped their price target on shares of Crown Castle from $95.00 to $87.00 and set a “hold” rating for the company in a research note on Tuesday, July 28th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Crown Castle from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.13.

Insider Activity

In other Crown Castle news, VP Robert Sean Collins sold 1,500 shares of Crown Castle stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $75.89, for a total value of $113,835.00. Following the sale, the vice president owned 5,113 shares of the company’s stock, valued at $388,025.57. This trade represents a 22.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.

Crown Castle Profile

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.