MASTERINVEST Kapitalanlage GmbH Makes New Investment in Crown Castle Inc. $CCI

MASTERINVEST Kapitalanlage GmbH purchased a new stake in Crown Castle Inc. (NYSE:CCI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,535 shares of the real estate investment trust’s stock, valued at approximately $646,000.

A number of other large investors have also modified their holdings of the stock. Wiser Advisor Group LLC purchased a new stake in shares of Crown Castle during the third quarter worth approximately $29,000. Pingora Partners LLC purchased a new position in shares of Crown Castle in the 2nd quarter valued at about $30,000. Triumph Capital Management purchased a new position in shares of Crown Castle in the 3rd quarter valued at about $31,000. Hilton Head Capital Partners LLC raised its position in shares of Crown Castle by 55.6% during the 1st 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 in the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in shares of Crown Castle during the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citizens Jmp lowered their price target on Crown Castle from $125.00 to $120.00 and set a “market outperform” rating for the company in a report on Friday, July 24th. Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Truist Financial lowered their target price on shares of Crown Castle from $95.00 to $87.00 and set a “hold” rating for the company in a report on Tuesday, July 28th. Royal Bank Of Canada dropped their target price on shares of Crown Castle from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Finally, Citigroup reiterated a “market outperform” rating on shares of Crown Castle in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.13.

Crown Castle Trading Up 1.4%

Shares of NYSE CCI opened at $76.09 on Friday. The stock has a market cap of $32.37 billion, a P/E ratio of 38.62, a P/E/G 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 $100.50. The stock has a 50 day moving average of $76.91 and a two-hundred day moving average of $83.86.

Crown Castle (NYSE:CCI) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.05 million. During the same quarter last year, the business posted $0.67 earnings per share. The business’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. As a group, research analysts predict that Crown Castle Inc. will post 4.39 earnings per share for the current year.

Crown Castle Dividend Announcement

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

Insider Buying and Selling

In other news, VP Robert Sean Collins sold 1,500 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $75.89, for a total value of $113,835.00. Following the completion of the sale, the vice president directly owned 5,113 shares of the company’s stock, valued at approximately $388,025.57. This represents a 22.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Crown Castle Company 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.