10,000 Shares in Crown Castle Inc. $CCI Bought by Jupiter Wealth Management LLC

Jupiter Wealth Management LLC bought a new stake in Crown Castle Inc. (NYSE:CCI) in the second quarter, HoldingsChannel reports. The fund bought 10,000 shares of the real estate investment trust’s stock, valued at approximately $757,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCI. Wiser Advisor Group LLC bought a new stake in Crown Castle during the 3rd quarter worth about $29,000. Hilton Head Capital Partners LLC grew its holdings in shares of Crown Castle by 55.6% in the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 134 shares in the last quarter. Triumph Capital Management bought a new position in shares of Crown Castle in the 3rd quarter valued at about $31,000. Global Assets Advisory LLC acquired a new stake in shares of Crown Castle in the first quarter valued at about $32,000. Finally, Salomon & Ludwin LLC increased its position in shares of 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 currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price target on Crown Castle from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, July 23rd. Wall Street Zen raised Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Royal Bank Of Canada dropped their price objective on Crown Castle from $92.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Jefferies Financial Group cut their price objective on Crown Castle from $88.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, July 15th. Finally, BMO Capital Markets cut their price objective on Crown Castle from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Crown Castle has a consensus rating of “Moderate Buy” and an average target price of $95.13.

Crown Castle Price Performance

CCI stock opened at $75.44 on Friday. Crown Castle Inc. has a one year low of $69.72 and a one year high of $104.61. The stock has a market cap of $32.10 billion, a price-to-earnings ratio of 38.29, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. The company has a fifty day moving average price of $78.19 and a two-hundred day moving average price of $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 for the quarter, missing the consensus estimate of $0.39 by ($0.17). The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.05 million. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. Crown Castle’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 earnings per share. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. Research analysts anticipate that Crown Castle Inc. will post 4.39 EPS for the current fiscal year.

Crown Castle Announces Dividend

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

Insider Transactions at Crown Castle

In other news, VP Robert Sean Collins sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $113,835.00. Following the completion of the sale, the vice president owned 5,113 shares in the company, valued at $388,025.57. The trade was a 22.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

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.