Crown Castle Inc. $CCI Position Raised by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC grew its position in shares of Crown Castle Inc. (NYSE:CCI) by 857.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,400 shares of the real estate investment trust’s stock after purchasing an additional 12,000 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Crown Castle were worth $1,377,000 as of its most recent filing with the SEC.

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

Crown Castle Price Performance

Shares of Crown Castle stock opened at $89.54 on Friday. The firm has a market cap of $38.99 billion, a price-to-earnings ratio of -8.42, a P/E/G ratio of 0.68 and a beta of 0.94. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $115.76. The stock has a 50-day simple moving average of $95.03 and a 200-day simple moving average of $100.06.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.08. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 95.37%.The firm’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.84 earnings per share. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. As a group, equities research analysts predict that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Announces Dividend

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 issued a $1.0625 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.25 dividend on an annualized basis and a yield of 4.7%. Crown Castle’s dividend payout ratio is currently -39.98%.

Wall Street Analyst Weigh In

A number of research firms have commented on CCI. Barclays upped their price objective on shares of Crown Castle from $119.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, September 15th. UBS Group upped their price target on shares of Crown Castle from $124.00 to $127.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Wells Fargo & Company lowered 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 report on Monday, October 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Crown Castle in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. lowered their price target on Crown Castle from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $113.12.

Insider Transactions at Crown Castle

In other Crown Castle news, EVP Daniel K. Schlanger sold 30,000 shares of the stock in a transaction on Friday, October 24th. The shares were sold at an average price of $98.08, for a total transaction of $2,942,400.00. Following the transaction, the executive vice president directly owned 65,571 shares of the company’s stock, valued at $6,431,203.68. This represents a 31.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.