McGlone Suttner Wealth Management Inc. Purchases 165 Shares of Crown Castle Inc. $CCI

McGlone Suttner Wealth Management Inc. boosted its stake in Crown Castle Inc. (NYSE:CCI) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,459 shares of the real estate investment trust’s stock after purchasing an additional 165 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Crown Castle were worth $355,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Crown Castle by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 68,840,605 shares of the real estate investment trust’s stock worth $7,175,256,000 after buying an additional 6,341,150 shares in the last quarter. Nuveen LLC purchased a new position in shares of Crown Castle during the 1st quarter valued at $305,876,000. Deutsche Bank AG lifted its holdings in shares of Crown Castle by 60.9% during the 1st quarter. Deutsche Bank AG now owns 5,472,921 shares of the real estate investment trust’s stock worth $570,443,000 after acquiring an additional 2,072,198 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Crown Castle by 144.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,433,109 shares of the real estate investment trust’s stock worth $357,834,000 after acquiring an additional 2,028,718 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in Crown Castle in the first quarter worth $149,661,000. Institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

CCI has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Crown Castle from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Raymond James Financial reiterated a “strong-buy” rating and set a $124.00 price objective (up previously from $122.00) on shares of Crown Castle in a report on Thursday, July 24th. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Wells Fargo & Company raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $105.00 to $125.00 in a report on Thursday, July 24th. Finally, Royal Bank Of Canada raised their price target on shares of Crown Castle from $112.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.18.

Crown Castle Price Performance

Shares of CCI stock opened at $93.60 on Monday. The firm has a market cap of $40.76 billion, a P/E ratio of -8.77, a PEG ratio of 0.71 and a beta of 0.92. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $119.56. The firm’s 50-day simple moving average is $101.75 and its 200-day simple moving average is $101.47.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.02. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Crown Castle had a negative net margin of 85.54% and a negative return on equity of 619.62%. Crown Castle’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the company earned $1.62 earnings per share. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. Analysts expect that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $1.0625 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.25 annualized dividend and a yield of 4.5%. Crown Castle’s payout ratio is -39.83%.

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.