GAMMA Investing LLC Increases Stock Position in Crown Castle Inc. $CCI

GAMMA Investing LLC boosted its stake in Crown Castle Inc. (NYSE:CCI) by 33.5% during the second quarter, HoldingsChannel reports. The firm owned 7,702 shares of the real estate investment trust’s stock after buying an additional 1,933 shares during the period. GAMMA Investing LLC’s holdings in Crown Castle were worth $791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Crown Castle in the first quarter valued at approximately $26,000. Iron Horse Wealth Management LLC purchased a new stake in Crown Castle in the first quarter valued at approximately $26,000. Centerpoint Advisors LLC purchased a new stake in Crown Castle in the first quarter valued at approximately $26,000. Stone House Investment Management LLC purchased a new stake in Crown Castle in the first quarter valued at approximately $27,000. Finally, Rise Advisors LLC purchased a new stake in Crown Castle in the first quarter valued at approximately $28,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Stock Performance

Shares of Crown Castle stock opened at $93.74 on Thursday. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $119.56. The stock has a market capitalization of $40.82 billion, a price-to-earnings ratio of -8.79, a P/E/G ratio of 0.72 and a beta of 0.92. The company’s 50 day moving average price is $101.22 and its 200-day moving average price is $101.34.

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

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $1.0625 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.5%. Crown Castle’s dividend payout ratio (DPR) is currently -39.83%.

Wall Street Analyst Weigh In

CCI has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised their target price on shares of Crown Castle from $112.00 to $113.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. UBS Group increased 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. Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Scotiabank increased their price target on shares of Crown Castle from $109.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, July 25th. Finally, KeyCorp reduced their price target on shares of Crown Castle from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Crown Castle presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.06.

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.