Compass Wealth Management LLC Buys 5,650 Shares of Crown Castle Inc. $CCI

Compass Wealth Management LLC increased its stake in Crown Castle Inc. (NYSE:CCI) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,023 shares of the real estate investment trust’s stock after buying an additional 5,650 shares during the period. Crown Castle accounts for 1.6% of Compass Wealth Management LLC’s portfolio, making the stock its 24th largest position. Compass Wealth Management LLC’s holdings in Crown Castle were worth $6,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Choreo LLC raised its stake in Crown Castle by 1.1% in the third quarter. Choreo LLC now owns 11,021 shares of the real estate investment trust’s stock worth $1,063,000 after buying an additional 120 shares in the last quarter. United Asset Strategies Inc. raised its stake in Crown Castle by 2.5% in the fourth quarter. United Asset Strategies Inc. now owns 4,931 shares of the real estate investment trust’s stock worth $438,000 after buying an additional 120 shares in the last quarter. Consolidated Portfolio Review Corp raised its stake in Crown Castle by 1.1% in the third quarter. Consolidated Portfolio Review Corp now owns 10,966 shares of the real estate investment trust’s stock worth $1,058,000 after buying an additional 123 shares in the last quarter. Binnacle Investments Inc raised its stake in Crown Castle by 10.9% in the third quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 127 shares in the last quarter. Finally, Integrated Advisors Network LLC raised its stake in Crown Castle by 5.6% in the third quarter. Integrated Advisors Network LLC now owns 2,489 shares of the real estate investment trust’s stock worth $240,000 after buying an additional 132 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Performance

Shares of NYSE CCI opened at $93.52 on Thursday. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76. The company has a 50 day simple moving average of $88.58 and a two-hundred day simple moving average of $87.68. The company has a market capitalization of $40.82 billion, a price-to-earnings ratio of 38.65, a P/E/G ratio of 0.47 and a beta of 0.93.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.55. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.42 million. During the same quarter in the prior year, the company posted $1.10 earnings per share. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, analysts forecast that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.0625 per share. The ex-dividend date is Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.5%. Crown Castle’s dividend payout ratio is presently 175.62%.

Wall Street Analyst Weigh In

CCI has been the subject of a number of analyst reports. Wolfe Research downgraded shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, May 20th. Truist Financial initiated coverage on shares of Crown Castle in a research note on Tuesday, March 31st. They set a “hold” rating and a $90.00 target price for the company. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Sanford C. Bernstein initiated coverage on shares of Crown Castle in a research note on Thursday, March 5th. They set an “outperform” rating and a $102.00 target price for the company. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $85.00 target price (down from $90.00) on shares of Crown Castle in a research note on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.52.

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.