Abel Hall LLC Sells 145 Shares of Crown Castle Inc. $CCI

Abel Hall LLC lessened its position in Crown Castle Inc. (NYSE:CCI) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,248 shares of the real estate investment trust’s stock after selling 145 shares during the period. Abel Hall LLC’s holdings in Crown Castle were worth $642,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Iron Horse Wealth Management LLC bought a new stake in shares of Crown Castle in the 1st quarter valued at $26,000. Centerpoint Advisors LLC bought a new stake in shares of Crown Castle in the first quarter worth about $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Crown Castle in the first quarter worth about $26,000. Stone House Investment Management LLC bought a new stake in shares of Crown Castle in the first quarter worth about $27,000. Finally, Rise Advisors LLC bought a new stake in shares of Crown Castle in the first quarter worth about $28,000. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Up 1.2%

CCI stock opened at $95.08 on Wednesday. The business has a 50 day moving average price of $98.78 and a two-hundred day moving average price of $100.96. The company has a market cap of $41.40 billion, a price-to-earnings ratio of -8.91, a P/E/G ratio of 0.71 and a beta of 0.95. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $115.89.

Crown Castle (NYSE:CCI) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating 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 business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business earned $1.62 earnings per share. The firm’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. On average, equities research analysts anticipate that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, September 15th. Crown Castle’s dividend payout ratio (DPR) is -39.83%.

Analyst Ratings Changes

A number of research firms recently issued reports on CCI. KeyCorp lowered their target price on Crown Castle from $125.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. UBS Group increased their price objective on shares of Crown Castle from $124.00 to $127.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Raymond James Financial reissued a “strong-buy” rating and set a $124.00 price objective (up previously from $122.00) on shares of Crown Castle in a research report on Thursday, July 24th. Wells Fargo & Company upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $105.00 to $125.00 in a report on Thursday, July 24th. Finally, Barclays increased their target price on Crown Castle from $119.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, September 15th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.76.

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.