Crown Castle Inc. $CCI Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 17.5% during the second quarter, HoldingsChannel.com reports. The fund owned 38,338 shares of the real estate investment trust’s stock after selling 8,143 shares during the period. Blair William & Co. IL’s holdings in Crown Castle were worth $3,938,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CCI. CWA Asset Management Group LLC raised its stake in Crown Castle by 9.0% during the first quarter. CWA Asset Management Group LLC now owns 2,663 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 219 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Crown Castle by 10.2% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,552 shares of the real estate investment trust’s stock worth $5,707,000 after purchasing an additional 5,144 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Crown Castle by 13.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 35,031 shares of the real estate investment trust’s stock worth $3,665,000 after purchasing an additional 4,276 shares during the period. Legacy Advisors LLC purchased a new position in Crown Castle during the first quarter worth about $262,000. Finally, Inspire Trust Co. N.A. raised its stake in Crown Castle by 25.0% during the first quarter. Inspire Trust Co. N.A. now owns 20,000 shares of the real estate investment trust’s stock worth $2,085,000 after purchasing an additional 4,000 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. UBS Group boosted their price target on shares of Crown Castle from $124.00 to $127.00 and gave the company a “buy” rating in a research note on Friday, July 25th. JMP Securities reissued a “market outperform” rating and issued a $125.00 price target on shares of Crown Castle in a research note on Thursday, July 24th. 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 note on Wednesday, September 17th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Crown Castle in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Crown Castle has a consensus rating of “Moderate Buy” and an average target price of $115.76.

Crown Castle Stock Down 1.5%

Crown Castle stock opened at $96.13 on Tuesday. The firm has a market cap of $41.86 billion, a PE ratio of -9.01, a price-to-earnings-growth ratio of 0.74 and a beta of 0.95. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $115.89. The company’s 50 day moving average is $98.00 and its two-hundred day moving average is $100.80.

Crown Castle (NYSE:CCI) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Crown Castle had a negative net margin of 85.54% and a negative return on equity of 619.62%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.62 EPS. 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 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $1.0625 per share. The ex-dividend date was Monday, September 15th. This represents a $4.25 dividend on an annualized basis and a yield of 4.4%. Crown Castle’s dividend payout ratio is -39.83%.

Crown Castle Profile

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.