Chilton Capital Management LLC Sells 260 Shares of Crown Castle Inc. $CCI

Chilton Capital Management LLC decreased its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,443 shares of the real estate investment trust’s stock after selling 260 shares during the period. Chilton Capital Management LLC’s holdings in Crown Castle were worth $765,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Crown Castle by 10.1% during the first quarter. Vanguard Group Inc. now owns 68,840,605 shares of the real estate investment trust’s stock worth $7,175,256,000 after purchasing an additional 6,341,150 shares during the period. Wellington Management Group LLP lifted its stake in Crown Castle by 2.6% during the first quarter. Wellington Management Group LLP now owns 21,387,895 shares of the real estate investment trust’s stock worth $2,229,260,000 after purchasing an additional 538,049 shares during the period. Dimensional Fund Advisors LP lifted its stake in Crown Castle by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 5,992,402 shares of the real estate investment trust’s stock worth $624,584,000 after purchasing an additional 72,511 shares during the period. Deutsche Bank AG lifted its stake in Crown Castle by 60.9% during the first quarter. Deutsche Bank AG now owns 5,472,921 shares of the real estate investment trust’s stock worth $570,443,000 after purchasing an additional 2,072,198 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Crown Castle by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,212,165 shares of the real estate investment trust’s stock worth $543,264,000 after purchasing an additional 90,371 shares during the period. Institutional investors own 90.77% of the company’s stock.

Crown Castle Price Performance

CCI stock opened at $98.58 on Monday. The company has a 50 day moving average price of $97.03 and a 200 day moving average price of $100.65. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $115.76. The stock has a market capitalization of $42.93 billion, a PE ratio of -9.27, a price-to-earnings-growth ratio of 0.73 and a beta of 0.95.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.08. Crown Castle had a negative net margin of 95.37% and a negative return on equity of 619.62%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company posted $1.84 EPS. Crown Castle’s revenue was down 4.3% on a year-over-year basis. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. As a group, equities analysts expect that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, September 15th. Crown Castle’s payout ratio is -39.98%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CCI shares. Barclays lifted their target price on shares of Crown Castle from $119.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, September 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Crown Castle in a research note on Wednesday, October 8th. UBS Group lifted their target price 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. Citigroup cut their target price on shares of Crown Castle from $124.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, October 16th. Finally, Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Crown Castle presently has an average rating of “Moderate Buy” and a consensus price target of $113.12.

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.