Crown Castle Inc. $CCI Stock Holdings Decreased by SteelPeak Wealth LLC

SteelPeak Wealth LLC lowered its stake in Crown Castle Inc. (NYSE:CCI) by 10.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 10,858 shares of the real estate investment trust’s stock after selling 1,285 shares during the period. SteelPeak Wealth LLC’s holdings in Crown Castle were worth $1,115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. CHICAGO TRUST Co NA increased its position in shares of Crown Castle by 3.0% in the 1st quarter. CHICAGO TRUST Co NA now owns 3,532 shares of the real estate investment trust’s stock worth $368,000 after purchasing an additional 104 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of Crown Castle by 18.9% in the 1st quarter. Harbour Investments Inc. now owns 672 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 107 shares during the period. Abel Hall LLC boosted its holdings in shares of Crown Castle by 1.8% in the 1st quarter. Abel Hall LLC now owns 6,393 shares of the real estate investment trust’s stock valued at $666,000 after buying an additional 115 shares during the period. Beacon Capital Management LLC boosted its holdings in shares of Crown Castle by 36.6% in the 1st quarter. Beacon Capital Management LLC now owns 448 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 120 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Crown Castle by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 37,357 shares of the real estate investment trust’s stock valued at $3,894,000 after buying an additional 120 shares during the period. Institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

CCI has been the subject of several research reports. UBS Group lifted their price target on shares of Crown Castle from $124.00 to $127.00 and gave the company a “buy” rating in a report on Friday, July 25th. Royal Bank Of Canada set a $112.00 price target on shares of Crown Castle and gave the company an “outperform” rating in a report on Wednesday, October 1st. Wolfe Research raised shares of Crown Castle from a “peer perform” rating to an “outperform” rating and set a $114.00 price target for the company in a report on Monday, September 22nd. Scotiabank lifted their price target on shares of Crown Castle from $109.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, July 25th. Finally, KeyCorp decreased their price target on shares of Crown Castle from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.76.

Crown Castle Stock Up 1.2%

Crown Castle stock opened at $95.08 on Wednesday. The firm has a 50-day moving average price of $98.78 and a two-hundred day moving average price of $100.96. The firm has a market capitalization of $41.40 billion, a price-to-earnings ratio of -8.91, a PEG ratio of 0.71 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.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.02. The firm had revenue of $1.06 billion during 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%. Crown Castle’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.62 EPS. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. Research analysts expect that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, September 15th. Crown Castle’s 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.