Capital Advisors Ltd. LLC Buys 135 Shares of Crown Castle Inc. $CCI

Capital Advisors Ltd. LLC increased its stake in shares of Crown Castle Inc. (NYSE:CCI) by 38.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 482 shares of the real estate investment trust’s stock after acquiring an additional 135 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Crown Castle were worth $50,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CCI. Harbour Investments Inc. increased its stake 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 acquiring an additional 107 shares during the last quarter. Abel Hall LLC increased its stake 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 acquiring an additional 115 shares during the last quarter. Beacon Capital Management LLC increased its stake 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 acquiring an additional 120 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake 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 acquiring an additional 120 shares during the last quarter. Finally, Ancora Advisors LLC increased its stake in shares of Crown Castle by 1.5% in the 1st quarter. Ancora Advisors LLC now owns 8,778 shares of the real estate investment trust’s stock valued at $915,000 after acquiring an additional 131 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Performance

Shares of CCI opened at $96.60 on Friday. The stock has a 50 day simple moving average of $98.40 and a 200 day simple moving average of $100.88. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $115.89. The firm has a market capitalization of $42.07 billion, a PE ratio of -9.05, a P/E/G ratio of 0.73 and a beta of 0.95.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.02. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%.The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the firm earned $1.62 EPS. Crown Castle’s quarterly revenue was down 4.2% compared to the same quarter last year. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. Equities research analysts predict that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company 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. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CCI. KeyCorp lowered their price target 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 upped their price target on Crown Castle from $124.00 to $127.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Barclays upped their price target on Crown Castle from $119.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, September 15th. JMP Securities reiterated a “market outperform” rating and issued a $125.00 price objective on shares of Crown Castle in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Three 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 given a Sell rating to the stock. Based on data from MarketBeat, Crown Castle presently has a consensus rating of “Moderate Buy” and an average price target of $115.76.

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.