Lion Street Advisors LLC Reduces Holdings in Crown Castle Inc. $CCI

Lion Street Advisors LLC decreased its position in Crown Castle Inc. (NYSE:CCI) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,155 shares of the real estate investment trust’s stock after selling 119 shares during the period. Lion Street Advisors LLC’s holdings in Crown Castle were worth $427,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Iron Horse Wealth Management LLC purchased a new stake in shares of Crown Castle in the 1st quarter valued at approximately $26,000. Centerpoint Advisors LLC purchased a new stake in shares of Crown Castle in the 1st quarter valued at approximately $26,000. Opal Wealth Advisors LLC purchased a new stake in shares of Crown Castle in the 1st quarter valued at approximately $26,000. Stone House Investment Management LLC purchased a new stake in shares of Crown Castle in the 1st quarter valued at approximately $27,000. Finally, Rise Advisors LLC purchased a new stake in shares of Crown Castle in the 1st quarter valued at approximately $28,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BMO Capital Markets raised shares of Crown Castle from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $115.00 to $120.00 in a research report on Tuesday, August 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Crown Castle in a research report on Wednesday, October 8th. 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. Wells Fargo & Company raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $105.00 to $125.00 in a research report on Thursday, July 24th. Finally, Raymond James Financial reaffirmed 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. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Crown Castle currently has an average rating of “Moderate Buy” and a consensus target price of $115.76.

Crown Castle Stock Up 1.2%

Crown Castle stock opened at $97.74 on Monday. The firm has a market cap of $42.56 billion, a PE ratio of -9.16, 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 $98.22 and its two-hundred day moving average is $100.85.

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 4.3%. 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.