Crown Castle Inc. $CCI Stock Position Lowered by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC lessened its stake in Crown Castle Inc. (NYSE:CCI) by 52.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,115 shares of the real estate investment trust’s stock after selling 2,324 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Crown Castle were worth $217,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Crown Castle by 10.1% in the 1st quarter. Vanguard Group Inc. now owns 68,840,605 shares of the real estate investment trust’s stock valued at $7,175,256,000 after buying an additional 6,341,150 shares during the period. Wellington Management Group LLP increased its stake in Crown Castle by 2.6% in the 1st quarter. Wellington Management Group LLP now owns 21,387,895 shares of the real estate investment trust’s stock valued at $2,229,260,000 after buying an additional 538,049 shares during the period. Dimensional Fund Advisors LP increased its stake in Crown Castle by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,992,402 shares of the real estate investment trust’s stock valued at $624,584,000 after buying an additional 72,511 shares during the period. Deutsche Bank AG increased its stake in Crown Castle by 60.9% in the 1st quarter. Deutsche Bank AG now owns 5,472,921 shares of the real estate investment trust’s stock valued at $570,443,000 after buying an additional 2,072,198 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Crown Castle by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,212,165 shares of the real estate investment trust’s stock valued at $543,264,000 after buying an additional 90,371 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CCI. Scotiabank upped their price objective on shares of Crown Castle from $109.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, July 25th. Raymond James Financial restated a “strong-buy” rating and set a $124.00 price target (up previously from $122.00) on shares of Crown Castle in a research note on Thursday, July 24th. Barclays increased their price target on shares of Crown Castle from $119.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, September 15th. KeyCorp dropped 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 restated a “sell (d)” rating on shares of Crown Castle in a research note on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Crown Castle currently has an average rating of “Moderate Buy” and a consensus price target of $115.76.

Crown Castle Price Performance

Shares of Crown Castle stock opened at $97.74 on Friday. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $115.89. The firm has a fifty day moving average price of $98.22 and a two-hundred day moving average price of $100.86. The company has a market cap of $42.56 billion, a PE ratio of -9.16, a price-to-earnings-growth ratio of 0.73 and a beta of 0.95.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.02. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned $1.62 EPS. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. Analysts expect that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, September 15th. Crown Castle’s dividend payout ratio (DPR) is presently -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.