National Pension Service Has $65.21 Million Stock Position in Crown Castle Inc. $CCI

National Pension Service lessened its position in shares of Crown Castle Inc. (NYSE:CCI) by 48.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 634,809 shares of the real estate investment trust’s stock after selling 602,433 shares during the period. National Pension Service’s holdings in Crown Castle were worth $65,214,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Ironwood Investment Counsel LLC increased its position in shares of Crown Castle by 31.3% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 24,055 shares of the real estate investment trust’s stock worth $2,471,000 after purchasing an additional 5,737 shares during the last quarter. CENTRAL TRUST Co grew its position in shares of Crown Castle by 14.7% in the 2nd quarter. CENTRAL TRUST Co now owns 2,125 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 272 shares during the period. Vise Technologies Inc. bought a new stake in shares of Crown Castle in the 2nd quarter valued at about $511,000. Allworth Financial LP grew its holdings in Crown Castle by 37.5% during the second quarter. Allworth Financial LP now owns 9,318 shares of the real estate investment trust’s stock worth $957,000 after purchasing an additional 2,541 shares during the period. Finally, ProShare Advisors LLC raised its stake in Crown Castle by 10.5% in the second quarter. ProShare Advisors LLC now owns 123,960 shares of the real estate investment trust’s stock valued at $12,734,000 after buying an additional 11,762 shares during the period. Institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CCI shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Crown Castle in a report on Thursday, October 30th. Raymond James Financial cut their target price on shares of Crown Castle from $124.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Thursday, October 23rd. JPMorgan Chase & Co. lowered their price target on shares of Crown Castle from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Royal Bank Of Canada set a $112.00 target price on Crown Castle and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Finally, Wells Fargo & Company dropped their price target on Crown Castle from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.12.

Crown Castle Price Performance

CCI opened at $90.61 on Friday. The company’s 50 day moving average price is $94.64 and its two-hundred day moving average price is $99.80. The firm has a market capitalization of $39.46 billion, a price-to-earnings ratio of -8.52, a PEG ratio of 0.68 and a beta of 0.94. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $115.76.

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, beating analysts’ consensus estimates of $1.04 by $0.08. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 95.37%.The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business posted $1.84 earnings per share. Crown Castle’s quarterly 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 research analysts predict that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, December 15th. Crown Castle’s payout ratio is -39.98%.

Insider Activity

In related news, EVP Daniel K. Schlanger sold 30,000 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $98.08, for a total value of $2,942,400.00. Following the completion of the sale, the executive vice president directly owned 65,571 shares of the company’s stock, valued at $6,431,203.68. The trade was a 31.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

About Crown Castle

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.