Woodward Diversified Capital LLC Takes Position in Crown Castle Inc. $CCI

Woodward Diversified Capital LLC bought a new stake in Crown Castle Inc. (NYSE:CCI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,240 shares of the real estate investment trust’s stock, valued at approximately $333,000.

A number of other hedge funds have also modified their holdings of CCI. CHICAGO TRUST Co NA increased its holdings 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 valued at $368,000 after acquiring an additional 104 shares during the period. Harbour Investments Inc. grew its position in 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 last quarter. Abel Hall LLC grew its position in 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 last quarter. Beacon Capital Management LLC grew its position in 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 last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in 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 last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Stock Performance

Shares of NYSE CCI opened at $95.74 on Thursday. The firm has a market capitalization of $41.69 billion, a P/E ratio of -8.97, a PEG ratio of 0.73 and a beta of 0.95. Crown Castle Inc. has a one year low of $84.20 and a one year high of $119.56. The company’s fifty day moving average is $100.05 and its two-hundred day moving average is $101.26.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 EPS for the quarter, topping the consensus estimate 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 business’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.62 EPS. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. On average, sell-side analysts forecast 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. Investors of record on Monday, September 15th were given a $1.0625 dividend. The ex-dividend date was Monday, September 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.4%. Crown Castle’s payout ratio is currently -39.83%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CCI. KeyCorp lowered their price objective on shares of Crown Castle from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Wells Fargo & Company upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $105.00 to $125.00 in a research report on Thursday, July 24th. Royal Bank Of Canada lifted their price objective on shares of Crown Castle from $112.00 to $113.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Wolfe Research upgraded shares of Crown Castle from a “peer perform” rating to an “outperform” rating and set a $114.00 price objective on the stock in a research report on Monday, September 22nd. Finally, Scotiabank lifted 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 report on Friday, July 25th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.82.

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.