Clear Creek Financial Management LLC Sells 466 Shares of Crown Castle Inc. $CCI

Clear Creek Financial Management LLC decreased its position in Crown Castle Inc. (NYSE:CCI) by 14.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,695 shares of the real estate investment trust’s stock after selling 466 shares during the period. Clear Creek Financial Management LLC’s holdings in Crown Castle were worth $277,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CCI. Opal Wealth Advisors LLC bought a new position in Crown Castle in the first quarter valued at about $26,000. Iron Horse Wealth Management LLC bought a new position in Crown Castle in the first quarter valued at about $26,000. Centerpoint Advisors LLC acquired a new position in Crown Castle in the first quarter valued at about $26,000. Stone House Investment Management LLC acquired a new position in Crown Castle in the first quarter valued at about $27,000. Finally, Rise Advisors LLC acquired a new position in Crown Castle in the first quarter valued at about $28,000. Institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays increased their target price on Crown Castle from $119.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, September 15th. Wall Street Zen raised Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Royal Bank Of Canada set a $112.00 target price on Crown Castle and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Wells Fargo & Company raised Crown Castle from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $105.00 to $125.00 in a research note on Thursday, July 24th. Finally, JMP Securities reissued a “market outperform” rating and issued a $125.00 target price on shares of Crown Castle in a research note on Thursday, July 24th. Three investment 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Crown Castle has an average rating of “Moderate Buy” and a consensus target price of $115.76.

Crown Castle Price Performance

NYSE CCI opened at $97.74 on Friday. The firm has a market cap of $42.56 billion, a P/E ratio of -9.16, a P/E/G ratio of 0.74 and a beta of 0.95. The stock’s 50-day moving average is $98.22 and its 200-day moving average is $100.86. Crown Castle Inc. has a one year low of $84.20 and a one year high of $115.89.

Crown Castle (NYSE:CCI) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.04 billion. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%.Crown Castle’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.62 earnings per share. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. Equities analysts anticipate that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $1.0625 dividend. The ex-dividend date was Monday, September 15th. This represents a $4.25 annualized dividend and a yield of 4.3%. Crown Castle’s payout ratio 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.