Atria Wealth Solutions Inc. Has $952,000 Position in Crown Castle Inc. $CCI

Atria Wealth Solutions Inc. lowered its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 45.6% during the second quarter, HoldingsChannel reports. The firm owned 9,265 shares of the real estate investment trust’s stock after selling 7,761 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Crown Castle were worth $952,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Harbour Investments Inc. raised 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 raised 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. Oregon Public Employees Retirement Fund raised 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. Ancora Advisors LLC raised its position in Crown Castle by 1.5% in the 1st quarter. Ancora Advisors LLC now owns 8,778 shares of the real estate investment trust’s stock valued at $915,000 after buying an additional 131 shares during the last quarter. Finally, Cornerstone Advisory LLC raised its position in Crown Castle by 4.7% in the 1st quarter. Cornerstone Advisory LLC now owns 2,940 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Down 0.5%

CCI stock opened at $97.57 on Friday. The business has a 50 day moving average price of $97.40 and a two-hundred day moving average price of $100.66. The company has a market cap of $42.49 billion, a price-to-earnings ratio of -9.14, a P/E/G ratio of 0.74 and a beta of 0.95. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $115.76.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.02. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%.The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $1.62 earnings per share. The business’s revenue was down 4.2% compared to the same quarter last year. 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 EPS for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Monday, September 15th. Crown Castle’s payout ratio is currently -39.83%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barclays lifted their target price on Crown Castle from $119.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, September 15th. BMO Capital Markets dropped their target price on Crown Castle from $120.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday. Wall Street Zen raised Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. UBS Group lifted their target price on Crown Castle from $124.00 to $127.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, Wells Fargo & Company upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $105.00 to $125.00 in a research note on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $114.06.

Crown Castle Company 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.