Beverly Hills Private Wealth LLC Cuts Stake in Crown Castle Inc. $CCI

Beverly Hills Private Wealth LLC lowered its stake in shares of Crown Castle Inc. (NYSE:CCI) by 5.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,100 shares of the real estate investment trust’s stock after selling 674 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Crown Castle were worth $1,140,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Wilmington Savings Fund Society FSB increased its stake in shares of Crown Castle by 0.9% during the second quarter. Wilmington Savings Fund Society FSB now owns 10,274 shares of the real estate investment trust’s stock worth $1,055,000 after purchasing an additional 93 shares in the last quarter. Harbour Investments Inc. grew its stake in Crown Castle by 18.9% during the 1st quarter. Harbour Investments Inc. now owns 672 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 107 shares in the last quarter. Abel Hall LLC grew its stake in Crown Castle by 1.8% during the 1st quarter. Abel Hall LLC now owns 6,393 shares of the real estate investment trust’s stock valued at $666,000 after acquiring an additional 115 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Crown Castle by 0.3% during 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 acquiring an additional 120 shares in the last quarter. Finally, Ancora Advisors LLC grew its stake in Crown Castle by 1.5% during the 1st quarter. Ancora Advisors LLC now owns 8,778 shares of the real estate investment trust’s stock valued at $915,000 after acquiring an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Price Performance

NYSE:CCI opened at $97.57 on Monday. The firm has a market capitalization of $42.49 billion, a price-to-earnings ratio of -9.14, a PEG ratio of 0.74 and a beta of 0.95. The company’s 50-day moving average is $97.40 and its two-hundred day moving average is $100.59. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $115.76.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating 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%. Crown Castle’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.62 EPS. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. As a group, equities analysts anticipate that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $1.0625 dividend. 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 dividend payout ratio is currently -39.83%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Barclays upped their price objective on shares of Crown Castle from $119.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, September 15th. JMP Securities reaffirmed a “market outperform” rating and set a $125.00 price objective on shares of Crown Castle in a research note on Thursday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of Crown Castle from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $124.00 price objective (up previously from $122.00) on shares of Crown Castle in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $114.06.

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.