Teacher Retirement System of Texas Sells 4,187 Shares of Crown Castle Inc. $CCI

Teacher Retirement System of Texas reduced its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 5.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,516 shares of the real estate investment trust’s stock after selling 4,187 shares during the quarter. Teacher Retirement System of Texas’ holdings in Crown Castle were worth $8,169,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCI. Iron Horse Wealth Management LLC bought a new position in shares of Crown Castle during the 1st quarter worth approximately $26,000. Centerpoint Advisors LLC bought a new stake in Crown Castle in the 1st quarter valued at $26,000. Stone House Investment Management LLC bought a new stake in Crown Castle in the 1st quarter valued at $27,000. Rise Advisors LLC bought a new stake in Crown Castle in the 1st quarter valued at $28,000. Finally, WPG Advisers LLC bought a new stake in Crown Castle in the 1st quarter valued at $33,000. 90.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CCI shares. Weiss Ratings restated a “sell (d)” rating on shares of Crown Castle in a research note on Wednesday, October 8th. UBS Group boosted their price target on Crown Castle from $124.00 to $127.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Citigroup reduced their price target on Crown Castle from $124.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, October 16th. Royal Bank Of Canada set a $112.00 price target on Crown Castle and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, BMO Capital Markets reduced their price target on Crown Castle from $120.00 to $114.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.12.

Insiders Place Their Bets

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

Crown Castle Stock Performance

Crown Castle stock opened at $92.40 on Thursday. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $115.76. The stock has a market capitalization of $40.24 billion, a P/E ratio of -8.69, a price-to-earnings-growth ratio of 0.70 and a beta of 0.95. The stock has a fifty day moving average of $96.62 and a 200-day moving average of $100.63.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 EPS for the quarter, topping 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 company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the firm earned $1.84 EPS. Crown Castle’s 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. On average, research analysts forecast that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $1.0625 per share. The ex-dividend date was Monday, September 15th. This represents a $4.25 dividend on an annualized basis and a yield of 4.6%. Crown Castle’s payout ratio is currently -39.98%.

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.