Beacon Capital Management LLC Has $34,000 Holdings in Crown Castle Inc. $CCI

Beacon Capital Management LLC lessened its stake in Crown Castle Inc. (NYSE:CCI) by 25.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 333 shares of the real estate investment trust’s stock after selling 115 shares during the quarter. Beacon Capital Management LLC’s holdings in Crown Castle were worth $34,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in Crown Castle in the 1st quarter worth approximately $26,000. Iron Horse Wealth Management LLC purchased a new stake in Crown Castle in the 1st quarter worth approximately $26,000. Centerpoint Advisors LLC purchased a new stake in Crown Castle in the 1st quarter worth approximately $26,000. Stone House Investment Management LLC purchased a new stake in Crown Castle in the 1st quarter worth approximately $27,000. Finally, Rise Advisors LLC purchased a new stake in Crown Castle in the 1st quarter worth approximately $28,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Price Performance

Shares of Crown Castle stock opened at $95.30 on Monday. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $119.56. The firm has a fifty day moving average price of $100.82 and a two-hundred day moving average price of $101.38. The company has a market cap of $41.50 billion, a PE ratio of -8.93, a price-to-earnings-growth ratio of 0.72 and a beta of 0.92.

Crown Castle (NYSE:CCI) last issued 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 net margin of 85.54% and a negative return on equity of 619.62%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm earned $1.62 EPS. The business’s revenue was down 4.2% on a year-over-year basis. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. Analysts expect that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $1.0625 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.25 dividend on an annualized basis and a yield of 4.5%. Crown Castle’s dividend payout ratio is -39.83%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CCI shares. Wolfe Research upgraded shares of Crown Castle from a “peer perform” rating to an “outperform” rating and set a $114.00 target price for the company in a research report on Monday, September 22nd. Barclays increased their price target on shares of Crown Castle from $119.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, September 15th. Wells Fargo & Company upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $105.00 to $125.00 in a research note on Thursday, July 24th. Wall Street Zen upgraded Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Scotiabank raised their target price on Crown Castle from $109.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, July 25th. Three equities 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. According to MarketBeat.com, Crown Castle currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.82.

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.