Blair William & Co. IL Trims Stock Position in Crown Castle Inc. $CCI

Blair William & Co. IL lessened its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 17.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,338 shares of the real estate investment trust’s stock after selling 8,143 shares during the period. Blair William & Co. IL’s holdings in Crown Castle were worth $3,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CCI. Opal Wealth Advisors LLC purchased a new position in shares of Crown Castle during the first quarter worth $26,000. Iron Horse Wealth Management LLC purchased a new position in shares of Crown Castle during the first quarter worth $26,000. Centerpoint Advisors LLC purchased a new position in shares of Crown Castle during the first quarter worth $26,000. Stone House Investment Management LLC purchased a new position in shares of Crown Castle during the first quarter worth $27,000. Finally, Rise Advisors LLC acquired a new stake in Crown Castle during the first quarter valued at $28,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

CCI has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Crown Castle from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. JMP Securities restated a “market outperform” rating and set a $125.00 price target on shares of Crown Castle in a research report on Thursday, July 24th. BMO Capital Markets upgraded shares of Crown Castle from a “market perform” rating to an “outperform” rating and raised their price target for the company from $115.00 to $120.00 in a research report on Tuesday, August 19th. Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, UBS Group raised their price target on shares of Crown Castle from $124.00 to $127.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.76.

Crown Castle Stock Down 1.5%

Shares of NYSE CCI opened at $96.13 on Tuesday. The company’s 50-day simple moving average is $98.00 and its 200-day simple moving average is $100.80. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $115.89. The firm has a market cap of $41.86 billion, a price-to-earnings ratio of -9.01, a price-to-earnings-growth ratio of 0.74 and a beta of 0.95.

Crown Castle (NYSE:CCI) last announced its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned $1.62 earnings per share. The company’s revenue for the quarter 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. Equities research analysts anticipate that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently declared 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 4.4%. 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.