Pinnacle Wealth Management Group Inc. Sells 133 Shares of Crown Castle Inc. $CCI

Pinnacle Wealth Management Group Inc. lowered its position in shares of Crown Castle Inc. (NYSE:CCI) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,184 shares of the real estate investment trust’s stock after selling 133 shares during the period. Pinnacle Wealth Management Group Inc.’s holdings in Crown Castle were worth $430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CCI. Iron Horse Wealth Management LLC bought a new stake in shares of Crown Castle during the first quarter valued at approximately $26,000. Centerpoint Advisors LLC bought a new stake in shares of Crown Castle during the first quarter valued at approximately $26,000. Stone House Investment Management LLC bought a new stake in shares of Crown Castle during the first quarter valued at approximately $27,000. Rise Advisors LLC bought a new stake in shares of Crown Castle during the first quarter valued at approximately $28,000. Finally, WPG Advisers LLC bought a new stake in shares of Crown Castle during the first quarter valued at approximately $33,000. Institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CCI shares. Royal Bank Of Canada set a $112.00 price target on shares of Crown Castle and gave the company an “outperform” rating in a research report on Wednesday, October 1st. KeyCorp reduced their price target on shares of Crown Castle from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. JMP Securities reissued a “market outperform” rating and set a $125.00 price target on shares of Crown Castle in a research report on Thursday, July 24th. The Goldman Sachs Group lifted their target price on shares of Crown Castle from $115.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Wells Fargo & Company cut their target price on shares of Crown Castle from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Crown Castle currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.12.

Crown Castle Price Performance

Shares of Crown Castle stock opened at $98.58 on Friday. The company’s fifty day simple moving average is $97.03 and its 200-day simple moving average is $100.58. The stock has a market capitalization of $42.93 billion, a PE ratio of -9.27, a P/E/G ratio of 0.74 and a beta of 0.95. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $115.76.

Crown Castle (NYSE:CCI) last issued its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.08. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Crown Castle had a negative net margin of 95.37% and a negative return on equity of 619.62%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.84 EPS. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. As a group, research analysts anticipate that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

The firm also recently declared 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 4.3%. The ex-dividend date was Monday, September 15th. Crown Castle’s dividend payout ratio (DPR) is currently -39.98%.

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.