Crown Castle Inc. $CCI Position Lessened by Chilton Capital Management LLC

Chilton Capital Management LLC trimmed its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 3.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,443 shares of the real estate investment trust’s stock after selling 260 shares during the quarter. Chilton Capital Management LLC’s holdings in Crown Castle were worth $765,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Resonant Capital Advisors LLC increased its position in Crown Castle by 27.7% during the second quarter. Resonant Capital Advisors LLC now owns 2,474 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 537 shares during the last quarter. Wealthfront Advisers LLC increased its position in Crown Castle by 32.1% during the second quarter. Wealthfront Advisers LLC now owns 179,286 shares of the real estate investment trust’s stock worth $18,418,000 after buying an additional 43,567 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Crown Castle by 2.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 134,697 shares of the real estate investment trust’s stock worth $13,837,000 after buying an additional 3,725 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs increased its position in Crown Castle by 7.6% during the second quarter. AG2R LA Mondiale Gestion D Actifs now owns 19,836 shares of the real estate investment trust’s stock worth $2,038,000 after buying an additional 1,398 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in Crown Castle by 0.4% during the second quarter. State of New Jersey Common Pension Fund D now owns 142,936 shares of the real estate investment trust’s stock worth $14,684,000 after buying an additional 629 shares during the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Stock Performance

NYSE CCI opened at $98.58 on Monday. The firm has a 50-day simple moving average of $97.03 and a 200 day simple moving average of $100.65. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $115.76. The stock has a market cap of $42.93 billion, a PE ratio of -9.27, a PEG ratio of 0.73 and a beta of 0.95.

Crown Castle (NYSE:CCI) last released its earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.08. Crown Castle had a negative net margin of 95.37% and a negative return on equity of 619.62%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company earned $1.84 earnings per share. The firm’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. Research analysts forecast that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $1.0625 dividend. 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 presently -39.98%.

Analysts Set New Price Targets

Several equities analysts have commented on CCI shares. Royal Bank Of Canada set a $112.00 target price on shares of Crown Castle and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. KeyCorp lowered their price target on Crown Castle from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Raymond James Financial lowered their price target on Crown Castle from $124.00 to $120.00 and set a “strong-buy” rating on the stock in a research report on Thursday. UBS Group raised their price target on Crown Castle from $124.00 to $127.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. lowered their price target on Crown Castle from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Crown Castle has an average rating of “Moderate Buy” and a consensus target price of $113.12.

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.