U.S. Capital Wealth Advisors LLC Sells 12,492 Shares of Crown Castle Inc. $CCI

U.S. Capital Wealth Advisors LLC cut its stake in Crown Castle Inc. (NYSE:CCI) by 72.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,664 shares of the real estate investment trust’s stock after selling 12,492 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Crown Castle were worth $479,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. CHICAGO TRUST Co NA lifted its holdings in shares of Crown Castle by 3.0% during the first quarter. CHICAGO TRUST Co NA now owns 3,532 shares of the real estate investment trust’s stock valued at $368,000 after acquiring an additional 104 shares during the period. Harbour Investments Inc. increased its position in shares of Crown Castle by 18.9% during the 1st quarter. Harbour Investments Inc. now owns 672 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 107 shares in the last quarter. Abel Hall LLC lifted its holdings in Crown Castle by 1.8% during the 1st quarter. Abel Hall LLC now owns 6,393 shares of the real estate investment trust’s stock valued at $666,000 after purchasing an additional 115 shares during the last quarter. Beacon Capital Management LLC lifted its holdings in Crown Castle by 36.6% during the 1st quarter. Beacon Capital Management LLC now owns 448 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 120 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Crown Castle by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 37,357 shares of the real estate investment trust’s stock valued at $3,894,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Crown Castle from $119.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, September 15th. JMP Securities reaffirmed a “market outperform” rating and set a $125.00 price target on shares of Crown Castle in a report on Thursday, July 24th. Royal Bank Of Canada lifted their price objective on Crown Castle from $112.00 to $113.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Raymond James Financial restated a “strong-buy” rating and set a $124.00 target price (up previously from $122.00) on shares of Crown Castle in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their target price on Crown Castle from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.82.

Crown Castle Stock Up 0.4%

Shares of CCI opened at $94.09 on Friday. The stock’s fifty day simple moving average is $101.02 and its 200-day simple moving average is $101.31. The firm has a market capitalization of $40.97 billion, a PE ratio of -8.82, a price-to-earnings-growth ratio of 0.71 and a beta of 0.92. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $119.56.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.02. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%.The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the business posted $1.62 EPS. The company’s quarterly revenue 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. Analysts anticipate that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid 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 (DPR) is presently -39.83%.

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.