Ironwood Investment Counsel LLC Has $2.47 Million Stake in Crown Castle Inc. $CCI

Ironwood Investment Counsel LLC boosted its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 31.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,055 shares of the real estate investment trust’s stock after buying an additional 5,737 shares during the period. Ironwood Investment Counsel LLC’s holdings in Crown Castle were worth $2,471,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CCI. CWM LLC raised its holdings in shares of Crown Castle by 12.2% in the 1st quarter. CWM LLC now owns 19,153 shares of the real estate investment trust’s stock worth $1,996,000 after buying an additional 2,082 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Crown Castle during the first quarter worth about $1,623,000. Signaturefd LLC raised its stake in shares of Crown Castle by 9.0% in the first quarter. Signaturefd LLC now owns 17,370 shares of the real estate investment trust’s stock valued at $1,810,000 after acquiring an additional 1,434 shares during the last quarter. Dakota Wealth Management grew its position in Crown Castle by 49.6% during the 1st quarter. Dakota Wealth Management now owns 8,871 shares of the real estate investment trust’s stock worth $925,000 after acquiring an additional 2,942 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its position in Crown Castle by 143.3% in the 1st quarter. Wealthfront Advisers LLC now owns 135,719 shares of the real estate investment trust’s stock valued at $14,146,000 after purchasing an additional 79,941 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Crown Castle news, EVP Daniel K. Schlanger sold 30,000 shares of Crown Castle stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $98.08, for a total value of $2,942,400.00. Following the transaction, the executive vice president owned 65,571 shares of the company’s stock, valued at approximately $6,431,203.68. The trade was a 31.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Crown Castle Stock Up 2.7%

CCI opened at $94.34 on Wednesday. The stock has a market cap of $41.08 billion, a P/E ratio of -8.88, a P/E/G ratio of 0.68 and a beta of 0.94. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $115.76. The company has a fifty day simple moving average of $94.80 and a 200 day simple moving average of $99.90.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.08. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 95.37%.The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm earned $1.84 earnings per share. The company’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. On average, equities research analysts expect that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, December 15th. Crown Castle’s dividend payout ratio (DPR) is -39.98%.

Wall Street Analysts Forecast Growth

CCI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on Crown Castle from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Thursday, October 23rd. Scotiabank boosted their price objective on Crown Castle from $109.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. Royal Bank Of Canada set a $112.00 price target on shares of Crown Castle and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. 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, KeyCorp dropped their price objective on Crown Castle from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Crown Castle has a consensus rating of “Moderate Buy” and an average price target of $113.12.

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.