Oregon Public Employees Retirement Fund Has $4.80 Million Holdings in Crown Castle Inc. $CCI

Oregon Public Employees Retirement Fund lifted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 32.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,747 shares of the real estate investment trust’s stock after acquiring an additional 12,190 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Crown Castle were worth $4,800,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Winnow Wealth LLC acquired a new stake in Crown Castle in the 2nd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in Crown Castle during the second quarter valued at approximately $27,000. NewSquare Capital LLC raised its position in shares of Crown Castle by 74.5% in the second quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 120 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of Crown Castle by 47.8% in the second quarter. Creative Financial Designs Inc. ADV now owns 303 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 98 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of Crown Castle by 511.3% in the second quarter. Cullen Frost Bankers Inc. now owns 324 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 271 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Performance

NYSE CCI opened at $83.68 on Friday. Crown Castle Inc. has a twelve month low of $83.21 and a twelve month high of $115.76. The stock has a market cap of $36.44 billion, a PE ratio of -7.87, a PEG ratio of 0.54 and a beta of 0.96. The firm has a 50-day simple moving average of $89.19 and a 200 day simple moving average of $96.20.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $1.84 EPS. The company’s revenue for the quarter 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Monday, December 15th. Crown Castle’s dividend payout ratio (DPR) is -39.98%.

Insider Buying and Selling

In other Crown Castle news, EVP Daniel K. Schlanger sold 30,000 shares of Crown Castle stock in a transaction on Friday, October 24th. The shares were sold at an average price of $98.08, for a total transaction of $2,942,400.00. Following the sale, the executive vice president owned 65,571 shares in the company, valued at $6,431,203.68. The trade was a 31.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on CCI. Citigroup lowered their target price on shares of Crown Castle from $124.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, October 16th. Wolfe Research raised Crown Castle from a “peer perform” rating to an “outperform” rating and set a $114.00 price target on the stock in a research report on Monday, September 22nd. Jefferies Financial Group dropped their price objective on Crown Castle from $102.00 to $90.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. KeyCorp cut their price objective on Crown Castle from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. Finally, Wells Fargo & Company lowered their target price on Crown Castle from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.33.

Crown Castle Profile

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.