Prestige Wealth Management Group LLC Has $31,000 Stake in Crown Castle Inc. $CCI

Prestige Wealth Management Group LLC decreased its stake in shares of Crown Castle Inc. (NYSE:CCI) by 94.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 345 shares of the real estate investment trust’s stock after selling 6,111 shares during the period. Prestige Wealth Management Group LLC’s holdings in Crown Castle were worth $31,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CCI. Wiser Advisor Group LLC acquired a new position in shares of Crown Castle during the 3rd quarter valued at about $29,000. Triumph Capital Management acquired a new position in shares of Crown Castle during the 3rd quarter valued at about $31,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Crown Castle during the 3rd quarter valued at about $31,000. Salomon & Ludwin LLC increased its holdings in shares of Crown Castle by 128.7% during the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 215 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings in shares of Crown Castle by 269.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 381 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 278 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Trading Up 0.5%

Shares of CCI stock opened at $94.27 on Friday. The stock has a 50 day moving average of $87.75 and a two-hundred day moving average of $87.66. Crown Castle Inc. has a 12 month low of $75.96 and a 12 month high of $115.76. The company has a market capitalization of $41.15 billion, a P/E ratio of 38.96, a P/E/G ratio of 0.48 and a beta of 0.93.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.42 million. During the same quarter last year, the company earned $1.10 EPS. The company’s quarterly revenue was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Sell-side analysts predict that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $1.0625 dividend. The ex-dividend date is Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.5%. Crown Castle’s dividend payout ratio (DPR) is currently 175.62%.

Analyst Upgrades and Downgrades

CCI has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a report on Friday, May 22nd. Sanford C. Bernstein initiated coverage on Crown Castle in a report on Thursday, March 5th. They set an “outperform” rating and a $102.00 price objective on the stock. Scotiabank lowered their price objective on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 7th. Raymond James Financial raised their target price on Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a report on Thursday, April 23rd. Finally, Barclays raised their target price on Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $98.52.

About Crown Castle

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.