Crown Castle Inc. $CCI Stock: State of Alaska Department of Revenue Cuts Holdings

State of Alaska Department of Revenue decreased its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,209 shares of the real estate investment trust’s stock after selling 6,307 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Crown Castle worth $16,942,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. TT Capital Management LLC lifted its stake in shares of Crown Castle by 2.4% in the 3rd quarter. TT Capital Management LLC now owns 34,531 shares of the real estate investment trust’s stock valued at $2,302,000 after purchasing an additional 812 shares during the period. Chiron Capital Management LLC boosted its holdings in Crown Castle by 2.1% during the third quarter. Chiron Capital Management LLC now owns 29,453 shares of the real estate investment trust’s stock worth $1,963,000 after buying an additional 600 shares during the last quarter. Krilogy Financial LLC acquired a new position in Crown Castle during the third quarter valued at approximately $353,000. NorthCrest Asset Manangement LLC acquired a new position in shares of Crown Castle in the 3rd quarter valued at $336,000. Finally, Mirador Capital Partners LP grew its stake in Crown Castle by 2.1% in the third quarter. Mirador Capital Partners LP now owns 8,512 shares of the real estate investment trust’s stock valued at $567,000 after acquiring an additional 177 shares during the period. 90.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CCI has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Crown Castle from $84.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday, September 30th. Jefferies Financial Group lowered their price objective on shares of Crown Castle from $88.00 to $82.00 and set a “hold” rating on the stock in a report on Wednesday, July 15th. Morgan Stanley set a $85.00 price objective on shares of Crown Castle in a research report on Monday, September 21st. Citizens Jmp reduced their target price on shares of Crown Castle from $125.00 to $120.00 and set a “market outperform” rating for the company in a report on Friday, July 24th. Finally, Weiss Ratings cut shares of Crown Castle from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $94.07.

Insider Transactions at Crown Castle

In other Crown Castle news, VP Robert Collins sold 1,500 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $113,835.00. Following the completion of the sale, the vice president owned 5,113 shares of the company’s stock, valued at $388,025.57. This trade represents a 22.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Crown Castle Stock Performance

CCI traded up $1.41 on Thursday, hitting $80.79. 1,247,205 shares of the company were exchanged, compared to its average volume of 3,688,739. Crown Castle Inc. has a 12 month low of $65.32 and a 12 month high of $100.50. The company has a market cap of $34.37 billion, a PE ratio of 41.02, a PEG ratio of 0.71 and a beta of 0.94. The stock’s fifty day moving average is $73.54 and its 200-day moving average is $80.59.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.05 million. During the same quarter last year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, equities research analysts expect that Crown Castle Inc. will post 4.38 EPS for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Tuesday, September 15th. Crown Castle’s dividend payout ratio is 215.74%.

Crown Castle Company Profile

Crown Castle Inc (NYSE: CCI) is a communications infrastructure company that owns, operates and leases wireless communications assets in the United States. Its infrastructure helps wireless carriers, government agencies and other customers expand network coverage and capacity for voice, data and other wireless services.

The company’s portfolio includes cell towers and fiber-based infrastructure. Crown Castle provides space on its towers for wireless equipment and offers fiber solutions that support small-cell networks, distributed antenna systems and other high-capacity communications applications.