Uniplan Investment Counsel Inc. Decreases Stake in Crown Castle Inc. $CCI

Key Points

• Uniplan Investment Counsel Inc. has reduced its position in Crown Castle Inc. by 6.8%, now holding approximately 257,014 shares valued at about $26.79 million, which represents 2.6% of its portfolio.
• Other institutional investors like Vanguard Group Inc. and Deutsche Bank AG have increased their stakes in Crown Castle, with Vanguard raising its position by 10.1% to 68.84 million shares.
• Crown Castle recently reported a quarterly EPS of $1.02, surpassing analyst expectations, but experienced a 4.2% year-over-year decline in revenue, with a new dividend of $1.0625 declared, yielding 4.4%.

Uniplan Investment Counsel Inc. trimmed its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 6.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,014 shares of the real estate investment trust's stock after selling 18,861 shares during the period. Crown Castle makes up approximately 2.6% of Uniplan Investment Counsel Inc.'s portfolio, making the stock its 8th biggest position. Uniplan Investment Counsel Inc. owned approximately 0.06% of Crown Castle worth $26,789,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in shares of Crown Castle during the first quarter valued at approximately $26,000. Iron Horse Wealth Management LLC acquired a new stake in Crown Castle in the 1st quarter valued at $26,000. Centerpoint Advisors LLC bought a new stake in Crown Castle during the 1st quarter valued at $26,000. Stone House Investment Management LLC acquired a new position in Crown Castle during the first quarter worth $27,000. Finally, Rise Advisors LLC acquired a new position in Crown Castle during the first quarter worth $28,000. Institutional investors own 90.77% of the company's stock.

Crown Castle Trading Up 0.6%

Shares of NYSE CCI traded up $0.59 during midday trading on Tuesday, hitting $94.47. The company's stock had a trading volume of 8,184,786 shares, compared to its average volume of 3,576,708. The stock has a fifty day moving average price of $103.15 and a 200 day moving average price of $101.40. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The firm has a market capitalization of $41.14 billion, a price-to-earnings ratio of -8.85, a P/E/G ratio of 0.71 and a beta of 0.92.

Crown Castle (NYSE:CCI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.02. Crown Castle had a negative net margin of 85.54% and a negative return on equity of 619.62%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the firm posted $1.62 earnings per share. 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. On average, equities research analysts predict 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 will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, September 15th. Crown Castle's dividend payout ratio is -39.83%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CCI. Barclays lowered their price objective on Crown Castle from $121.00 to $119.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. Raymond James Financial restated a "strong-buy" rating and set a $124.00 price objective (up from $122.00) on shares of Crown Castle in a research note on Thursday, July 24th. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 price objective on shares of Crown Castle in a report on Thursday, July 24th. UBS Group upped their target price on shares of Crown Castle from $124.00 to $127.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Scotiabank raised their price target on shares of Crown Castle from $109.00 to $114.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $116.41.

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.