Crown Castle Inc. $CCI Shares Sold by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC decreased its holdings in Crown Castle Inc. (NYSE:CCI - Free Report) by 13.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,460 shares of the real estate investment trust's stock after selling 3,679 shares during the period. Chicago Partners Investment Group LLC's holdings in Crown Castle were worth $2,574,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Iron Horse Wealth Management LLC acquired a new position in shares of Crown Castle during the first quarter worth $26,000. Centerpoint Advisors LLC acquired a new position in shares of Crown Castle during the first quarter worth $26,000. Stone House Investment Management LLC acquired a new position in shares of Crown Castle during the first quarter worth $27,000. Rise Advisors LLC acquired a new position in shares of Crown Castle during the first quarter worth $28,000. Finally, WPG Advisers LLC acquired a new position in shares of Crown Castle during the first quarter worth $33,000. Institutional investors and hedge funds own 90.77% of the company's stock.

Crown Castle Stock Performance

Shares of NYSE:CCI opened at $97.57 on Monday. The company has a 50-day simple moving average of $97.40 and a 200-day simple moving average of $100.59. Crown Castle Inc. has a one year low of $84.20 and a one year high of $115.76. The stock has a market capitalization of $42.49 billion, a price-to-earnings ratio of -9.14, a PEG ratio of 0.74 and a beta of 0.95.

Crown Castle (NYSE:CCI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same period in the prior year, the company earned $1.62 earnings per share. The business's 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. As a group, research analysts forecast that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, September 15th. Crown Castle's dividend payout ratio is presently -39.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays boosted their target price on shares of Crown Castle from $119.00 to $120.00 and gave the stock an "overweight" rating in a research note on Monday, September 15th. JMP Securities reiterated a "market outperform" rating and set a $125.00 target price on shares of Crown Castle in a research note on Thursday, July 24th. KeyCorp reduced their price target on shares of Crown Castle from $125.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday, September 17th. Raymond James Financial reissued a "strong-buy" rating and issued a $124.00 price target (up from $122.00) on shares of Crown Castle in a research report on Thursday, July 24th. Finally, BMO Capital Markets reduced their price target on shares of Crown Castle from $120.00 to $114.00 and set an "outperform" rating for the company in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $114.06.

About Crown Castle

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.