Curated Wealth Partners LLC lessened its stake in Crown Castle Inc. (NYSE:CCI – Free Report) by 92.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,319 shares of the real estate investment trust’s stock after selling 73,153 shares during the quarter. Curated Wealth Partners LLC’s holdings in Crown Castle were worth $421,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Front Row Advisors LLC increased its position in Crown Castle by 1.4% during the first quarter. Front Row Advisors LLC now owns 9,305 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 130 shares during the last quarter. Hilton Head Capital Partners LLC raised its stake in Crown Castle by 55.6% during the first quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 134 shares during the period. CENTRAL TRUST Co boosted its holdings in Crown Castle by 10.2% in the 1st quarter. CENTRAL TRUST Co now owns 1,488 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 138 shares during the last quarter. Linscomb Wealth Inc. boosted its holdings in Crown Castle by 0.3% in the 2nd quarter. Linscomb Wealth Inc. now owns 53,512 shares of the real estate investment trust’s stock valued at $4,052,000 after purchasing an additional 145 shares during the last quarter. Finally, World Investment Advisors boosted its holdings in Crown Castle by 2.0% in the 1st quarter. World Investment Advisors now owns 7,882 shares of the real estate investment trust’s stock valued at $641,000 after purchasing an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.
Insider Transactions at Crown Castle
In other news, VP Robert Collins sold 1,500 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $75.89, for a total transaction of $113,835.00. Following the sale, the vice president owned 5,113 shares of the company’s stock, valued at approximately $388,025.57. This represents a 22.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $80.00 price target (down from $85.00) on shares of Crown Castle in a research note on Monday, September 14th. Weiss Ratings lowered Crown Castle from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Citigroup reiterated a “market outperform” rating on shares of Crown Castle in a research report on Friday, July 24th. The Goldman Sachs Group initiated coverage on Crown Castle in a research note on Friday, June 26th. They set a “neutral” rating and a $95.00 target price for the company. Finally, Royal Bank Of Canada reduced their target price on Crown Castle from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $94.07.
Read Our Latest Stock Report on Crown Castle
Crown Castle Stock Performance
Crown Castle stock opened at $82.30 on Friday. Crown Castle Inc. has a fifty-two week low of $65.32 and a fifty-two week high of $100.50. The firm has a 50 day moving average price of $73.78 and a 200 day moving average price of $80.61. The company has a market capitalization of $35.01 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 0.72 and a beta of 0.94.
Crown Castle (NYSE:CCI – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.05 million. During the same quarter in the previous year, the company earned $0.67 earnings per share. The firm’s quarterly revenue 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 forecast that Crown Castle Inc. will post 4.38 earnings per share for the current year.
Crown Castle Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $1.0625 per share. The ex-dividend date was Tuesday, September 15th. This represents a $4.25 dividend on an annualized basis and a yield of 5.2%. Crown Castle’s dividend payout ratio is 215.74%.
Crown Castle 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.
Featured Articles
- Five stocks we like better than Crown Castle
- Bank of America Stock Sell-Off Looks Like a Buying Opportunity
- AST SpaceMobile Is Down 67%—Could SpaceX’s Mobile Push Deepen the Selloff?
- GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
- Fundamental and Technicals Signals Align for Costco: Is the Stock Finally Breaking Out?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Crown Castle Right Now?
Before you consider Crown Castle, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Crown Castle wasn’t on the list.
While Crown Castle currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
