Vanderbilt University Sells 17,913 Shares of Crown Castle Inc. $CCI

Vanderbilt University lessened its stake in Crown Castle Inc. (NYSE:CCI) by 59.0% in the second quarter, Holdings Channel reports. The firm owned 12,470 shares of the real estate investment trust’s stock after selling 17,913 shares during the quarter. Vanderbilt University’s holdings in Crown Castle were worth $1,281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CCI. CWA Asset Management Group LLC raised its stake in Crown Castle by 9.0% during the first quarter. CWA Asset Management Group LLC now owns 2,663 shares of the real estate investment trust’s stock worth $278,000 after acquiring an additional 219 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Crown Castle by 10.2% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,552 shares of the real estate investment trust’s stock valued at $5,707,000 after buying an additional 5,144 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Crown Castle by 13.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 35,031 shares of the real estate investment trust’s stock valued at $3,665,000 after buying an additional 4,276 shares during the period. Legacy Advisors LLC bought a new stake in Crown Castle in the first quarter valued at approximately $262,000. Finally, Everhart Financial Group Inc. bought a new stake in Crown Castle in the first quarter valued at approximately $307,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on CCI shares. Royal Bank Of Canada set a $112.00 target price on Crown Castle and gave the company an “outperform” rating in a report on Wednesday. KeyCorp reduced their price objective 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. UBS Group raised their price objective on shares of Crown Castle from $124.00 to $127.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $124.00 price objective (up previously from $122.00) on shares of Crown Castle in a research report on Thursday, July 24th. Finally, Wells Fargo & Company upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $105.00 to $125.00 in a report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.76.

Crown Castle Stock Down 0.2%

CCI stock opened at $95.53 on Friday. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $115.89. The firm has a market capitalization of $41.60 billion, a PE ratio of -8.95, a PEG ratio of 0.73 and a beta of 0.95. The stock has a 50-day simple moving average of $99.68 and a two-hundred day simple moving average of $101.21.

Crown Castle (NYSE:CCI) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.02. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%.Crown Castle’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. On average, equities research analysts anticipate that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a 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%.

Crown Castle 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.