Measured Risk Portfolios Inc. Trims Stock Position in Crown Castle Inc. $CCI

Measured Risk Portfolios Inc. lowered its position in shares of Crown Castle Inc. (NYSE:CCI) by 8.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,516 shares of the real estate investment trust’s stock after selling 2,194 shares during the period. Crown Castle accounts for about 2.2% of Measured Risk Portfolios Inc.’s holdings, making the stock its 15th biggest position. Measured Risk Portfolios Inc.’s holdings in Crown Castle were worth $2,313,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. CHICAGO TRUST Co NA grew its stake in Crown Castle by 3.0% in the 1st quarter. CHICAGO TRUST Co NA now owns 3,532 shares of the real estate investment trust’s stock worth $368,000 after buying an additional 104 shares in the last quarter. Harbour Investments Inc. grew its stake in Crown Castle by 18.9% in the 1st quarter. Harbour Investments Inc. now owns 672 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 107 shares in the last quarter. Abel Hall LLC grew its stake in Crown Castle by 1.8% in the 1st quarter. Abel Hall LLC now owns 6,393 shares of the real estate investment trust’s stock worth $666,000 after buying an additional 115 shares in the last quarter. Beacon Capital Management LLC grew its stake in Crown Castle by 36.6% in the 1st quarter. Beacon Capital Management LLC now owns 448 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 120 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in Crown Castle by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 37,357 shares of the real estate investment trust’s stock worth $3,894,000 after buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

CCI has been the subject of a number of research reports. KeyCorp cut 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 note on Wednesday, September 17th. JMP Securities restated a “market outperform” rating and issued a $125.00 price objective on shares of Crown Castle in a report on Thursday, July 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Crown Castle in a report on Saturday, September 27th. Scotiabank upped their price target on shares of Crown Castle from $109.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, July 25th. Finally, BMO Capital Markets upgraded shares of Crown Castle from a “market perform” rating to an “outperform” rating and upped their price target for the company from $115.00 to $120.00 in a report on Tuesday, August 19th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Crown Castle currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.76.

Crown Castle Price Performance

NYSE:CCI opened at $95.57 on Friday. The firm’s 50-day moving average price is $99.36 and its 200-day moving average price is $101.12. The company has a market capitalization of $41.62 billion, a PE ratio of -8.96, a P/E/G ratio of 0.73 and a beta of 0.95. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $115.89.

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. Crown Castle had a negative net margin of 85.54% and a negative return on equity of 619.62%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm earned $1.62 EPS. The company’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. Equities analysts anticipate that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $1.0625 per share. 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 -39.83%.

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.