Comprehensive Financial Consultants Institutional Inc. Sells 1,031 Shares of Crown Castle Inc. $CCI

Comprehensive Financial Consultants Institutional Inc. cut its position in shares of Crown Castle Inc. (NYSE:CCI) by 9.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,829 shares of the real estate investment trust’s stock after selling 1,031 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Crown Castle were worth $1,010,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CCI. Merit Financial Group LLC grew its position in Crown Castle by 106.9% in the first quarter. Merit Financial Group LLC now owns 7,487 shares of the real estate investment trust’s stock valued at $780,000 after acquiring an additional 3,868 shares during the period. Pines Wealth Management LLC bought a new stake in Crown Castle in the first quarter valued at $206,000. KMG Fiduciary Partners LLC grew its position in Crown Castle by 11.1% in the first quarter. KMG Fiduciary Partners LLC now owns 20,855 shares of the real estate investment trust’s stock valued at $2,174,000 after acquiring an additional 2,086 shares during the period. OLD National Bancorp IN grew its position in Crown Castle by 4.1% in the first quarter. OLD National Bancorp IN now owns 103,252 shares of the real estate investment trust’s stock valued at $10,762,000 after acquiring an additional 4,111 shares during the period. Finally, Capital Investment Advisors LLC grew its position in Crown Castle by 23.3% in the first quarter. Capital Investment Advisors LLC now owns 104,720 shares of the real estate investment trust’s stock valued at $10,915,000 after acquiring an additional 19,795 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on CCI shares. UBS Group upped their price target on Crown Castle from $124.00 to $127.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Wells Fargo & Company raised Crown Castle from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $105.00 to $125.00 in a research note on Thursday, July 24th. Wall Street Zen raised Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Royal Bank Of Canada set a $112.00 price objective on Crown Castle and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $124.00 price objective (up previously from $122.00) on shares of Crown Castle in a research note on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.76.

Crown Castle Stock Up 0.1%

Shares of CCI opened at $95.57 on Monday. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $115.89. The firm has a market capitalization of $41.62 billion, a PE ratio of -8.96, a price-to-earnings-growth ratio of 0.73 and a beta of 0.95. The stock’s fifty day simple moving average is $99.36 and its 200-day simple moving average is $101.09.

Crown Castle (NYSE:CCI) last released its quarterly earnings data 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. The business 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%.The firm’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 earnings per share. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. Analysts anticipate that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 4.4%. The ex-dividend date 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.