PDS Planning Inc Acquires 183 Shares of Crown Castle Inc. $CCI

PDS Planning Inc raised its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 6.0% during the second quarter, Holdings Channel.com reports. The fund owned 3,256 shares of the real estate investment trust’s stock after buying an additional 183 shares during the period. PDS Planning Inc’s holdings in Crown Castle were worth $335,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Harbour Investments Inc. raised its holdings in Crown Castle by 18.9% during the first quarter. Harbour Investments Inc. now owns 672 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 107 shares during the period. Abel Hall LLC raised its holdings in Crown Castle by 1.8% during the first quarter. Abel Hall LLC now owns 6,393 shares of the real estate investment trust’s stock valued at $666,000 after acquiring an additional 115 shares during the period. Beacon Capital Management LLC raised its holdings in Crown Castle by 36.6% during the first quarter. Beacon Capital Management LLC now owns 448 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 120 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Crown Castle by 0.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 37,357 shares of the real estate investment trust’s stock valued at $3,894,000 after acquiring an additional 120 shares during the period. Finally, Ancora Advisors LLC raised its holdings in Crown Castle by 1.5% during the first quarter. Ancora Advisors LLC now owns 8,778 shares of the real estate investment trust’s stock valued at $915,000 after acquiring an additional 131 shares during the period. 90.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wolfe Research raised Crown Castle from a “peer perform” rating to an “outperform” rating and set a $114.00 price target on the stock in a report on Monday, September 22nd. JMP Securities restated a “market outperform” rating and set a $125.00 price objective on shares of Crown Castle in a research report on Thursday, July 24th. Wall Street Zen upgraded Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Raymond James Financial restated 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, Scotiabank raised their price objective on Crown Castle from $109.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $115.76.

Crown Castle Trading Up 1.2%

CCI opened at $97.74 on Monday. The firm has a market cap of $42.56 billion, a P/E ratio of -9.16, a P/E/G ratio of 0.74 and a beta of 0.95. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $115.89. The stock has a 50-day moving average of $98.22 and a 200 day moving average of $100.85.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 EPS for the quarter, topping the consensus estimate of $1.00 by $0.02. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates 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 last year, the business posted $1.62 earnings per share. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. On average, research analysts forecast that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $1.0625 dividend. The ex-dividend date was Monday, September 15th. This represents a $4.25 annualized dividend and a yield of 4.3%. Crown Castle’s dividend payout ratio (DPR) is currently -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.