Crown Castle Inc. $CCI Stake Raised by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC increased its holdings in Crown Castle Inc. (NYSE:CCI) by 137.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,054 shares of the real estate investment trust’s stock after purchasing an additional 3,502 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Crown Castle were worth $622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC acquired a new position in Crown Castle during the 1st quarter worth $26,000. Centerpoint Advisors LLC acquired a new stake in Crown Castle in the first quarter worth about $26,000. Stone House Investment Management LLC bought a new position in Crown Castle in the 1st quarter valued at about $27,000. Rise Advisors LLC acquired a new position in Crown Castle during the 1st quarter valued at about $28,000. Finally, WPG Advisers LLC bought a new stake in shares of Crown Castle during the 1st quarter worth about $33,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CCI. BMO Capital Markets decreased their price objective on shares of Crown Castle from $120.00 to $114.00 and set an “outperform” rating for the company in a report on Friday, October 17th. UBS Group lifted 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. Royal Bank Of Canada set a $112.00 price objective on Crown Castle and gave the company an “outperform” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. decreased their target price on Crown Castle from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Barclays boosted their price target on shares of Crown Castle from $119.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, September 15th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Crown Castle currently has an average rating of “Moderate Buy” and a consensus price target of $113.12.

Crown Castle Stock Up 0.3%

Shares of NYSE CCI opened at $98.58 on Friday. The business has a fifty day simple moving average of $97.03 and a 200-day simple moving average of $100.62. The company has a market cap of $42.93 billion, a price-to-earnings ratio of -9.27, 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 $115.76.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.08. Crown Castle had a negative net margin of 95.37% and a negative return on equity of 619.62%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the firm earned $1.84 earnings per share. The business’s quarterly revenue was down 4.3% on a year-over-year basis. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. As a group, sell-side analysts expect that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $1.0625 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.25 dividend on an annualized basis and a yield of 4.3%. Crown Castle’s dividend payout ratio (DPR) is currently -39.98%.

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.