Crown Castle Inc. $CCI Shares Sold by Tufton Capital Management

Tufton Capital Management lowered its stake in Crown Castle Inc. (NYSE:CCI) by 3.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 62,761 shares of the real estate investment trust’s stock after selling 2,397 shares during the quarter. Tufton Capital Management’s holdings in Crown Castle were worth $6,447,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in CCI. Iron Horse Wealth Management LLC acquired a new stake in Crown Castle in the 1st quarter valued at $26,000. Centerpoint Advisors LLC acquired a new stake in Crown Castle in the 1st quarter valued at $26,000. Stone House Investment Management LLC acquired a new position in shares of Crown Castle during the first quarter valued at approximately $27,000. Rise Advisors LLC acquired a new position in shares of Crown Castle during the first quarter valued at approximately $28,000. Finally, NewSquare Capital LLC raised its holdings in shares of Crown Castle by 74.5% during the second quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Wells Fargo & Company lowered their target price on shares of Crown Castle from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Monday, October 20th. JPMorgan Chase & Co. lowered their target price on shares of Crown Castle from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Scotiabank lifted their target price on shares of Crown Castle from $109.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Finally, KeyCorp reduced their price target on Crown Castle from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Crown Castle presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.12.

Crown Castle Stock Down 0.8%

NYSE CCI opened at $89.47 on Tuesday. The firm has a market cap of $38.96 billion, a PE ratio of -8.42, a P/E/G ratio of 0.68 and a beta of 0.95. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $115.76. The business’s fifty day simple moving average is $95.85 and its 200-day simple moving average is $100.40.

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

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 4.8%. The ex-dividend date was Monday, September 15th. Crown Castle’s payout ratio is -39.98%.

Insider Transactions at Crown Castle

In related news, EVP Daniel K. Schlanger sold 30,000 shares of the business’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $98.08, for a total value of $2,942,400.00. Following the sale, the executive vice president directly owned 65,571 shares in the company, valued at approximately $6,431,203.68. The trade was a 31.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

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.