Cbre Investment Management Listed Real Assets LLC Has $72.90 Million Position in Crown Castle Inc. $CCI

Cbre Investment Management Listed Real Assets LLC lessened its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 5.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 709,609 shares of the real estate investment trust’s stock after selling 41,603 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Crown Castle were worth $72,898,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CCI. Iron Horse Wealth Management LLC bought a new position in Crown Castle in the first quarter valued at approximately $26,000. Centerpoint Advisors LLC acquired a new stake in shares of Crown Castle during the first quarter worth $26,000. Stone House Investment Management LLC acquired a new stake in shares of Crown Castle during the first quarter worth $27,000. Rise Advisors LLC bought a new stake in Crown Castle in the 1st quarter valued at $28,000. Finally, NewSquare Capital LLC boosted its stake in Crown Castle by 74.5% in the 2nd quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 120 shares during the period. 90.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CCI has been the topic of a number of research reports. JMP Securities restated a “market outperform” rating and issued a $125.00 price target on shares of Crown Castle in a report on Thursday, July 24th. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Citigroup cut their price target on shares of Crown Castle from $124.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, October 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Crown Castle in a research note on Thursday, October 30th. Finally, Barclays lifted their target price on Crown Castle from $119.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, September 15th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $113.12.

Crown Castle Price Performance

Shares of CCI opened at $87.76 on Friday. The company has a market cap of $38.21 billion, a PE ratio of -8.26, a price-to-earnings-growth ratio of 0.68 and a beta of 0.94. The firm has a 50-day moving average of $95.22 and a 200-day moving average of $100.14. Crown Castle Inc. has a one year low of $84.20 and a one year high of $115.76.

Crown Castle (NYSE:CCI) last issued its earnings results 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. Crown Castle had a negative net margin of 95.37% and a negative return on equity of 619.62%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business posted $1.84 EPS. Crown Castle’s 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. Analysts expect that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, December 15th. Crown Castle’s payout ratio is currently -39.98%.

Insider Buying and Selling at Crown Castle

In other news, EVP Daniel K. Schlanger sold 30,000 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $98.08, for a total transaction of $2,942,400.00. Following the completion of the sale, the executive vice president owned 65,571 shares in the company, valued at approximately $6,431,203.68. This trade represents a 31.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by insiders.

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.