Crown Castle Inc. $CCI Shares Sold by LDR Capital Management LLC

LDR Capital Management LLC decreased its holdings in Crown Castle Inc. (NYSE:CCI) by 34.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,285 shares of the real estate investment trust’s stock after selling 5,989 shares during the period. Crown Castle makes up approximately 1.6% of LDR Capital Management LLC’s investment portfolio, making the stock its 20th largest position. LDR Capital Management LLC’s holdings in Crown Castle were worth $1,089,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of Crown Castle in the third quarter valued at approximately $84,000. Arkadios Wealth Advisors grew its holdings in Crown Castle by 22.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 28,203 shares of the real estate investment trust’s stock valued at $2,721,000 after buying an additional 5,098 shares in the last quarter. Allstate Corp acquired a new stake in shares of Crown Castle in the 3rd quarter worth $1,653,000. Tred Avon Family Wealth LLC purchased a new position in shares of Crown Castle during the 3rd quarter worth $329,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Crown Castle during the 3rd quarter valued at about $44,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Crown Castle

In related news, EVP Daniel K. Schlanger sold 30,000 shares of Crown Castle stock in a transaction that occurred on Friday, October 24th. The stock was 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 $6,431,203.68. The trade was a 31.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company’s stock.

Crown Castle Price Performance

Shares of CCI opened at $90.28 on Tuesday. Crown Castle Inc. has a 1-year low of $83.21 and a 1-year high of $115.76. The stock has a market cap of $39.31 billion, a PE ratio of -8.49, a price-to-earnings-growth ratio of 0.58 and a beta of 0.96. The firm has a fifty day moving average price of $89.06 and a 200 day moving average price of $95.59.

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 for the quarter, beating analysts’ consensus estimates of $1.04 by $0.08. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 95.37%.The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.84 earnings per share. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. As a group, equities analysts expect that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Monday, December 15th. Crown Castle’s payout ratio is currently -39.98%.

Analyst Ratings Changes

CCI has been the topic of a number of recent analyst reports. Citigroup decreased their price objective on Crown Castle from $124.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, October 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Crown Castle in a research note on Monday, December 29th. Royal Bank Of Canada lowered their price target on Crown Castle from $112.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Wolfe Research upgraded shares of Crown Castle from a “peer perform” rating to an “outperform” rating and set a $114.00 price objective on the stock in a report on Monday, September 22nd. Finally, Barclays reaffirmed an “equal weight” rating and issued a $101.00 target price (down previously from $104.00) on shares of Crown Castle in a research report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $108.39.

About Crown Castle

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.