Crown Castle Inc. $CCI Stock Position Lowered by Belpointe Asset Management LLC

Belpointe Asset Management LLC cut its stake in shares of Crown Castle Inc. (NYSE:CCI) by 90.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,012 shares of the real estate investment trust’s stock after selling 18,755 shares during the quarter. Belpointe Asset Management LLC’s holdings in Crown Castle were worth $210,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CCI. Janus Henderson Group PLC raised its position in Crown Castle by 3.8% during the fourth quarter. Janus Henderson Group PLC now owns 64,672 shares of the real estate investment trust’s stock valued at $5,869,000 after buying an additional 2,396 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of Crown Castle in the fourth quarter valued at approximately $280,000. Man Group plc grew its position in Crown Castle by 423.1% in the 4th quarter. Man Group plc now owns 53,271 shares of the real estate investment trust’s stock worth $4,835,000 after purchasing an additional 43,087 shares during the last quarter. Quantinno Capital Management LP boosted its stake in Crown Castle by 131.7% during the fourth quarter. Quantinno Capital Management LP now owns 27,505 shares of the real estate investment trust’s stock worth $2,496,000 after buying an additional 15,633 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in Crown Castle in the fourth quarter valued at about $170,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Trading Down 1.9%

Shares of NYSE:CCI opened at $93.58 on Tuesday. The company has a 50 day moving average of $102.51 and a 200 day moving average of $101.50. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92. The stock has a market cap of $40.75 billion, a P/E ratio of -8.77, a P/E/G ratio of 0.72 and a beta of 0.92.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.02. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%.The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the firm earned $1.62 earnings per share. Crown Castle’s revenue for the quarter was down 4.2% on a year-over-year basis. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. On average, equities analysts forecast that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.0625 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.25 dividend on an annualized basis and a yield of 4.5%. Crown Castle’s dividend payout ratio (DPR) is currently -39.83%.

Analysts Set New Price Targets

A number of research analysts have issued reports on CCI shares. JMP Securities reissued a “market outperform” rating and set a $125.00 price objective on shares of Crown Castle in a report on Thursday, July 24th. JPMorgan Chase & Co. increased their price objective on Crown Castle from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. BMO Capital Markets upgraded shares of Crown Castle from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $115.00 to $120.00 in a report on Tuesday, August 19th. Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Wells Fargo & Company upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $105.00 to $125.00 in a report on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $116.47.

About Crown Castle

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.