Corient Private Wealth LLC Has $26.31 Million Holdings in Crown Castle Inc. $CCI

Corient Private Wealth LLC cut its position in shares of Crown Castle Inc. (NYSE:CCI) by 8.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 256,098 shares of the real estate investment trust’s stock after selling 24,228 shares during the quarter. Corient Private Wealth LLC owned 0.06% of Crown Castle worth $26,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCI. American Century Companies Inc. lifted its position in shares of Crown Castle by 36.9% in the 1st quarter. American Century Companies Inc. now owns 198,171 shares of the real estate investment trust’s stock valued at $20,655,000 after acquiring an additional 53,405 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Crown Castle during the 1st quarter valued at $3,635,000. Legacy Financial Advisors Inc. lifted its holdings in shares of Crown Castle by 9.8% in the first quarter. Legacy Financial Advisors Inc. now owns 2,769 shares of the real estate investment trust’s stock valued at $289,000 after purchasing an additional 247 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Crown Castle by 5.4% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,110 shares of the real estate investment trust’s stock valued at $1,054,000 after purchasing an additional 519 shares in the last quarter. Finally, Credit Agricole S A boosted its position in shares of Crown Castle by 0.3% in the first quarter. Credit Agricole S A now owns 158,686 shares of the real estate investment trust’s stock worth $16,540,000 after buying an additional 475 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCI has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Crown Castle in a research report on Monday. Raymond James Financial dropped their target price on Crown Castle from $124.00 to $120.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 23rd. Royal Bank Of Canada set a $112.00 price target on shares of Crown Castle and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Wells Fargo & Company decreased their price target on shares of Crown Castle from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, BMO Capital Markets dropped their price objective on shares of Crown Castle from $114.00 to $107.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 3rd. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $111.35.

Insider Buying and Selling

In other Crown Castle news, EVP Daniel K. Schlanger sold 30,000 shares of the firm’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $98.08, for a total transaction of $2,942,400.00. Following the transaction, the executive vice president directly owned 65,571 shares in the company, valued at $6,431,203.68. This trade represents 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 at the SEC website. 0.10% of the stock is owned by insiders.

Crown Castle Stock Performance

Shares of NYSE CCI opened at $88.25 on Thursday. The business has a 50 day simple moving average of $92.32 and a 200 day simple moving average of $97.70. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $115.76. The stock has a market cap of $38.43 billion, a price-to-earnings ratio of -8.30, a PEG ratio of 0.65 and a beta of 0.94.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.08. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Crown Castle had a negative net margin of 95.37% and a negative return on equity of 619.62%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.84 earnings per share. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. On average, analysts predict that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Dividend Announcement

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

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.