Crown Castle Inc. $CCI Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in shares of Crown Castle Inc. (NYSE:CCI) by 71.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,609 shares of the real estate investment trust’s stock after selling 26,629 shares during the quarter. SG Americas Securities LLC’s holdings in Crown Castle were worth $1,024,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in CCI. Wilmington Savings Fund Society FSB grew its stake in Crown Castle by 0.9% during the 2nd quarter. Wilmington Savings Fund Society FSB now owns 10,274 shares of the real estate investment trust’s stock worth $1,055,000 after buying an additional 93 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of Crown Castle by 47.8% during the second quarter. Creative Financial Designs Inc. ADV now owns 303 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 98 shares during the last quarter. Whittier Trust Co. grew its position in shares of Crown Castle by 5.6% during the second quarter. Whittier Trust Co. now owns 2,046 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 109 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Crown Castle by 24.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 599 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 116 shares during the period. Finally, NewSquare Capital LLC raised its position 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 valued at $29,000 after purchasing an additional 120 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Crown Castle

In other news, EVP Daniel K. Schlanger sold 30,000 shares of the 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 completion of the transaction, the executive vice president owned 65,571 shares in the company, valued at $6,431,203.68. This trade represents a 31.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Crown Castle Trading Up 0.6%

Shares of CCI opened at $90.94 on Monday. The stock’s 50 day moving average is $89.08 and its two-hundred day moving average is $95.68. Crown Castle Inc. has a twelve month low of $83.21 and a twelve month high of $115.76. The firm has a market capitalization of $39.60 billion, a PE ratio of -8.56, a P/E/G ratio of 0.58 and a beta of 0.96.

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, topping analysts’ consensus estimates of $1.04 by $0.08. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 95.37%.The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business posted $1.84 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. On average, sell-side analysts predict that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CCI. Weiss Ratings reissued a “sell (d)” rating on shares of Crown Castle in a research report on Monday, December 29th. BMO Capital Markets lowered their price target on Crown Castle from $107.00 to $97.00 and set an “outperform” rating on the stock in a report on Friday, January 9th. Barclays reaffirmed an “equal weight” rating and set a $101.00 price objective (down from $104.00) on shares of Crown Castle in a research note on Monday, December 1st. New Street Research cut Crown Castle from a “buy” rating to a “neutral” rating and set a $93.00 price objective for the company. in a research report on Monday, January 5th. Finally, Royal Bank Of Canada dropped their target price on Crown Castle from $112.00 to $110.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, 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.