2,728 Shares in Crown Castle Inc. $CCI Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC acquired a new stake in Crown Castle Inc. (NYSE:CCI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,728 shares of the real estate investment trust’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB lifted its stake in shares of Crown Castle by 0.9% in the second 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 in the last quarter. Creative Financial Designs Inc. ADV grew its stake in Crown Castle by 47.8% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 303 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 98 shares in the last quarter. Harbour Investments Inc. raised its holdings in Crown Castle by 18.9% in the 1st quarter. Harbour Investments Inc. now owns 672 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 107 shares during the last quarter. Whittier Trust Co. lifted its stake in Crown Castle by 5.6% in the 2nd quarter. Whittier Trust Co. now owns 2,046 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 109 shares in the last quarter. Finally, NewSquare Capital LLC lifted 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 in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Trading Down 3.0%

Shares of NYSE:CCI opened at $88.51 on Tuesday. The company has a market capitalization of $38.54 billion, a price-to-earnings ratio of -8.33, a PEG ratio of 0.68 and a beta of 0.94. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $115.76. The business has a 50-day moving average price of $93.68 and a 200 day moving average price of $98.64.

Crown Castle (NYSE:CCI) last announced its earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share for the quarter, topping 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 company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm posted $1.84 earnings per share. Crown Castle’s revenue was down 4.3% compared to the same quarter last year. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. As a group, equities research analysts predict that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently commented on CCI. Royal Bank Of Canada set a $112.00 price target on Crown Castle and gave the company an “outperform” rating in a report on Wednesday, October 1st. KeyCorp dropped their target price on Crown Castle from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Crown Castle in a research note on Tuesday, November 25th. JPMorgan Chase & Co. lowered their price target on shares of Crown Castle from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Thursday, October 23rd. Finally, Citigroup cut their price objective on shares of Crown Castle from $124.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $112.00.

Insider Buying and Selling

In other news, EVP Daniel K. Schlanger sold 30,000 shares of the firm’s stock in a transaction on 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 completion of 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 SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

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.