Lyell Wealth Management LP Sells 2,393 Shares of Crown Castle Inc. $CCI

Lyell Wealth Management LP decreased its stake in Crown Castle Inc. (NYSE:CCI) by 11.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,298 shares of the real estate investment trust’s stock after selling 2,393 shares during the period. Lyell Wealth Management LP’s holdings in Crown Castle were worth $1,880,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Iron Horse Wealth Management LLC bought a new position in shares of Crown Castle during the first quarter valued at $26,000. Centerpoint Advisors LLC bought a new position in shares of Crown Castle during the first quarter valued at $26,000. Stone House Investment Management LLC bought a new position in shares of Crown Castle during the first quarter valued at $27,000. Rise Advisors LLC bought a new position in shares of Crown Castle during the first quarter valued at $28,000. Finally, WPG Advisers LLC bought a new position in shares of Crown Castle during the first quarter valued at $33,000. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Down 0.5%

CCI opened at $97.57 on Monday. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $115.76. The company has a fifty day moving average of $97.40 and a 200-day moving average of $100.59. The stock has a market cap of $42.49 billion, a PE ratio of -9.14, a price-to-earnings-growth ratio of 0.74 and a beta of 0.95.

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

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Monday, September 15th. Crown Castle’s dividend payout ratio (DPR) is presently -39.83%.

Analyst Ratings Changes

CCI has been the subject of several analyst reports. Scotiabank raised their price target on shares of Crown Castle from $109.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, July 25th. KeyCorp dropped their price target on shares of Crown Castle from $125.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. BMO Capital Markets dropped their price target on shares of Crown Castle from $120.00 to $114.00 and set an “outperform” rating for the company in a research note on Friday. Barclays raised their price target on shares of Crown Castle from $119.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, September 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Crown Castle in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $114.06.

Crown Castle Company Profile

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.