Brookwood Investment Group LLC Has $221,000 Stock Position in Crown Castle Inc. $CCI

Brookwood Investment Group LLC lowered its stake in Crown Castle Inc. (NYSE:CCI) by 49.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,147 shares of the real estate investment trust’s stock after selling 2,089 shares during the quarter. Brookwood Investment Group LLC’s holdings in Crown Castle were worth $221,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Iron Horse Wealth Management LLC acquired a new position in shares of Crown Castle in the 1st quarter valued at $26,000. Centerpoint Advisors LLC acquired a new stake in Crown Castle during the 1st quarter worth $26,000. Stone House Investment Management LLC acquired a new stake in Crown Castle during the 1st quarter worth $27,000. Rise Advisors LLC acquired a new stake in Crown Castle during the 1st quarter worth $28,000. Finally, WPG Advisers LLC acquired a new stake in Crown Castle during the 1st quarter worth $33,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Buying and Selling

In related news, EVP Daniel K. Schlanger sold 30,000 shares of Crown Castle 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 completion of the transaction, the executive vice president owned 65,571 shares in the company, valued at approximately $6,431,203.68. This trade represents a 31.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Crown Castle Price Performance

Shares of NYSE CCI opened at $94.80 on Wednesday. The stock has a market capitalization of $41.28 billion, a price-to-earnings ratio of -8.92, a PEG ratio of 0.72 and a beta of 0.95. The business has a 50-day moving average of $96.82 and a 200-day moving average of $100.66. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $115.76.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company earned $1.84 EPS. Crown Castle’s revenue for the quarter 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. On average, sell-side analysts expect that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $1.0625 per share. The ex-dividend date was 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 presently -39.98%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. KeyCorp dropped their price objective on Crown Castle from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. Royal Bank Of Canada set a $112.00 price objective on Crown Castle and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Raymond James Financial dropped their price objective on Crown Castle from $124.00 to $120.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 23rd. JPMorgan Chase & Co. dropped their price objective on Crown Castle from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Finally, UBS Group raised their price objective on Crown Castle from $124.00 to $127.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.12.

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.