Crown Castle Inc. $CCI Shares Acquired by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lifted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 2.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 464,425 shares of the real estate investment trust’s stock after buying an additional 12,328 shares during the quarter. Crown Castle makes up approximately 1.4% of Anchor Capital Advisors LLC’s portfolio, making the stock its 19th biggest position. Anchor Capital Advisors LLC owned 0.11% of Crown Castle worth $47,710,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CCI. Iron Horse Wealth Management LLC acquired a new position in shares of Crown Castle during the first quarter worth about $26,000. Centerpoint Advisors LLC acquired a new position in Crown Castle in the first quarter valued at approximately $26,000. Stone House Investment Management LLC acquired a new position in Crown Castle in the first quarter valued at approximately $27,000. Rise Advisors LLC acquired a new position in Crown Castle in the first quarter valued at approximately $28,000. Finally, NewSquare Capital LLC boosted its holdings in Crown Castle by 74.5% in the second 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 in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Crown Castle

In other news, EVP Daniel K. Schlanger sold 30,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president owned 65,571 shares in the company, valued at $6,431,203.68. This represents a 31.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by company insiders.

Crown Castle Trading Down 0.6%

Shares of NYSE CCI opened at $89.81 on Thursday. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $115.76. The stock has a 50 day moving average of $95.42 and a two-hundred day moving average of $100.23. The stock has a market cap of $39.11 billion, a P/E ratio of -8.45, a P/E/G ratio of 0.68 and a beta of 0.94.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share for the quarter, beating 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 company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business earned $1.84 earnings per share. The firm’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. As a group, research analysts predict that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CCI shares. KeyCorp lowered their price target on Crown Castle from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. The Goldman Sachs Group upped their price target on Crown Castle from $115.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Wolfe Research raised Crown Castle from a “peer perform” rating to an “outperform” rating and set a $114.00 price target for the company in a report on Monday, September 22nd. Wells Fargo & Company lowered their price target on Crown Castle from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Finally, Citigroup lowered their price target on Crown Castle from $124.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.