Crown Castle Inc. $CCI Stock: Curated Wealth Partners LLC Cuts Position

Curated Wealth Partners LLC lowered its stake in Crown Castle Inc. (NYSE:CCI) by 92.0% during the third quarter, Holdings Channel.com reports. The firm owned 6,319 shares of the real estate investment trust’s stock after selling 73,153 shares during the quarter. Curated Wealth Partners LLC’s holdings in Crown Castle were worth $421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CCI. BlackRock Inc. acquired a new position in shares of Crown Castle during the second quarter worth about $3,326,154,000. State Street Corp raised its holdings in shares of Crown Castle by 0.9% in the 2nd quarter. State Street Corp now owns 23,023,394 shares of the real estate investment trust’s stock valued at $1,743,562,000 after purchasing an additional 211,633 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Crown Castle by 15.7% in the first quarter. Lazard Asset Management LLC now owns 13,463,182 shares of the real estate investment trust’s stock valued at $1,094,691,000 after buying an additional 1,828,065 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Crown Castle by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,325,747 shares of the real estate investment trust’s stock valued at $514,320,000 after buying an additional 144,538 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in Crown Castle in the second quarter valued at $456,897,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citizens Jmp decreased their price target on Crown Castle from $125.00 to $120.00 and set a “market outperform” rating for the company in a report on Friday, July 24th. Truist Financial lowered their price objective on Crown Castle from $95.00 to $87.00 and set a “hold” rating for the company in a research report on Tuesday, July 28th. Morgan Stanley set a $85.00 price objective on Crown Castle in a report on Monday, September 21st. TD Cowen cut their target price on Crown Castle from $94.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Finally, Weiss Ratings lowered Crown Castle from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $94.07.

Crown Castle Trading Up 2.9%

Shares of Crown Castle stock opened at $82.30 on Friday. The company has a fifty day simple moving average of $73.78 and a 200-day simple moving average of $80.61. Crown Castle Inc. has a 12-month low of $65.32 and a 12-month high of $100.50. The stock has a market cap of $35.01 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 0.72 and a beta of 0.94.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.69 EPS for the quarter, topping the consensus estimate of $0.51 by $0.18. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.05 million. During the same period last year, the business earned $0.67 EPS. Crown Castle’s revenue for the quarter was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. On average, analysts forecast that Crown Castle Inc. will post 4.38 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $1.0625 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $4.25 annualized dividend and a dividend yield of 5.2%. Crown Castle’s dividend payout ratio (DPR) is presently 215.74%.

Insider Activity at Crown Castle

In other news, VP Robert Collins sold 1,500 shares of Crown Castle stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $113,835.00. Following the sale, the vice president owned 5,113 shares in the company, valued at approximately $388,025.57. The trade was a 22.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

Crown Castle Company Profile

Crown Castle Inc (NYSE: CCI) is a communications infrastructure company that owns, operates and leases wireless communications assets in the United States. Its infrastructure helps wireless carriers, government agencies and other customers expand network coverage and capacity for voice, data and other wireless services.

The company’s portfolio includes cell towers and fiber-based infrastructure. Crown Castle provides space on its towers for wireless equipment and offers fiber solutions that support small-cell networks, distributed antenna systems and other high-capacity communications applications.