Callan Family Office LLC Takes $770,000 Position in Crown Castle Inc. $CCI

by · The Markets Daily

Callan Family Office LLC acquired a new stake in shares of Crown Castle Inc. (NYSE:CCI – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 7,491 shares of the real estate investment trust’s stock, valued at approximately $770,000.

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

Analyst Ratings Changes

CCI has been the subject of several recent analyst reports. Scotiabank raised their target price on shares of Crown Castle from $109.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. Barclays raised their target price on shares of Crown Castle from $119.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, September 15th. Royal Bank Of Canada set a $112.00 target price on shares of Crown Castle and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Wells Fargo & Company upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $105.00 to $125.00 in a report on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Crown Castle presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.76.

Check Out Our Latest Research Report on Crown Castle

Crown Castle Stock Performance

Shares of CCI opened at $96.13 on Tuesday. The firm has a market cap of $41.86 billion, a PE ratio of -9.01, a PEG ratio of 0.74 and a beta of 0.95. The firm’s 50 day moving average price is $98.00 and its 200 day moving average price is $100.80. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $115.89.

Crown Castle (NYSE:CCI – Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.02. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Crown Castle had a negative net margin of 85.54% and a negative return on equity of 619.62%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.62 earnings per share. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. On average, sell-side analysts anticipate that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Monday, September 15th. Crown Castle’s dividend payout ratio (DPR) is presently -39.83%.

About Crown Castle

(Free Report)

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.

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