Nisa Investment Advisors LLC Sells 134,831 Shares of Crown Castle Inc. $CCI

Nisa Investment Advisors LLC cut its stake in shares of Crown Castle Inc. (NYSE:CCI) by 56.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,916 shares of the real estate investment trust’s stock after selling 134,831 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Crown Castle were worth $10,123,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Winnow Wealth LLC acquired a new position in shares of Crown Castle in the second quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Crown Castle during the 2nd quarter valued at approximately $27,000. NewSquare Capital LLC raised its holdings in Crown Castle by 74.5% during the 2nd quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 120 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of Crown Castle by 47.8% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 303 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 98 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its position in shares of Crown Castle by 511.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 324 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 271 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Buying and Selling

In other news, EVP Daniel K. Schlanger sold 30,000 shares of the business’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. The trade was a 31.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Crown Castle Trading Down 1.0%

CCI opened at $83.68 on Friday. The company has a fifty day moving average price of $89.19 and a two-hundred day moving average price of $96.20. Crown Castle Inc. has a 1-year low of $83.21 and a 1-year high of $115.76. The company has a market cap of $36.44 billion, a P/E ratio of -7.87, a price-to-earnings-growth ratio of 0.54 and a beta of 0.96.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.08. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Crown Castle had a negative net margin of 95.37% and a negative return on equity of 619.62%. The business’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.84 EPS. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. On average, research analysts forecast that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $1.0625 dividend. The ex-dividend date was Monday, December 15th. This represents a $4.25 annualized dividend and a yield of 5.1%. Crown Castle’s dividend payout ratio is presently -39.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wolfe Research upgraded shares of Crown Castle from a “peer perform” rating to an “outperform” rating and set a $114.00 price objective for the company in a research report on Monday, September 22nd. KeyCorp cut their price target on shares of Crown Castle from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Raymond James Financial decreased their price target on Crown Castle from $124.00 to $120.00 and set a “strong-buy” rating for the company in a report on Thursday, October 23rd. Citigroup lowered their price objective on Crown Castle from $124.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, October 16th. Finally, Royal Bank Of Canada set a $112.00 target price on Crown Castle and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.33.

About Crown Castle

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.