Analysts Set Crown Castle Inc. (NYSE:CCI) Price Target at $115.76

Shares of Crown Castle Inc. (NYSE:CCI) have been assigned an average rating of “Moderate Buy” from the nineteen ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $114.0625.

A number of analysts have recently commented on the stock. JMP Securities restated a “market outperform” rating and set a $125.00 target price on shares of Crown Castle in a report on Thursday, July 24th. Weiss Ratings restated a “sell (d)” rating on shares of Crown Castle in a report on Wednesday, October 8th. UBS Group boosted their target price on shares of Crown Castle from $124.00 to $127.00 and gave the company a “buy” rating in a report on Friday, July 25th. Citigroup dropped their target price on shares of Crown Castle from $124.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Royal Bank Of Canada set a $112.00 target price on shares of Crown Castle and gave the company an “outperform” rating in a report on Wednesday, October 1st.

Crown Castle Trading Down 0.5%

Shares of Crown Castle stock opened at $97.57 on Thursday. The company’s fifty day simple moving average is $97.40 and its two-hundred day simple moving average is $100.64. The company has a market cap of $42.49 billion, a P/E ratio of -9.14, a PEG ratio of 0.74 and a beta of 0.95. Crown Castle has a 12-month low of $84.20 and a 12-month high of $115.76.

Crown Castle (NYSE:CCI) last announced its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.02. Crown Castle had a negative net margin of 85.54% and a negative return on equity of 619.62%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the business posted $1.62 EPS. The company’s quarterly revenue was down 4.2% on a year-over-year basis. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. Analysts predict that Crown Castle 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 Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $1.0625 dividend. The ex-dividend date was Monday, September 15th. This represents a $4.25 dividend on an annualized basis and a yield of 4.4%. Crown Castle’s payout ratio is presently -39.83%.

Hedge Funds Weigh In On Crown Castle

Hedge funds have recently bought and sold shares of the company. Iron Horse Wealth Management LLC bought a new position in Crown Castle in the 1st quarter worth about $26,000. Centerpoint Advisors LLC bought a new position in Crown Castle in the 1st quarter worth about $26,000. Winnow Wealth LLC bought a new position in Crown Castle in the 2nd quarter worth about $26,000. Stone House Investment Management LLC bought a new position in Crown Castle in the 1st quarter worth about $27,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Crown Castle in the 2nd quarter worth about $27,000. Institutional investors own 90.77% of the company’s stock.

About Crown Castle

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.