Crown Castle Inc. (NYSE:CCI) Receives $98.52 Average PT from Analysts

Crown Castle Inc. (NYSE:CCI) has earned an average recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the firm, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $98.5222.

A number of analysts have recently issued reports on CCI shares. KeyCorp raised their price target on shares of Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Zacks Research upgraded shares of Crown Castle from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. JPMorgan Chase & Co. dropped their target price on shares of Crown Castle from $110.00 to $95.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Wolfe Research downgraded shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th. Finally, HSBC dropped their target price on shares of Crown Castle from $107.00 to $88.40 and set a “hold” rating for the company in a report on Thursday, February 5th.

Institutional Trading of Crown Castle

Several institutional investors have recently added to or reduced their stakes in CCI. LRI Investments LLC acquired a new stake in Crown Castle in the 3rd quarter valued at approximately $29,000. Wiser Advisor Group LLC acquired a new stake in Crown Castle in the 3rd quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Crown Castle in the 3rd quarter valued at approximately $31,000. Triumph Capital Management acquired a new stake in Crown Castle in the 3rd quarter valued at approximately $31,000. Finally, Hilton Head Capital Partners LLC increased its holdings in Crown Castle by 55.6% in the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 134 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Price Performance

Shares of NYSE CCI opened at $89.94 on Friday. The company has a 50 day simple moving average of $86.80 and a 200-day simple moving average of $87.64. The company has a market capitalization of $39.26 billion, a P/E ratio of 37.17, a P/E/G ratio of 0.46 and a beta of 0.93. Crown Castle has a 1 year low of $75.96 and a 1 year high of $115.76.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.42 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, research analysts expect that Crown Castle will post 4.22 EPS for the current year.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 4.7%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is 175.62%.

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.