Crown Castle (NYSE:CCI) Price Target Cut to $90.00 by Analysts at Royal Bank Of Canada

Crown Castle (NYSE:CCI) had its price objective reduced by equities researchers at Royal Bank Of Canada from $92.00 to $90.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 17.94% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group initiated coverage on shares of Crown Castle in a report on Friday, June 26th. They issued a “neutral” rating and a $95.00 price target for the company. Jefferies Financial Group boosted their target price on Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. BMO Capital Markets increased their target price on Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a report on Friday, May 22nd. Finally, Scotiabank reduced their target price on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 7th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.41.

Crown Castle Trading Down 1.5%

Shares of NYSE:CCI traded down $1.19 during midday trading on Thursday, hitting $76.31. The company had a trading volume of 1,871,378 shares, compared to its average volume of 3,628,491. Crown Castle has a 12 month low of $73.75 and a 12 month high of $115.76. The stock has a market cap of $33.31 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 0.39 and a beta of 0.95. The firm has a fifty day simple moving average of $84.87 and a 200 day simple moving average of $85.91.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.55. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.41 million. During the same quarter in the prior year, the company posted $1.10 earnings per share. The firm’s revenue was down 4.9% on a year-over-year basis. Equities analysts forecast that Crown Castle will post 4.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Crown Castle

A number of institutional investors have recently bought and sold shares of the business. United Asset Strategies Inc. increased its holdings in Crown Castle by 2.5% during the 4th quarter. United Asset Strategies Inc. now owns 4,931 shares of the real estate investment trust’s stock worth $438,000 after purchasing an additional 120 shares in the last quarter. Binnacle Investments Inc increased its position in shares of Crown Castle by 10.9% during the third quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 127 shares during the last quarter. Front Row Advisors LLC grew its stake in Crown Castle by 1.4% in the 1st quarter. Front Row Advisors LLC now owns 9,305 shares of the real estate investment trust’s stock valued at $757,000 after purchasing an additional 130 shares during the period. Applied Capital LLC FL increased its position in shares of Crown Castle by 0.9% during the 4th quarter. Applied Capital LLC FL now owns 15,269 shares of the real estate investment trust’s stock valued at $1,357,000 after purchasing an additional 132 shares during the last quarter. Finally, Hilton Head Capital Partners LLC raised its position in Crown Castle by 55.6% in the first quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 134 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

More Crown Castle News

Here are the key news stories impacting Crown Castle this week:

• Positive Sentiment: Crown Castle reported stronger-than-expected second-quarter results, with FFO per share of $1.13 topping estimates and revenue also coming in above Wall Street forecasts. Article Title
• Positive Sentiment: The company raised full-year 2026 EPS guidance to $4.53-$4.65, above the consensus forecast, signaling management confidence in the outlook. Article Title
• Neutral Sentiment: Management’s updated 2026 outlook showed modest improvement in AFFO and net income versus the prior forecast, but site rental revenue guidance was only slightly higher, suggesting a mixed operational picture. Article Title
• Negative Sentiment: Despite the earnings beat, reported EPS of $0.22 missed the consensus estimate, and site rental revenue was down year over year, which may have disappointed investors focused on core operating trends. Article Title

Crown Castle Company Profile

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.