Analysts Set Crown Castle Inc. (NYSE:CCI) PT at $98.52

Crown Castle Inc. (NYSE:CCI) has received a consensus recommendation of “Moderate Buy” from the twenty research firms that are presently covering the firm, MarketBeat.com reports. Twelve research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $98.5222.

CCI has been the topic of several research reports. Sanford C. Bernstein initiated coverage on shares of Crown Castle in a report on Thursday, March 5th. They issued an “outperform” rating and a $102.00 price target on the stock. Jefferies Financial Group upped their price objective on Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a research report on Tuesday, April 14th. Wells Fargo & Company restated an “equal weight” rating and issued a $85.00 price objective (down from $90.00) on shares of Crown Castle in a research report on Monday, March 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Finally, Wolfe Research lowered Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th.

Institutional Investors Weigh In On Crown Castle

Hedge funds have recently bought and sold shares of the stock. Wiser Advisor Group LLC purchased a new stake in Crown Castle in the 3rd quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Crown Castle in the 3rd quarter worth approximately $31,000. Triumph Capital Management purchased a new stake in Crown Castle in the 3rd quarter worth approximately $31,000. Hilton Head Capital Partners LLC boosted its position 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 worth $31,000 after purchasing an additional 134 shares in the last quarter. Finally, Global Assets Advisory LLC purchased a new position in shares of Crown Castle during the 1st quarter valued at approximately $32,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Trading Down 4.8%

Shares of NYSE:CCI opened at $78.65 on Tuesday. Crown Castle has a twelve month low of $75.96 and a twelve month high of $115.76. The company’s 50 day moving average is $88.45 and its 200 day moving average is $87.23. The company has a market cap of $34.33 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 0.42 and a beta of 0.93.

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

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 5.4%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio is currently 175.62%.

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.