Crown Castle (NYSE:CCI) Price Target Raised to $112.00

Crown Castle (NYSE:CCI) had its price objective boosted by Barclays from $111.00 to $112.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price objective indicates a potential upside of 17.35% from the company’s current price.

Several other equities analysts have also recently weighed in on CCI. Royal Bank of Canada lifted their price objective on shares of Crown Castle from $92.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 21st. Scotiabank lowered their price target on shares of Crown Castle from $133.00 to $118.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft lowered their target price on Crown Castle from $110.00 to $109.00 and set a “hold” rating on the stock in a research note on Monday. Argus lowered Crown Castle from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Finally, BMO Capital Markets dropped their price objective on Crown Castle from $110.00 to $105.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $113.29.

Crown Castle Price Performance

Shares of Crown Castle stock opened at $95.44 on Tuesday. Crown Castle has a 52 week low of $84.72 and a 52 week high of $125.41. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 3.73. The company’s 50-day moving average price is $104.22 and its two-hundred day moving average price is $105.33. The stock has a market cap of $41.47 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 2.53 and a beta of 0.73.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.92). Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the company posted $1.91 EPS. Crown Castle’s revenue was down 7.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Crown Castle will post 6.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CCI. Cambridge Investment Research Advisors Inc. raised its stake in Crown Castle by 1.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 70,188 shares of the real estate investment trust’s stock valued at $7,428,000 after purchasing an additional 755 shares during the last quarter. V Square Quantitative Management LLC increased its stake in Crown Castle by 25.2% during the first quarter. V Square Quantitative Management LLC now owns 8,499 shares of the real estate investment trust’s stock valued at $899,000 after acquiring an additional 1,709 shares during the period. Premier Path Wealth Partners LLC raised its holdings in Crown Castle by 6.5% in the 1st quarter. Premier Path Wealth Partners LLC now owns 2,776 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 169 shares in the last quarter. Demars Financial Group LLC lifted its position in shares of Crown Castle by 23.4% in the 1st quarter. Demars Financial Group LLC now owns 5,016 shares of the real estate investment trust’s stock worth $531,000 after acquiring an additional 952 shares during the period. Finally, Simplicity Wealth LLC acquired a new stake in shares of Crown Castle during the 1st quarter worth approximately $837,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Company Profile

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.