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

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

Several analysts recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Truist Financial assumed coverage on shares of Crown Castle in a report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 target price for the company. Sanford C. Bernstein assumed coverage on shares of Crown Castle in a report on Thursday, March 5th. They issued an “outperform” rating and a $102.00 target price for the company. Wells Fargo & Company reiterated an “equal weight” rating and issued a $85.00 target price (down from $90.00) on shares of Crown Castle in a report on Monday, March 23rd. 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.

Crown Castle Stock Performance

CCI stock opened at $93.79 on Friday. The firm has a market cap of $40.94 billion, a PE ratio of 38.76, a PEG ratio of 0.45 and a beta of 0.93. The firm’s 50 day moving average price is $87.41 and its 200-day moving average price is $87.61. Crown Castle has a one year low of $75.96 and a one year high of $115.76.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, beating the consensus estimate of $0.47 by $0.55. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates 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 for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 EPS. 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 EPS for the current fiscal 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 4.5%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is 175.62%.

Institutional Trading of Crown Castle

Several institutional investors have recently added to or reduced their stakes in CCI. Norges Bank acquired a new stake in Crown Castle in the 4th quarter valued at approximately $594,670,000. Lazard Asset Management LLC grew its stake in shares of Crown Castle by 124.2% in the fourth quarter. Lazard Asset Management LLC now owns 11,635,117 shares of the real estate investment trust’s stock worth $1,034,013,000 after acquiring an additional 6,445,237 shares in the last quarter. Cohen & Steers Inc. grew its stake in shares of Crown Castle by 11.0% in the fourth quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock worth $3,536,214,000 after acquiring an additional 3,953,685 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Crown Castle by 591.8% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,471,120 shares of the real estate investment trust’s stock worth $431,418,000 after acquiring an additional 3,824,778 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Crown Castle by 422.5% in the fourth quarter. Principal Financial Group Inc. now owns 3,581,154 shares of the real estate investment trust’s stock worth $318,258,000 after acquiring an additional 2,895,756 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

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.