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

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

Several equities research analysts have weighed in on the company. KeyCorp upped their target price on 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 Crown Castle from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. BMO Capital Markets upped their price objective on Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Sanford C. Bernstein assumed coverage on Crown Castle in a research note on Thursday, March 5th. They set an “outperform” rating and a $102.00 price objective for the company. Finally, Scotiabank decreased their price objective on 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.

Institutional Investors Weigh In On Crown Castle

A number of hedge funds have recently made changes to their positions in CCI. Wiser Advisor Group LLC purchased a new stake in shares of Crown Castle during the 3rd quarter worth $29,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Crown Castle during the 3rd quarter worth $31,000. Triumph Capital Management purchased a new stake in shares of Crown Castle during the 3rd quarter worth $31,000. Hilton Head Capital Partners LLC lifted its stake in shares of Crown Castle by 55.6% during 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 during the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in shares of Crown Castle during the 1st quarter worth $32,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Trading Up 3.8%

Shares of CCI stock opened at $82.58 on Tuesday. Crown Castle has a twelve month low of $75.96 and a twelve month high of $115.76. The stock has a market capitalization of $36.04 billion, a price-to-earnings ratio of 34.12, a P/E/G ratio of 0.42 and a beta of 0.93. The stock has a fifty day simple moving average of $88.61 and a two-hundred day simple moving average of $87.33.

Crown Castle (NYSE:CCI) last issued its 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 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 analysts’ expectations of $995.42 million. During the same period in the prior year, the business earned $1.10 EPS. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Research analysts predict that Crown Castle will post 4.22 EPS for the current fiscal year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio 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.