Crown Castle (NYSE:CCI) Sets New 1-Year Low – Should You Sell?

Crown Castle Inc. (NYSE:CCI)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $75.39 and last traded at $75.7670, with a volume of 1436980 shares traded. The stock had previously closed at $78.63.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Sanford C. Bernstein began coverage on Crown Castle in a research report on Thursday, March 5th. They set an “outperform” rating and a $102.00 price target on the stock. Wolfe Research lowered Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th. KeyCorp boosted their price objective on Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Zacks Research upgraded Crown Castle from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, BMO Capital Markets upped their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, Crown Castle currently has a consensus rating of “Moderate Buy” and an average price target of $98.52.

Crown Castle Stock Up 1.6%

The firm has a 50-day simple moving average of $87.97 and a 200-day simple moving average of $87.02. The stock has a market cap of $33.94 billion, a PE ratio of 32.24, a P/E/G ratio of 0.38 and a beta of 0.95.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating 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 company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.41 million. During the same period in the previous year, the business earned $1.10 earnings per share. The firm’s quarterly revenue 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. On average, research analysts expect that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Monday, June 15th. Crown Castle’s payout ratio is presently 175.62%.

Hedge Funds Weigh In On Crown Castle

A number of large investors have recently modified their holdings of the company. Wiser Advisor Group LLC bought a new stake in Crown Castle during the 3rd quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp bought a new position in Crown Castle in the 3rd quarter valued at $31,000. Triumph Capital Management purchased a new position in shares of Crown Castle during the 3rd quarter valued at $31,000. Hilton Head Capital Partners LLC grew its position 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 valued at $31,000 after purchasing an additional 134 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new position in shares of Crown Castle in the first quarter worth $32,000. 90.77% of the stock is currently owned by institutional investors.

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.