Crown Castle (NYSE:CCI) Sets New 1-Year Low – What’s Next?

Crown Castle Inc. (NYSE:CCI) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $74.11 and last traded at $74.7540, with a volume of 294111 shares traded. The stock had previously closed at $76.60.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CCI. KeyCorp lifted their price target on Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Scotiabank lowered 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. Barclays raised their price objective on shares of Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Wells Fargo & Company reiterated an “equal weight” rating and set a $85.00 target price (down from $90.00) on shares of Crown Castle in a research report on Monday, March 23rd. Finally, Jefferies Financial Group boosted their target price on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $98.52.

Crown Castle Trading Down 3.2%

The firm has a market capitalization of $32.35 billion, a P/E ratio of 30.62, a price-to-earnings-growth ratio of 0.39 and a beta of 0.95. The company has a 50-day moving average of $87.61 and a 200-day moving average of $86.82.

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 analysts’ consensus estimates 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 firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.41 million. During the same quarter in the previous year, the company posted $1.10 EPS. The business’s 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. Research analysts predict that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $1.0625 dividend. The ex-dividend date was Monday, June 15th. This represents a $4.25 annualized dividend and a yield of 5.7%. Crown Castle’s dividend payout ratio is presently 175.62%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CCI. Norges Bank bought a new stake in shares of Crown Castle in the 4th quarter valued at $594,670,000. Lazard Asset Management LLC raised its stake in Crown Castle by 124.2% during 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 buying an additional 6,445,237 shares during the last quarter. Cohen & Steers Inc. lifted its holdings in 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 valued at $3,536,214,000 after buying an additional 3,953,685 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in 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 valued at $431,418,000 after buying an additional 3,824,778 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Crown Castle by 422.5% during the fourth quarter. Principal Financial Group Inc. now owns 3,581,154 shares of the real estate investment trust’s stock valued at $318,258,000 after acquiring an additional 2,895,756 shares during the last quarter. Institutional investors 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.