Crown Castle Inc. (NYSE:CCI) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Crown Castle has a “Moderate Buy” consensus among 21 analysts, with an average 12-month price target of $95.13 versus a recent price of $75.75.
• The company missed quarterly EPS estimates, reporting $0.22 versus the $0.39 consensus, while revenue rose slightly above expectations but declined 4.9% year over year.
• Crown Castle declared a quarterly dividend of $1.0625, equivalent to $4.25 annually and a 5.6% yield, though its payout ratio remains elevated at 215.74%.

Shares of Crown Castle Inc. (NYSE:CCI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-one analysts that are currently covering the firm, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $95.1263.

Several research firms have issued reports on CCI. Truist Financial dropped their price objective on Crown Castle from $95.00 to $87.00 and set a "hold" rating for the company in a research note on Tuesday, July 28th. Weiss Ratings restated a "hold (c-)" rating on shares of Crown Castle in a research report on Wednesday, August 19th. Wall Street Zen raised shares of Crown Castle from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. Royal Bank Of Canada lowered their target price on Crown Castle from $92.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, July 23rd. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Crown Castle in a report on Friday, July 24th.

Insider Buying and Selling

In other Crown Castle news, VP Robert Collins sold 1,500 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $113,835.00. Following the transaction, the vice president owned 5,113 shares in the company, valued at $388,025.57. This trade represents a 22.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Crown Castle

A number of institutional investors have recently modified their holdings of CCI. Wiser Advisor Group LLC purchased a new position in shares of Crown Castle in the third quarter worth about $29,000. Pingora Partners LLC purchased a new stake in shares of Crown Castle during the 2nd quarter valued at approximately $30,000. 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 valued at $31,000 after buying an additional 134 shares in the last quarter. Triumph Capital Management bought a new position in Crown Castle in the 3rd quarter worth approximately $31,000. Finally, Global Assets Advisory LLC bought a new position in Crown Castle in the 1st quarter worth approximately $32,000. Institutional investors own 90.77% of the company's stock.

Crown Castle Trading Down 2.0%

NYSE CCI opened at $75.75 on Friday. Crown Castle has a 1 year low of $69.72 and a 1 year high of $100.50. The company has a fifty day simple moving average of $76.28 and a 200 day simple moving average of $83.50. The company has a market cap of $32.23 billion, a P/E ratio of 38.45, a P/E/G ratio of 0.68 and a beta of 0.95.

Crown Castle (NYSE:CCI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.17). Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.05 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company's revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. Equities research analysts forecast that Crown Castle will post 4.39 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $1.0625 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $4.25 annualized dividend and a yield of 5.6%. Crown Castle's payout ratio is 215.74%.

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.

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