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

Key Points

• Crown Castle Inc. (NYSE:CCI) received an average recommendation of "Moderate Buy" from analysts, with one sell, five holds, eleven buys, and three strong buys among the twenty analysts covering the stock.
• The company reported a quarterly EPS of $1.02, beating estimates, but experienced a revenue decline of 4.2% year-over-year, with revenue totaling $1.06 billion.
• Crown Castle has declared a quarterly dividend of $1.0625, yielding 4.3%, and maintains a negative dividend payout ratio of -39.83%.

Crown Castle Inc. (NYSE:CCI - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, eleven have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $115.7647.

CCI has been the subject of a number of analyst reports. Scotiabank upped their price objective on shares of Crown Castle from $109.00 to $114.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Raymond James Financial reissued a "strong-buy" rating and issued a $124.00 price objective (up from $122.00) on shares of Crown Castle in a research note on Thursday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Crown Castle from $115.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. KeyCorp reduced their target price on shares of Crown Castle from $125.00 to $120.00 and set an "overweight" rating on the stock in a report on Wednesday, September 17th. Finally, JMP Securities reiterated a "market outperform" rating and set a $125.00 price objective on shares of Crown Castle in a report on Thursday, July 24th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CCI. Iron Horse Wealth Management LLC acquired a new stake in Crown Castle in the first quarter valued at approximately $26,000. Centerpoint Advisors LLC acquired a new stake in Crown Castle in the first quarter valued at approximately $26,000. Winnow Wealth LLC acquired a new stake in shares of Crown Castle during the second quarter worth approximately $26,000. Stone House Investment Management LLC acquired a new stake in shares of Crown Castle during the first quarter worth approximately $27,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Crown Castle during the second quarter worth approximately $27,000. Hedge funds and other institutional investors own 90.77% of the company's stock.

Crown Castle Price Performance

CCI stock opened at $98.13 on Thursday. The company has a fifty day moving average price of $97.70 and a 200 day moving average price of $100.75. Crown Castle has a 12 month low of $84.20 and a 12 month high of $115.89. The company has a market cap of $42.73 billion, a price-to-earnings ratio of -9.20, a price-to-earnings-growth ratio of 0.74 and a beta of 0.95.

Crown Castle (NYSE:CCI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 EPS for the quarter, beating the consensus estimate of $1.00 by $0.02. Crown Castle had a negative net margin of 85.54% and a negative return on equity of 619.62%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. Crown Castle's revenue for the quarter was down 4.2% on a year-over-year basis. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. As a group, analysts anticipate that Crown Castle will post 6.67 earnings per share for the current year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $1.0625 dividend. The ex-dividend date was Monday, September 15th. This represents a $4.25 annualized dividend and a yield of 4.3%. Crown Castle's dividend payout ratio (DPR) is presently -39.83%.

Crown Castle Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them.

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