Crown Castle Inc. (NYSE:CCI) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Crown Castle Inc. has received a consensus rating of "Moderate Buy" from twenty research firms, with a 12-month target price averaging $116.18.
• The company recently announced a quarterly dividend of $1.0625, yielding 4.5%, which will be paid on September 30th.
• Crown Castle reported earnings of $1.02 per share for the last quarter, surpassing estimates and indicating a revenue of $1.06 billion, though down 4.2% from the previous year.

Shares of Crown Castle Inc. (NYSE:CCI - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty research firms that are presently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $116.1765.

CCI has been the subject of several analyst reports. Scotiabank increased their price target on shares of Crown Castle from $109.00 to $114.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Raymond James Financial reissued a "strong-buy" rating and set a $124.00 price target (up previously from $122.00) on shares of Crown Castle in a research report on Thursday, July 24th. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 target price on shares of Crown Castle in a research report on Thursday, July 24th. Barclays raised their target price on shares of Crown Castle from $119.00 to $120.00 and gave the stock an "overweight" rating in a research report on Monday, September 15th. Finally, Wells Fargo & Company raised shares of Crown Castle from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $105.00 to $125.00 in a research report on Thursday, July 24th.

Crown Castle Stock Up 0.7%

Shares of CCI opened at $93.60 on Friday. The stock has a market capitalization of $40.76 billion, a P/E ratio of -8.77, a PEG ratio of 0.71 and a beta of 0.92. The firm has a fifty day simple moving average of $101.75 and a two-hundred day simple moving average of $101.42. Crown Castle has a twelve month low of $84.20 and a twelve month high of $119.56.

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

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, September 15th. Crown Castle's dividend payout ratio (DPR) is currently -39.83%.

Institutional Investors Weigh In On Crown Castle

Several institutional investors and hedge funds have recently modified their holdings of CCI. Tidal Investments LLC increased its stake in shares of Crown Castle by 33.3% in the 4th quarter. Tidal Investments LLC now owns 15,603 shares of the real estate investment trust's stock worth $1,416,000 after acquiring an additional 3,894 shares in the last quarter. Two Sigma Investments LP increased its stake in Crown Castle by 327.1% during the 4th quarter. Two Sigma Investments LP now owns 96,529 shares of the real estate investment trust's stock valued at $8,761,000 after purchasing an additional 73,929 shares in the last quarter. Vident Advisory LLC grew its stake in shares of Crown Castle by 12.6% in the fourth quarter. Vident Advisory LLC now owns 6,500 shares of the real estate investment trust's stock worth $590,000 after acquiring an additional 727 shares during the period. Woodline Partners LP bought a new stake in shares of Crown Castle in the fourth quarter worth approximately $2,773,000. Finally, Voloridge Investment Management LLC bought a new stake in shares of Crown Castle in the fourth quarter worth approximately $5,717,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

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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