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

Key Points

• Crown Castle Inc. has received a consensus rating of "Moderate Buy" from analysts, with target prices ranging from $109 to $120 and a 12-month average price target of $116.41.
• The company reported $1.02 EPS for the last quarter, exceeding expectations, despite a 4.2% revenue decline compared to the previous year.
• Crown Castle will pay a quarterly dividend of $1.0625 per share, with a current annualized dividend yield of 4.2%.

Crown Castle Inc. (NYSE:CCI - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty analysts that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $116.4118.

CCI has been the topic of several research reports. Scotiabank upped their target price on Crown Castle from $109.00 to $114.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Bank of America initiated coverage on Crown Castle in a report on Monday, May 19th. They issued a "buy" rating and a $115.00 target price on the stock. New Street Research raised Crown Castle from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. upped their target price on Crown Castle from $115.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, BMO Capital Markets raised Crown Castle from a "market perform" rating to an "outperform" rating and upped their target price for the company from $115.00 to $120.00 in a report on Tuesday, August 19th.

Institutional Trading of Crown Castle

Large investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB increased its holdings in shares of Crown Castle by 0.9% in the 2nd quarter. Wilmington Savings Fund Society FSB now owns 10,274 shares of the real estate investment trust's stock valued at $1,055,000 after acquiring an additional 93 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of Crown Castle by 47.8% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 303 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 98 shares during the last quarter. CHICAGO TRUST Co NA increased its holdings in shares of Crown Castle by 3.0% in the 1st quarter. CHICAGO TRUST Co NA now owns 3,532 shares of the real estate investment trust's stock valued at $368,000 after acquiring an additional 104 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of Crown Castle by 18.9% in the 1st quarter. Harbour Investments Inc. now owns 672 shares of the real estate investment trust's stock valued at $70,000 after acquiring an additional 107 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in shares of Crown Castle by 5.6% in the 2nd quarter. Whittier Trust Co. now owns 2,046 shares of the real estate investment trust's stock valued at $210,000 after acquiring an additional 109 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company's stock.

Crown Castle Price Performance

Crown Castle stock opened at $101.49 on Wednesday. Crown Castle has a 12 month low of $84.20 and a 12 month high of $120.92. The business has a 50 day simple moving average of $104.00 and a 200-day simple moving average of $100.90. The stock has a market capitalization of $44.19 billion, a PE ratio of -9.51, a price-to-earnings-growth ratio of 0.78 and a beta of 0.89.

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, topping 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 return on equity of 619.62% and a negative net margin of 85.54%.The company's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.62 earnings per share. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. As a group, equities research analysts anticipate that Crown Castle will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $1.0625 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.2%. 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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