Crown Castle (CCI) Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Crown Castle in the last year. There are currently 2 sell ratings, 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CCI shares.
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17 equities research analysts have issued 1 year target prices for Crown Castle's stock. Their CCI share price forecasts range from $110.00 to $175.00. On average, they predict the company's share price to reach $138.94 in the next twelve months. This suggests a possible upside of 49.6% from the stock's current price.
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Crown Castle's stock was trading at $135.64 at the start of the year. Since then, CCI shares have decreased by 31.5% and is now trading at $92.90.
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Crown Castle saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 4,780,000 shares, a decline of 11.5% from the August 15th total of 5,400,000 shares. Based on an average daily trading volume, of 3,110,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.1% of the shares of the company are short sold.
View Crown Castle's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our CCI earnings forecast.

Crown Castle Inc. (NYSE:CCI) issued its earnings results on Thursday, July, 20th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.79 by $0.74. The real estate investment trust had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. Crown Castle had a net margin of 23.85% and a trailing twelve-month return on equity of 23.20%. Crown Castle's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.80 earnings per share.
Read the conference call transcript.

Crown Castle declared a quarterly dividend on Friday, July 21st. Investors of record on Friday, September 15th will be paid a dividend of $1.565 per share on Friday, September 29th. This represents a $6.26 annualized dividend and a yield of 6.74%. The ex-dividend date is Thursday, September 14th.
Read our dividend analysis for CCI.

ETFs with the largest weight of Crown Castle (NYSE:CCI) stock in their portfolio include Pacer Data & Infrastructure Real Estate ETF (SRVR), SP Funds S&P Global REIT Sharia ETF (SPRE), Global X Data Center REITs & Digital Infrastructure ETF (VPN), Fidelity Real Estate Investment ETF (FPRO), IQ CBRE NextGen Real Estate ETF (ROOF), iShares US Credit Bond ETF (CRED), iShares Cohen & Steers REIT ETF (ICF) and Real Estate Select Sector SPDR Fund (XLRE).

Crown Castle (NYSE:CCI) pays an annual dividend of $6.26 per share and currently has a dividend yield of 6.46%. CCI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 158.88%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CCI will have a dividend payout ratio of 91.39% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CCI.

Crown Castle issued an update on its FY 2023 earnings guidance on Wednesday, July, 19th. The company provided earnings per share guidance of $7.50-$7.58 for the period, compared to the consensus estimate of $7.70. The company issued revenue guidance of -.

205 employees have rated Crown Castle Chief Executive Officer Jay Brown on Glassdoor.com. Jay Brown has an approval rating of 67% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Crown Castle investors own include NVIDIA (NVDA), AT&T (T), QUALCOMM (QCOM), Verizon Communications (VZ), Cisco Systems (CSCO), Intel (INTC), AbbVie (ABBV), Walt Disney (DIS), American Tower (AMT) and Home Depot (HD).

Crown Castle trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCI."

Crown Castle's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (7.30%), State Street Corp (4.82%), Capital International Investors (2.97%), Capital World Investors (2.73%), Cohen & Steers Inc. (2.55%) and Geode Capital Management LLC (2.15%). Insiders that own company stock include Catherine Piche, Christopher Levendos, Daniel K Schlanger, J Landis Martin, James D Young, Kenneth Jay Simon, Kevin A Stephens, Laura B Nichol, Matthew Thornton III, Michael Joseph Kavanagh and Robert Sean Collins.
View institutional ownership trends.

Shares of CCI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CCI stock can currently be purchased for approximately $92.90.

Crown Castle (NYSE:CCI) has a market capitalization of $40.29 billion and generates $6.99 billion in revenue each year. The real estate investment trust earns $1.68 billion in net income (profit) each year or $3.94 on an earnings per share basis.

The company employs 5,000 workers across the globe.

Crown Castle's mailing address is 1220 AUGUSTA DRIVE SUITE 600, HOUSTON TX, 77057. The official website for the company is www.crowncastle.com. The real estate investment trust can be reached via phone at (713) 570-3000, via email at ir@crowncastle.com, or via fax at 713-570-3100.