Analysts Set Crown Castle Inc. (NYSE:CCI) Target Price at $95.13

Crown Castle Inc. (NYSE:CCI) has received a consensus rating of “Moderate Buy” from the twenty-one research firms that are presently covering the company, Marketbeat.com reports. Twelve analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $95.1263.

A number of brokerages have recently commented on CCI. Citizens Jmp lowered their price target on shares of Crown Castle from $125.00 to $120.00 and set a “market outperform” rating for the company in a report on Friday, July 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a research note on Wednesday, August 19th. BMO Capital Markets decreased their target price on shares of Crown Castle from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Citigroup reaffirmed a “market outperform” rating on shares of Crown Castle in a research note on Friday, July 24th. Finally, Jefferies Financial Group cut their price target on Crown Castle from $88.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, July 15th.

Crown Castle Stock Up 0.2%

CCI opened at $75.95 on Friday. The firm has a market cap of $32.31 billion, a P/E ratio of 38.55, a PEG ratio of 0.68 and a beta of 0.95. Crown Castle has a 52 week low of $69.72 and a 52 week high of $100.50. The business’s fifty day simple moving average is $76.23 and its 200 day simple moving average is $83.25.

Crown Castle (NYSE:CCI) 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). The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.05 million. Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 EPS. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, equities analysts expect that Crown Castle will post 4.39 EPS for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently announced 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. This represents a $4.25 annualized dividend and a yield of 5.6%. The ex-dividend date is Tuesday, September 15th. Crown Castle’s dividend payout ratio is presently 215.74%.

Insiders Place Their Bets

In related news, VP Robert Collins sold 1,500 shares of the stock in a transaction dated 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 directly owned 5,113 shares in the company, valued at approximately $388,025.57. This represents a 22.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.

Institutional Trading of Crown Castle

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCI. Wiser Advisor Group LLC acquired a new position in Crown Castle during the third quarter worth approximately $29,000. Triumph Capital Management purchased a new position in Crown Castle during the third quarter worth approximately $31,000. Hilton Head Capital Partners LLC boosted its holdings in shares of Crown Castle by 55.6% in 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 purchasing an additional 134 shares during the last quarter. MV Capital Management Inc. acquired a new position in shares of Crown Castle in the 4th quarter valued at $34,000. Finally, Global Assets Advisory LLC purchased a new stake in shares of Crown Castle during the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

About Crown Castle

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.