Crown Castle (NYSE:CCI) Hits New 12-Month Low – Should You Sell?

Crown Castle Inc. (NYSE:CCI) hit a new 52-week low on Wednesday. The company traded as low as $66.17 and last traded at $66.3820, with a volume of 151205 shares. The stock had previously closed at $67.07.

Analyst Ratings Changes

Several research firms have recently issued reports on CCI. Barclays reaffirmed an “overweight” rating on shares of Crown Castle in a report on Wednesday. The Goldman Sachs Group assumed coverage on Crown Castle in a research report on Friday, June 26th. They set a “neutral” rating and a $95.00 target price for the company. Royal Bank Of Canada lowered their target price on Crown Castle from $92.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Citigroup reissued a “market outperform” rating on shares of Crown Castle in a report on Friday, July 24th. Finally, Citizens Jmp reduced 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 research report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Crown Castle currently has an average rating of “Moderate Buy” and a consensus price target of $94.37.

Crown Castle Price Performance

The firm has a market capitalization of $28.40 billion, a PE ratio of 33.91, a P/E/G ratio of 0.60 and a beta of 0.95. The company’s fifty day simple moving average is $74.46 and its 200 day simple moving average is $81.47.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.18. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.05 million. During the same quarter last year, the company earned $0.67 earnings per share. The company’s revenue was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. On average, analysts anticipate that Crown Castle Inc. will post 4.38 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Crown Castle’s payout ratio is presently 215.74%.

Insider Buying and Selling

In related news, VP Robert Collins sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $75.89, for a total transaction of $113,835.00. Following the sale, the vice president owned 5,113 shares of the company’s stock, valued at approximately $388,025.57. This represents a 22.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Crown Castle

A number of institutional investors have recently added to or reduced their stakes in the business. Cohen & Steers Inc. raised its holdings in shares of Crown Castle by 11.0% in the 4th quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock valued at $3,536,214,000 after acquiring an additional 3,953,685 shares in the last quarter. BlackRock Inc. purchased a new position in Crown Castle in the 2nd quarter worth approximately $3,326,154,000. State Street Corp raised its position in shares of Crown Castle by 0.9% during the 2nd quarter. State Street Corp now owns 23,023,394 shares of the real estate investment trust’s stock valued at $1,743,562,000 after buying an additional 211,633 shares in the last quarter. Lazard Asset Management LLC increased its stake in Crown Castle by 15.7% in the first quarter. Lazard Asset Management LLC now owns 13,463,182 shares of the real estate investment trust’s stock valued at $1,094,691,000 after acquiring an additional 1,828,065 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Crown Castle by 40.5% during the 4th quarter. Deutsche Bank AG now owns 7,159,803 shares of the real estate investment trust’s stock valued at $636,292,000 after buying an additional 2,065,247 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Company Profile

Crown Castle Inc (NYSE: CCI) is a communications infrastructure company that owns, operates and leases wireless communications assets in the United States. Its infrastructure helps wireless carriers, government agencies and other customers expand network coverage and capacity for voice, data and other wireless services.

The company’s portfolio includes cell towers and fiber-based infrastructure. Crown Castle provides space on its towers for wireless equipment and offers fiber solutions that support small-cell networks, distributed antenna systems and other high-capacity communications applications.