Crown Castle (NYSE:CCI) Hits New 52-Week Low – Here’s Why

Crown Castle Inc. (NYSE:CCI) hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $65.32 and last traded at $67.5320, with a volume of 3256624 shares traded. The stock had previously closed at $66.44.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. TD Cowen reduced their price target on Crown Castle from $94.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Morgan Stanley set a $85.00 price objective on Crown Castle in a report on Monday, September 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crown Castle in a research report on Wednesday, August 19th. The Goldman Sachs Group initiated coverage on Crown Castle in a research note on Friday, June 26th. They set a “neutral” rating and a $95.00 target price for the company. Finally, Jefferies Financial Group decreased their price target on shares of Crown Castle from $88.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $94.07.

Crown Castle Stock Up 0.9%

The firm has a market capitalization of $29.32 billion, a price-to-earnings ratio of 34.99, a P/E/G ratio of 0.61 and a beta of 0.94. The stock has a 50 day moving average of $73.41 and a 200 day moving average of $80.66.

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

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Crown Castle’s dividend payout ratio is currently 215.74%.

Insider Transactions at Crown Castle

In related news, VP Robert Collins sold 1,500 shares of the firm’s stock in a transaction on 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 $388,025.57. This trade represents a 22.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by company insiders.

Institutional Trading of Crown Castle

Institutional investors and hedge funds have recently modified their holdings of the business. Applied Capital LLC FL lifted its position in shares of Crown Castle by 5.0% in the 3rd quarter. Applied Capital LLC FL now owns 16,228 shares of the real estate investment trust’s stock worth $1,082,000 after buying an additional 769 shares during the last quarter. Moody National Bank Trust Division grew its position in shares of Crown Castle by 49.9% during the 3rd quarter. Moody National Bank Trust Division now owns 8,739 shares of the real estate investment trust’s stock valued at $582,000 after buying an additional 2,910 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Crown Castle by 7.4% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 15,333 shares of the real estate investment trust’s stock valued at $1,022,000 after buying an additional 1,055 shares during the last quarter. CX Institutional raised its stake in Crown Castle by 106.3% during the third quarter. CX Institutional now owns 819 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 422 shares during the period. Finally, QRG Capital Management Inc. raised its stake in Crown Castle by 19.4% during the second quarter. QRG Capital Management Inc. now owns 36,989 shares of the real estate investment trust’s stock worth $2,801,000 after acquiring an additional 6,020 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

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.