Crown Castle (NYSE:CCI) Receives Peer Perform Rating from Wolfe Research

Crown Castle (NYSE:CCI)‘s stock had its “peer perform” rating restated by investment analysts at Wolfe Research in a research note issued to investors on Wednesday, MarketBeat Ratings reports.

A number of other equities research analysts have also recently commented on the stock. Weiss Ratings upgraded shares of Crown Castle from a “sell (d)” rating to a “hold (c-)” rating in a report on Tuesday, February 24th. Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday. Scotiabank lowered their target price on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 7th. BMO Capital Markets lifted their target price on Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, HSBC cut their target price on Crown Castle from $107.00 to $88.40 and set a “hold” rating on the stock in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Crown Castle currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.52.

Crown Castle Stock Performance

NYSE CCI opened at $92.39 on Wednesday. The stock has a market cap of $40.32 billion, a PE ratio of 38.18, a PEG ratio of 0.46 and a beta of 0.93. Crown Castle has a fifty-two week low of $75.96 and a fifty-two week high of $115.76. The firm’s fifty day moving average price is $86.03 and its two-hundred day moving average price is $87.58.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.42 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, sell-side analysts predict that Crown Castle will post 4.22 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Edward B. Adams, Jr. sold 4,650 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total transaction of $401,481.00. Following the sale, the executive vice president owned 25,183 shares of the company’s stock, valued at approximately $2,174,300.22. This represents a 15.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert Sean Collins sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $87.49, for a total transaction of $262,470.00. Following the transaction, the vice president directly owned 5,800 shares of the company’s stock, valued at approximately $507,442. This represents a 34.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.09% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Crown Castle

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Choreo LLC raised its position in shares of Crown Castle by 1.1% in the third quarter. Choreo LLC now owns 11,021 shares of the real estate investment trust’s stock worth $1,063,000 after buying an additional 120 shares in the last quarter. United Asset Strategies Inc. raised its position in shares of Crown Castle by 2.5% in the fourth quarter. United Asset Strategies Inc. now owns 4,931 shares of the real estate investment trust’s stock worth $438,000 after buying an additional 120 shares in the last quarter. Consolidated Portfolio Review Corp grew its holdings in shares of Crown Castle by 1.1% during the third quarter. Consolidated Portfolio Review Corp now owns 10,966 shares of the real estate investment trust’s stock worth $1,058,000 after purchasing an additional 123 shares in the last quarter. Binnacle Investments Inc grew its holdings in shares of Crown Castle by 10.9% during the third quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 127 shares in the last quarter. Finally, Bank of Jackson Hole Trust grew its holdings in shares of Crown Castle by 22.1% during the third quarter. Bank of Jackson Hole Trust now owns 713 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Company Profile

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.