Crown Castle (NYSE:CCI) Receives Underweight Rating from JPMorgan Chase & Co.

Crown Castle (NYSE:CCI)‘s stock had its “underweight” rating reiterated by investment analysts at JPMorgan Chase & Co. in a report released on Monday, Benzinga reports. They presently have a $80.00 price target on the real estate investment trust’s stock, down from their prior price target of $85.00. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 5.68% from the company’s previous close.

A number of other research firms have also weighed in on CCI. TD Cowen decreased their target price on shares of Crown Castle from $94.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Citizens Jmp cut 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. Truist Financial reduced their price target on shares of Crown Castle from $95.00 to $87.00 and set a “hold” rating for the company in a research report on Tuesday, July 28th. BMO Capital Markets decreased their price target on shares of Crown Castle from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Finally, The Goldman Sachs Group began coverage on Crown Castle in a research report on Friday, June 26th. They issued a “neutral” rating and a $95.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $94.86.

Crown Castle Stock Up 0.1%

CCI opened at $75.70 on Monday. The company’s 50-day moving average price is $76.13 and its two-hundred day moving average price is $82.99. Crown Castle has a twelve month low of $69.72 and a twelve month high of $100.50. The stock has a market cap of $32.21 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 0.68 and a beta of 0.95.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.17). Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.05 million. During the same period last year, the firm earned $0.67 EPS. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, sell-side analysts anticipate that Crown Castle will post 4.38 earnings per share for the current year.

Insider Transactions at Crown Castle

In other Crown Castle news, VP Robert Collins sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $75.89, for a total value of $113,835.00. Following the completion of the sale, the vice president owned 5,113 shares of the company’s stock, valued at $388,025.57. This represents a 22.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Crown Castle

A number of hedge funds have recently made changes to their positions in CCI. Cooke & Bieler LP grew its stake in shares of Crown Castle by 21.2% during the fourth quarter. Cooke & Bieler LP now owns 2,930,797 shares of the real estate investment trust’s stock valued at $260,460,000 after buying an additional 511,763 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Crown Castle by 7.2% in the 4th quarter. Legal & General Group Plc now owns 6,025,433 shares of the real estate investment trust’s stock valued at $535,480,000 after acquiring an additional 403,943 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Crown Castle by 1.0% during the 4th quarter. Fisher Asset Management LLC now owns 5,506,580 shares of the real estate investment trust’s stock valued at $489,370,000 after acquiring an additional 54,078 shares during the period. Bank of New York Mellon Corp purchased a new stake in Crown Castle during the 2nd quarter valued at about $168,855,000. Finally, Royal Bank of Canada boosted its holdings in Crown Castle by 28.6% during the 1st quarter. Royal Bank of Canada now owns 4,222,008 shares of the real estate investment trust’s stock valued at $343,291,000 after acquiring an additional 938,653 shares during the period. 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 shared wireless infrastructure in the United States. Its assets support wireless carriers, broadcasters, government agencies and other communications providers by enabling the transmission of voice, data and video services.

The company’s primary infrastructure includes cell towers and other tower sites that host antennas and related equipment. Crown Castle has also developed and operated fiber networks and small-cell systems, which help wireless providers expand network capacity and coverage in densely populated areas and along high-traffic corridors.

Founded in 1994 and headquartered in Houston, Texas, Crown Castle has historically served customers across major U.S.