Crown Castle Inc. (NYSE:CCI) Receives Consensus Rating of “Moderate Buy” from Analysts

Crown Castle Inc. (NYSE:CCI – Get Rating) has earned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $159.36.

CCI has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their target price on Crown Castle from $137.00 to $142.00 in a research note on Friday, December 16th. Barclays upped their target price on Crown Castle from $152.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 8th. Truist Financial lowered their target price on Crown Castle from $230.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, January 13th. Cowen upped their target price on Crown Castle from $149.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, January 27th. Finally, Royal Bank of Canada upped their target price on Crown Castle from $150.00 to $162.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 31st.

Hedge Funds Weigh In On Crown Castle

Hedge funds have recently made changes to their positions in the company. Activest Wealth Management raised its holdings in shares of Crown Castle by 847.4% during the third quarter. Activest Wealth Management now owns 180 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 161 shares during the last quarter. Richard W. Paul & Associates LLC acquired a new position in shares of Crown Castle during the fourth quarter valued at approximately $25,000. Almanack Investment Partners LLC. acquired a new position in shares of Crown Castle during the third quarter valued at approximately $28,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of Crown Castle during the fourth quarter valued at approximately $29,000. Finally, Johnson Financial Group Inc. raised its holdings in shares of Crown Castle by 210.8% during the second quarter. Johnson Financial Group Inc. now owns 230 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 156 shares during the last quarter. Institutional investors and hedge funds own 90.27% of the company’s stock.

Crown Castle Stock Down 0.8 %

Crown Castle stock opened at $126.88 on Friday. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.45 and a current ratio of 0.45. The business’s 50-day simple moving average is $140.97 and its two-hundred day simple moving average is $143.24. The company has a market cap of $54.99 billion, a PE ratio of 32.87 and a beta of 0.65. Crown Castle has a fifty-two week low of $121.71 and a fifty-two week high of $199.97.

Crown Castle (NYSE:CCI – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The real estate investment trust reported $0.95 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.83). The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Crown Castle had a net margin of 23.96% and a return on equity of 21.58%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.77 EPS. Equities analysts anticipate that Crown Castle will post 7.26 EPS for the current year.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be issued a dividend of $1.565 per share. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 4.93%. Crown Castle’s payout ratio is currently 162.18%.

Crown Castle Company Profile

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Crown Castle, Inc is a real estate investment trust company, which engages in the provision of access to wireless infrastructure via long-term contacts. It operates through the Towers and Fiber segments. The Towers segment offers access, including space or capacity towers dispersed throughout the United States.