Crown Castle Inc. (NYSE:CCI) Receives Consensus Recommendation of “Hold” from Analysts

Crown Castle Inc. (NYSE:CCIGet Free Report) has received a consensus recommendation of “Hold” from the fourteen analysts that are covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $112.64.

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Crown Castle from $110.00 to $109.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. BMO Capital Markets decreased their price target on shares of Crown Castle from $110.00 to $105.00 and set a “market perform” rating on the stock in a research note on Thursday, April 18th. Jefferies Financial Group decreased their price target on shares of Crown Castle from $126.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Royal Bank of Canada decreased their price target on shares of Crown Castle from $109.00 to $100.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 7th. Finally, Barclays raised their price target on shares of Crown Castle from $111.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 23rd.

Check Out Our Latest Stock Report on CCI

Crown Castle Trading Up 2.9 %

NYSE:CCI opened at $102.50 on Monday. Crown Castle has a 52 week low of $84.72 and a 52 week high of $119.50. The firm has a 50 day moving average of $98.93 and a 200 day moving average of $106.38. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 3.73. The stock has a market capitalization of $44.54 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 2.73 and a beta of 0.76.

Crown Castle (NYSE:CCIGet Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.92). Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the company posted $1.91 EPS. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Crown Castle will post 6.58 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $1.565 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.11%. Crown Castle’s payout ratio is 195.63%.

Hedge Funds Weigh In On Crown Castle

Several institutional investors have recently bought and sold shares of the company. Pathway Financial Advisers LLC acquired a new position in shares of Crown Castle during the 1st quarter worth $400,000. Cetera Advisors LLC lifted its holdings in shares of Crown Castle by 161.0% during the 1st quarter. Cetera Advisors LLC now owns 49,930 shares of the real estate investment trust’s stock worth $5,284,000 after acquiring an additional 30,800 shares during the period. Cetera Investment Advisers increased its position in Crown Castle by 143.4% during the 1st quarter. Cetera Investment Advisers now owns 121,654 shares of the real estate investment trust’s stock worth $12,875,000 after purchasing an additional 71,672 shares in the last quarter. Invst LLC acquired a new stake in Crown Castle during the 1st quarter worth approximately $717,000. Finally, PGGM Investments acquired a new stake in Crown Castle during the 1st quarter worth approximately $159,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Company Profile

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Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.

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Analyst Recommendations for Crown Castle (NYSE:CCI)

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