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

Shares of Crown Castle Inc. (NYSE:CCI) have been assigned an average rating of “Moderate Buy” from the twenty research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, nine have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $111.3529.

CCI has been the subject of a number of research reports. Royal Bank Of Canada set a $112.00 price objective on Crown Castle and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Crown Castle in a research report on Monday, December 22nd. Citigroup lowered their price target on shares of Crown Castle from $124.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, October 16th. Wells Fargo & Company dropped their price objective on shares of Crown Castle from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 16th. Finally, KeyCorp dropped their price target on Crown Castle from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th.

Insider Buying and Selling at Crown Castle

In other news, EVP Daniel K. Schlanger sold 30,000 shares of Crown Castle stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $98.08, for a total value of $2,942,400.00. Following the completion of the transaction, the executive vice president owned 65,571 shares of the company’s stock, valued at $6,431,203.68. The trade was a 31.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Crown Castle by 10.2% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,552 shares of the real estate investment trust’s stock valued at $5,707,000 after purchasing an additional 5,144 shares during the period. Country Club Bank boosted its stake in shares of Crown Castle by 20.1% during the third quarter. Country Club Bank now owns 70,778 shares of the real estate investment trust’s stock valued at $6,808,000 after purchasing an additional 11,851 shares in the last quarter. Goldstone Financial Group LLC increased its holdings in Crown Castle by 43.0% during the second quarter. Goldstone Financial Group LLC now owns 8,910 shares of the real estate investment trust’s stock valued at $917,000 after buying an additional 2,679 shares during the period. Dark Forest Capital Management LP raised its stake in Crown Castle by 36.3% in the first quarter. Dark Forest Capital Management LP now owns 45,309 shares of the real estate investment trust’s stock worth $4,723,000 after buying an additional 12,063 shares in the last quarter. Finally, OLD Mission Capital LLC purchased a new stake in Crown Castle during the first quarter worth $408,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Price Performance

Shares of NYSE CCI opened at $88.60 on Tuesday. Crown Castle has a 1 year low of $84.20 and a 1 year high of $115.76. The stock has a market capitalization of $38.58 billion, a P/E ratio of -8.33, a P/E/G ratio of 0.65 and a beta of 0.94. The company’s 50-day moving average is $90.69 and its 200 day moving average is $96.99.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.08. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 95.37%.The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm posted $1.84 EPS. The business’s revenue was down 4.3% on a year-over-year basis. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. Research analysts anticipate that Crown Castle will post 6.67 earnings per share for the current year.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Monday, December 15th. Crown Castle’s payout ratio is -39.98%.

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.