Crown Castle (NYSE:CCI) Price Target Cut to $90.00 by Analysts at Royal Bank Of Canada

Crown Castle (NYSE:CCI) had its target price cut by Royal Bank Of Canada from $92.00 to $90.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other research analysts have also weighed in on CCI. BMO Capital Markets raised their price objective on Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Barclays boosted their target price on Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. KeyCorp increased their price target on Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Truist Financial began coverage on Crown Castle in a report on Tuesday, March 31st. They set a “hold” rating and a $90.00 price target for the company. Finally, Scotiabank reduced their price objective on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 7th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.02.

Crown Castle Stock Performance

CCI opened at $74.64 on Thursday. The stock has a market capitalization of $32.58 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 0.39 and a beta of 0.95. The company has a fifty day moving average of $84.61 and a 200 day moving average of $85.82. Crown Castle has a fifty-two week low of $73.75 and a fifty-two week high of $115.76.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.55. Crown Castle had a net margin of 20.71% and a negative return on equity of 63.77%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.41 million. During the same period in the previous year, the firm posted $1.10 EPS. Crown Castle’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Crown Castle will post 4.22 earnings per share for the current year.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Monday, June 15th. Crown Castle’s dividend payout ratio is currently 175.62%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Crown Castle by 9.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 672,933 shares of the real estate investment trust’s stock valued at $60,086,000 after buying an additional 60,497 shares during the period. Cooke & Bieler LP increased its position 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 worth $260,460,000 after acquiring an additional 511,763 shares during the period. Aberdeen Group plc increased its position in shares of Crown Castle by 13.9% during the fourth quarter. Aberdeen Group plc now owns 1,052,667 shares of the real estate investment trust’s stock worth $93,551,000 after acquiring an additional 128,212 shares during the period. Skylands Capital LLC raised its stake in shares of Crown Castle by 6.2% during the fourth quarter. Skylands Capital LLC now owns 262,050 shares of the real estate investment trust’s stock valued at $23,288,000 after acquiring an additional 15,300 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Crown Castle by 1.0% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle News Roundup

Here are the key news stories impacting Crown Castle this week:

• Positive Sentiment: Crown Castle reported Q2 FFO/AFFO above estimates, helped by lower interest expense, and raised its full-year 2026 outlook, which suggests improved profitability and better-than-expected operating trends. Crown Castle Q2 AFFO Beats Estimates on Lower Interest Expense
• Positive Sentiment: Analysts still see upside from current levels despite trimming targets, with TD Cowen maintaining a buy rating and RBC keeping an outperform rating. Analyst price target updates
• Neutral Sentiment: The company’s Q2 revenue beat estimates, but site rental revenue was affected by one-time items and the quarter was described as mixed overall, leaving investors to weigh better guidance against some underlying softness. Crown Castle Reports Second Quarter 2026 Results and Updates Outlook for Full Year 2026
• Negative Sentiment: Crown Castle posted adjusted EPS below consensus in the reported quarter, and JPMorgan lowered its price target to $85 while keeping a neutral rating, reflecting more cautious expectations for the stock. JPMorgan price target cut
• Negative Sentiment: TD Cowen, RBC, and JPMorgan all cut their price targets on the name, which can reinforce concerns that the stock’s recent rally may have run ahead of near-term fundamentals. Multiple analyst target cuts

About Crown Castle

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.