Crown Castle (NYSE:CCI) Price Target Lowered to $92.00 at TD Cowen

Crown Castle (NYSE:CCI) had its target price trimmed by TD Cowen from $94.00 to $92.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

CCI has been the subject of several other research reports. BMO Capital Markets increased their price objective on Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Royal Bank Of Canada reduced their target price on Crown Castle from $92.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday. The Goldman Sachs Group started coverage on Crown Castle in a report on Friday, June 26th. They set a “neutral” rating and a $95.00 target price for the company. Jefferies Financial Group raised their price target on Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a research note on Tuesday, April 14th. Finally, Scotiabank cut their price target on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 7th. Two investment 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.02.

Crown Castle Trading Down 3.7%

Crown Castle stock opened at $74.64 on Thursday. The firm has a market cap of $32.58 billion, a P/E ratio of 37.89, a P/E/G ratio of 0.39 and a beta of 0.95. Crown Castle has a 1-year low of $73.75 and a 1-year high of $115.76. The firm has a 50-day moving average of $84.61 and a 200-day moving average of $85.82.

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. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.41 million. Crown Castle had a negative return on equity of 63.77% and a net margin of 20.71%.Crown Castle’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 EPS. Research analysts forecast that Crown Castle will post 4.22 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC grew its stake in Crown Castle by 7.5% in the first quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust’s stock worth $1,714,000 after purchasing an additional 1,150 shares during the period. First Trust Advisors LP lifted its position in Crown Castle by 6.9% during the second quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust’s stock valued at $9,000,000 after buying an additional 5,630 shares during the period. Baird Financial Group Inc. lifted its position in Crown Castle by 3.7% during the second quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust’s stock valued at $786,000 after buying an additional 272 shares during the period. Jump Financial LLC boosted its holdings in shares of Crown Castle by 49.3% during the 2nd quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust’s stock valued at $1,121,000 after buying an additional 3,603 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Crown Castle by 5.6% during the 2nd quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust’s stock valued at $509,000 after buying an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Key Stories Impacting Crown Castle

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.