Crown Castle (NYSE:CCI) Price Target Cut to $98.00 by Analysts at Citigroup

Crown Castle (NYSE:CCI) had its target price trimmed by Citigroup from $106.00 to $98.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

A number of other brokerages have also commented on CCI. TD Cowen reduced their target price on shares of Crown Castle from $94.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday. Raymond James Financial raised their price objective on Crown Castle from $102.00 to $108.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 23rd. Scotiabank decreased their target price on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 7th. KeyCorp upped their target price on Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada dropped their price target on Crown Castle from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.92.

Crown Castle Stock Up 0.5%

CCI stock opened at $74.94 on Friday. Crown Castle has a twelve month low of $73.75 and a twelve month high of $113.80. The firm has a market cap of $32.71 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 0.38 and a beta of 0.95. The business’s fifty day simple moving average is $84.38 and its two-hundred day simple moving average is $85.74.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.41 million. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. Research analysts expect that Crown Castle will post 4.22 EPS for the current year.

Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 Investors Weigh In On Crown Castle

Institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Crown Castle in the 4th quarter valued at about $594,670,000. Lazard Asset Management LLC boosted its holdings in shares of Crown Castle by 124.2% during the fourth quarter. Lazard Asset Management LLC now owns 11,635,117 shares of the real estate investment trust’s stock worth $1,034,013,000 after purchasing an additional 6,445,237 shares during the period. Cohen & Steers Inc. grew its position in Crown Castle by 11.0% during the fourth quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock valued at $3,536,214,000 after purchasing an additional 3,953,685 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Crown Castle by 591.8% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,471,120 shares of the real estate investment trust’s stock valued at $431,418,000 after buying an additional 3,824,778 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Crown Castle by 422.5% during the 4th quarter. Principal Financial Group Inc. now owns 3,581,154 shares of the real estate investment trust’s stock valued at $318,258,000 after buying an additional 2,895,756 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

More Crown Castle News

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

• Positive Sentiment: Crown Castle beat Q2 expectations on key measures, including FFO and revenue, helped by lower interest expense. The company also updated full-year 2026 outlook, which suggests management sees improved operating momentum and progress from asset sales, debt repayment, and land investments. Crown Castle Reports Second Quarter 2026 Results and Updates Outlook for Full Year 2026
• Positive Sentiment: Analysts remain generally constructive despite trimming targets: Citigroup kept a buy rating, Citizens JMP kept market outperform, TD Cowen kept buy, and RBC kept outperform. Even with lower targets, the firms still see meaningful upside from current levels, signaling that expectations for CCI remain relatively favorable. Analyst price target updates
• Neutral Sentiment: Multiple analysts lowered price targets after the earnings release, including Citigroup to $98 from $106, Citizens JMP to $120 from $125, JPMorgan to $85 from $95, TD Cowen to $92 from $94, and RBC to $90 from $92. The cuts reflect a more cautious valuation stance, but not a bearish shift in ratings overall. Analyst price target updates
• Neutral Sentiment: Other coverage highlighted that Q2 results beat estimates even as site-rental revenue was affected by certain items, suggesting the quarter was solid but still showed some business mix or timing pressure. Crown Castle Q2 earnings beat even as site rental revenue impacted by items
• Negative Sentiment: Despite the earnings beat, the stock remains well below its recent highs, and the repeated target cuts may indicate analysts are resetting expectations for slower growth or a lower valuation multiple going forward. Analyst price target updates

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.