Analysts Set Crown Castle Inc. (NYSE:CCI) Target Price at $116.18

Crown Castle Inc. (NYSE:CCI) has received a consensus recommendation of “Moderate Buy” from the nineteen research firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $115.8235.

Several equities research analysts have issued reports on the stock. Scotiabank upped their target price on shares of Crown Castle from $109.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Royal Bank Of Canada increased their price objective on Crown Castle from $112.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $124.00 target price (up from $122.00) on shares of Crown Castle in a research report on Thursday, July 24th. Barclays raised their price target on Crown Castle from $119.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, September 15th. Finally, Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th.

Crown Castle Stock Performance

Shares of CCI stock opened at $94.09 on Friday. The stock has a 50 day moving average price of $101.02 and a 200 day moving average price of $101.31. Crown Castle has a 52-week low of $84.20 and a 52-week high of $119.56. The firm has a market capitalization of $40.97 billion, a P/E ratio of -8.82, a P/E/G ratio of 0.71 and a beta of 0.92.

Crown Castle (NYSE:CCI) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%.The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the company earned $1.62 earnings per share. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. As a group, sell-side analysts forecast that Crown Castle will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Monday, September 15th. Crown Castle’s dividend payout ratio (DPR) is presently -39.83%.

Institutional Trading of Crown Castle

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC bought a new position in shares of Crown Castle in the 1st quarter worth $26,000. Iron Horse Wealth Management LLC bought a new stake in Crown Castle during the first quarter valued at about $26,000. Centerpoint Advisors LLC purchased a new position in Crown Castle in the first quarter valued at about $26,000. Winnow Wealth LLC bought a new position in Crown Castle in the second quarter worth about $26,000. Finally, Stone House Investment Management LLC bought a new position in Crown Castle in the first quarter worth about $27,000. Institutional investors own 90.77% of the company’s stock.

About Crown Castle

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.