Crown Castle (NYSE:CCI) Reaches New 1-Year Low – Should You Sell?

Crown Castle Inc. (NYSE:CCI) hit a new 52-week low during trading on Monday . The company traded as low as $74.11 and last traded at $74.7540, with a volume of 294111 shares changing hands. The stock had previously closed at $76.60.

Analysts Set New Price Targets

CCI has been the subject of a number of recent research reports. Wolfe Research cut shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. The Goldman Sachs Group started coverage on shares of Crown Castle in a report on Friday, June 26th. They issued a “neutral” rating and a $95.00 price objective for the company. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $85.00 target price (down from $90.00) on shares of Crown Castle in a report on Monday, March 23rd. Finally, Scotiabank cut their price target on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 7th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, Crown Castle presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.52.

Crown Castle Price Performance

The firm’s fifty day moving average price is $87.18 and its 200-day moving average price is $86.65. The company has a market capitalization of $33.69 billion, a price-to-earnings ratio of 31.90, a P/E/G ratio of 0.38 and a beta of 0.95.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.41 million. During the same quarter in the previous year, the company posted $1.10 EPS. Crown Castle’s quarterly revenue was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, research analysts predict that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $1.0625 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.25 annualized dividend and a dividend yield of 5.5%. Crown Castle’s dividend payout ratio is presently 175.62%.

Hedge Funds Weigh In On Crown Castle

A number of hedge funds have recently bought and sold shares of the company. Wiser Advisor Group LLC bought a new position in shares of Crown Castle in the 3rd quarter worth about $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Crown Castle during the 3rd quarter valued at about $31,000. Triumph Capital Management acquired a new stake in Crown Castle during the third quarter worth approximately $31,000. Hilton Head Capital Partners LLC grew its stake in Crown Castle by 55.6% during the first quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 134 shares during the period. Finally, Global Assets Advisory LLC acquired a new position in Crown Castle in the first quarter valued at approximately $32,000. Institutional investors own 90.77% of the company’s stock.

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.