Crown Castle Inc. (NYSE:CCI) Stock Has Consensus Price Target of $94.07 According to Brokerages

Crown Castle Inc. (NYSE:CCI) has been given a consensus rating of “Moderate Buy” by the twenty-one brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $94.07.

A number of equities analysts have issued reports on CCI shares. Barclays increased their price target on Crown Castle from $84.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 30th. TD Cowen cut their price objective on Crown Castle from $94.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. The Goldman Sachs Group initiated coverage on Crown Castle in a research note on Friday, June 26th. They set a “neutral” rating and a $95.00 target price for the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $80.00 target price (down from $85.00) on shares of Crown Castle in a research report on Monday, September 14th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a research note on Wednesday, August 19th.

Insider Activity

In other news, VP Robert Collins sold 1,500 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $75.89, for a total transaction of $113,835.00. Following the completion of the sale, the vice president owned 5,113 shares of the company’s stock, valued at $388,025.57. The trade was a 22.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CCI. Pingora Partners LLC purchased a new stake in Crown Castle during the 2nd quarter worth approximately $30,000. Hilton Head Capital Partners LLC raised its stake in Crown Castle by 55.6% in the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 134 shares during the last quarter. Global Assets Advisory LLC purchased a new position in Crown Castle in the 1st quarter valued at $32,000. MV Capital Management Inc. purchased a new position in Crown Castle in the 4th quarter valued at $34,000. Finally, Anchor Investment Management LLC boosted its stake in Crown Castle by 242.8% during the 2nd quarter. Anchor Investment Management LLC now owns 473 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 335 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Stock Performance

CCI stock opened at $68.92 on Thursday. The firm’s fifty day moving average is $73.41 and its 200 day moving average is $80.66. The firm has a market cap of $29.32 billion, a PE ratio of 34.99, a P/E/G ratio of 0.61 and a beta of 0.94. Crown Castle has a one year low of $65.32 and a one year high of $100.50.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.18. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.05 million. During the same period in the prior year, the company posted $0.67 EPS. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. Research analysts predict that Crown Castle will post 4.38 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Crown Castle’s dividend payout ratio (DPR) is presently 215.74%.

Crown Castle Company Profile

Crown Castle Inc (NYSE: CCI) is a communications infrastructure company that owns, operates and leases wireless communications assets in the United States. Its infrastructure helps wireless carriers, government agencies and other customers expand network coverage and capacity for voice, data and other wireless services.

The company’s portfolio includes cell towers and fiber-based infrastructure. Crown Castle provides space on its towers for wireless equipment and offers fiber solutions that support small-cell networks, distributed antenna systems and other high-capacity communications applications.