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

Crown Castle (NYSE:CCI) had its price objective cut by TD Cowen from $94.00 to $92.00 in a report released on Thursday morning, Marketbeat.com reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other research firms have also issued reports on CCI. Truist Financial assumed coverage on shares of Crown Castle in a research report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 price objective for the company. Royal Bank Of Canada cut their target price on Crown Castle from $92.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday. KeyCorp raised their price target on shares of Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. The Goldman Sachs Group began coverage on shares of Crown Castle in a research note on Friday, June 26th. They set a “neutral” rating and a $95.00 price target on the stock. Finally, BMO Capital Markets lifted their price objective on Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Crown Castle presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.92.

Crown Castle Stock Performance

NYSE:CCI opened at $74.94 on Thursday. Crown Castle has a one year low of $73.75 and a one year high of $113.80. The stock has a 50 day moving average price of $84.38 and a 200 day moving average price of $85.74. The stock has a market cap of $32.71 billion, a PE ratio of 38.04, a P/E/G ratio of 0.38 and a beta of 0.95.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.55. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.41 million. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The company’s revenue was down 4.9% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. As a group, analysts predict that Crown Castle will post 4.39 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $1.0625 dividend. The ex-dividend date was Monday, June 15th. This represents a $4.25 annualized dividend and a yield of 5.7%. Crown Castle’s dividend payout ratio is currently 215.74%.

Institutional Investors Weigh In On Crown Castle

Large investors have recently bought and sold shares of the company. Tema ETFs LLC increased its holdings in Crown Castle by 16.3% in the second quarter. Tema ETFs LLC now owns 9,191 shares of the real estate investment trust’s stock valued at $696,000 after purchasing an additional 1,287 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Crown Castle by 6.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 234,452 shares of the real estate investment trust’s stock worth $17,755,000 after buying an additional 13,205 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Crown Castle by 14.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 3,133 shares of the real estate investment trust’s stock valued at $237,000 after acquiring an additional 404 shares during the period. Everhart Financial Group Inc. boosted its position in Crown Castle by 2.7% during the second quarter. Everhart Financial Group Inc. now owns 5,856 shares of the real estate investment trust’s stock worth $443,000 after purchasing an additional 153 shares during the period. Finally, Czech National Bank grew its holdings in Crown Castle by 4.7% during the 2nd quarter. Czech National Bank now owns 124,231 shares of the real estate investment trust’s stock valued at $9,408,000 after buying an additional 5,630 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Key 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

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.