Crown Castle (NYSE:CCI) Reaches New 1-Year Low – Here’s Why

Crown Castle Inc. (NYSE:CCI)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $75.39 and last traded at $75.7670, with a volume of 1436980 shares changing hands. The stock had previously closed at $78.63.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Jefferies Financial Group raised their target price on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a research report on Tuesday, April 14th. Scotiabank reduced their price target on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. Wells Fargo & Company restated an “equal weight” rating and issued a $85.00 price objective (down from $90.00) on shares of Crown Castle in a report on Monday, March 23rd. Finally, The Goldman Sachs Group began coverage on Crown Castle in a research report on Friday. They set a “neutral” rating and a $95.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $98.52.

Crown Castle Price Performance

The firm has a market cap of $33.44 billion, a PE ratio of 31.63, a price-to-earnings-growth ratio of 0.42 and a beta of 0.93. The firm has a 50-day simple moving average of $88.45 and a 200 day simple moving average of $87.23.

Crown Castle (NYSE:CCI) last released its earnings results 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 net margin of 25.13% and a negative return on equity of 64.64%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.41 million. During the same period in the prior year, the firm earned $1.10 EPS. The company’s 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. Sell-side analysts forecast that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is presently 175.62%.

Institutional Trading of Crown Castle

A number of hedge funds have recently made changes to their positions in the stock. DV Trading LLC purchased a new position in Crown Castle during the first quarter valued at $244,000. Montchanin Asset Management LLC purchased a new stake in shares of Crown Castle in the first quarter worth $324,000. Front Row Advisors LLC grew its stake in shares of Crown Castle by 1.4% in the first quarter. Front Row Advisors LLC now owns 9,305 shares of the real estate investment trust’s stock worth $757,000 after acquiring an additional 130 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of Crown Castle during the first quarter valued at $80,000. Finally, Orographic Financial Advisors LLC purchased a new position in shares of Crown Castle in the 1st quarter worth about $1,510,000. 90.77% of the stock is owned by institutional investors.

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.