Royal Bank Of Canada Cuts Crown Castle (NYSE:CCI) Price Target to $90.00

Crown Castle (NYSE:CCI) had its price objective cut by Royal Bank Of Canada from $92.00 to $90.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other equities analysts have also issued reports on the stock. The Goldman Sachs Group started coverage on shares of Crown Castle in a research report on Friday, June 26th. They set a “neutral” rating and a $95.00 target price on the stock. Wolfe Research cut shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. Finally, KeyCorp upped their target price on shares of Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.92.

Crown Castle Stock Up 0.5%

NYSE:CCI opened at $74.94 on Thursday. The company has a market capitalization 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 has a 52-week low of $73.75 and a 52-week high of $113.80. The stock’s 50 day moving average price is $84.38 and its 200 day moving average price is $85.74.

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, beating analysts’ consensus estimates of $0.47 by $0.55. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.41 million. Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 earnings per share. As a group, sell-side analysts anticipate that Crown Castle will post 4.39 EPS for the current fiscal year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $1.0625 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.25 annualized dividend and a dividend yield of 5.7%. Crown Castle’s dividend payout ratio (DPR) is currently 215.74%.

Hedge Funds Weigh In On Crown Castle

Institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Crown Castle in the fourth quarter valued at about $594,670,000. Lazard Asset Management LLC increased its stake in shares of Crown Castle by 124.2% during the fourth quarter. Lazard Asset Management LLC now owns 11,635,117 shares of the real estate investment trust’s stock worth $1,034,013,000 after acquiring an additional 6,445,237 shares during the period. Cohen & Steers Inc. raised its holdings in Crown Castle by 11.0% during the fourth quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock worth $3,536,214,000 after purchasing an additional 3,953,685 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Crown Castle by 591.8% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,471,120 shares of the real estate investment trust’s stock valued at $431,418,000 after purchasing an additional 3,824,778 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Crown Castle by 422.5% in the fourth quarter. Principal Financial Group Inc. now owns 3,581,154 shares of the real estate investment trust’s stock valued at $318,258,000 after purchasing an additional 2,895,756 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle News Roundup

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.