Crown Castle Inc. (NYSE:CCI) Given Consensus Rating of “Moderate Buy” by Brokerages

Crown Castle Inc. (NYSE:CCI) has been assigned a consensus rating of “Moderate Buy” from the twenty-one research firms that are covering the company, MarketBeat reports. Twelve equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $95.1263.

Several equities research analysts recently weighed in on CCI shares. Jefferies Financial Group cut their target price on shares of Crown Castle from $88.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, July 15th. Wall Street Zen raised Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. The Goldman Sachs Group assumed coverage on Crown Castle in a research note on Friday, June 26th. They issued a “neutral” rating and a $95.00 price objective on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Crown Castle in a report on Wednesday, August 19th. Finally, Wolfe Research cut Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, May 20th.

Crown Castle Price Performance

Shares of NYSE CCI opened at $73.67 on Friday. The company has a market capitalization of $31.34 billion, a P/E ratio of 37.39, a P/E/G ratio of 0.67 and a beta of 0.95. The company has a 50 day simple moving average of $76.15 and a 200-day simple moving average of $83.07. Crown Castle has a 1 year low of $69.72 and a 1 year high of $100.50.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.17). The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.05 million. Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, research analysts expect that Crown Castle will post 4.39 EPS for the current year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, September 15th. Crown Castle’s payout ratio is 215.74%.

Insiders Place Their Bets

In other news, VP Robert Collins sold 1,500 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $388,025.57. The trade was a 22.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Crown Castle

A number of institutional investors have recently modified their holdings of the business. Empowered Funds LLC raised its stake in shares of Crown Castle by 7.5% during the 1st quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust’s stock worth $1,714,000 after buying an additional 1,150 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Crown Castle by 6.9% in the second quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust’s stock valued at $9,000,000 after buying an additional 5,630 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Crown Castle by 3.7% during the second quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust’s stock worth $786,000 after acquiring an additional 272 shares during the period. Jump Financial LLC raised its position in Crown Castle by 49.3% in the second quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust’s stock worth $1,121,000 after acquiring an additional 3,603 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in Crown Castle by 5.6% in the second quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust’s stock worth $509,000 after acquiring an additional 261 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Company Profile

Crown Castle Inc (NYSE: CCI) is a communications infrastructure company that owns, operates and leases shared wireless infrastructure in the United States. Its assets support wireless carriers, broadcasters, government agencies and other communications providers by enabling the transmission of voice, data and video services.

The company’s primary infrastructure includes cell towers and other tower sites that host antennas and related equipment. Crown Castle has also developed and operated fiber networks and small-cell systems, which help wireless providers expand network capacity and coverage in densely populated areas and along high-traffic corridors.

Founded in 1994 and headquartered in Houston, Texas, Crown Castle has historically served customers across major U.S.