Crown Castle Inc. (NYSE:CCI) Stock Has Average Price Target of $94.07

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

A number of brokerages recently commented on CCI. TD Cowen lowered their price objective on shares of Crown Castle from $94.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Barclays upped their target price on Crown Castle from $84.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank Of Canada reduced their price target on Crown Castle from $92.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. The Goldman Sachs Group assumed coverage on Crown Castle in a report on Friday, June 26th. They issued a “neutral” rating and a $95.00 price objective on the stock. Finally, Morgan Stanley set a $85.00 price target on shares of Crown Castle in a report on Monday, September 21st.

Crown Castle Price Performance

Crown Castle stock opened at $66.41 on Thursday. Crown Castle has a fifty-two week low of $65.68 and a fifty-two week high of $100.50. The company has a market cap of $28.25 billion, a P/E ratio of 33.71, a price-to-earnings-growth ratio of 0.60 and a beta of 0.94. The firm’s 50 day simple moving average is $73.90 and its 200-day simple moving average is $81.08.

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

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 6.4%. The ex-dividend date was Tuesday, September 15th. Crown Castle’s payout ratio is 215.74%.

Insider Transactions at Crown Castle

In other Crown Castle news, VP Robert Collins sold 1,500 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $113,835.00. Following the transaction, the vice president owned 5,113 shares in the company, valued at $388,025.57. This trade represents a 22.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.09% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CCI. Pingora Partners LLC bought a new stake in Crown Castle during the 2nd quarter valued at approximately $30,000. Hilton Head Capital Partners LLC raised its position in shares of Crown Castle by 55.6% during the first quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 134 shares during the last quarter. Global Assets Advisory LLC bought a new stake in shares of Crown Castle in the first quarter valued at about $32,000. MV Capital Management Inc. acquired a new stake in Crown Castle during the fourth quarter worth about $34,000. Finally, Anchor Investment Management LLC grew its position in Crown Castle by 242.8% during the second quarter. Anchor Investment Management LLC now owns 473 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 335 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

About Crown Castle

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.