Crown Castle Inc. (NYSE:CCI) Receives Consensus Rating of "Hold" from Analysts

Crown Castle Inc. (NYSE:CCI - Get Free Report) has been given an average recommendation of "Hold" by the seventeen brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $108.75.

Several analysts have weighed in on CCI shares. Barclays raised Crown Castle from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $117.00 to $104.00 in a report on Monday, January 13th. Wells Fargo & Company dropped their target price on Crown Castle from $100.00 to $85.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Citigroup lowered their price objective on Crown Castle from $128.00 to $106.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Scotiabank lowered their price objective on Crown Castle from $118.00 to $102.00 and set a "sector perform" rating for the company in a research note on Thursday, January 23rd. Finally, Moffett Nathanson decreased their target price on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd.

Crown Castle Trading Up 0.6 %

Shares of CCI traded up $0.58 during midday trading on Wednesday, reaching $94.79. The company had a trading volume of 2,011,377 shares, compared to its average volume of 2,530,538. Crown Castle has a 1-year low of $84.20 and a 1-year high of $120.92. The stock has a market cap of $41.20 billion, a PE ratio of 33.61 and a beta of 0.88. The firm has a 50 day simple moving average of $89.92 and a 200-day simple moving average of $102.12. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend is Friday, March 14th. Crown Castle's dividend payout ratio (DPR) is currently 221.99%.

Institutional Trading of Crown Castle

Several hedge funds have recently added to or reduced their stakes in the business. Probity Advisors Inc. raised its stake in Crown Castle by 13.9% during the 4th quarter. Probity Advisors Inc. now owns 4,558 shares of the real estate investment trust's stock worth $414,000 after buying an additional 557 shares during the period. Siemens Fonds Invest GmbH increased its holdings in Crown Castle by 811.5% during the 4th quarter. Siemens Fonds Invest GmbH now owns 49,593 shares of the real estate investment trust's stock worth $4,501,000 after purchasing an additional 44,152 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Crown Castle during the 4th quarter worth about $45,348,000. Vermillion Wealth Management Inc. bought a new position in Crown Castle during the 4th quarter worth about $38,000. Finally, Montchanin Asset Management LLC increased its holdings in Crown Castle by 20.0% during the 4th quarter. Montchanin Asset Management LLC now owns 5,110 shares of the real estate investment trust's stock worth $464,000 after purchasing an additional 850 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company's stock.

Crown Castle Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them.