Crown Castle Inc. (NYSE:CCI - Free Report) - Analysts at Zacks Research issued their FY2027 earnings estimates for shares of Crown Castle in a research report issued on Thursday, April 3rd. Zacks Research analyst R. Department anticipates that the real estate investment trust will post earnings per share of $5.00 for the year. The consensus estimate for Crown Castle's current full-year earnings is $6.67 per share.
Several other equities analysts also recently weighed in on the company. UBS Group upgraded Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 target price on the stock in a research report on Friday, March 14th. Citigroup reaffirmed a "buy" rating on shares of Crown Castle in a research note on Tuesday, March 25th. Scotiabank dropped their price objective on shares of Crown Castle from $102.00 to $99.00 and set a "sector perform" rating for the company in a research note on Friday, March 14th. Wolfe Research raised Crown Castle from an "underperform" rating to a "peer perform" rating in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. decreased their price objective on Crown Castle from $121.00 to $115.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $110.00.
Check Out Our Latest Stock Report on CCI
Crown Castle Price Performance
Shares of CCI stock traded down $6.17 on Friday, reaching $100.89. 4,772,543 shares of the company were exchanged, compared to its average volume of 2,880,876. Crown Castle has a 1 year low of $84.20 and a 1 year high of $120.92. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The business has a 50-day moving average price of $95.67 and a 200 day moving average price of $99.98. The company has a market cap of $43.93 billion, a price-to-earnings ratio of 35.78 and a beta of 0.93.
Crown Castle Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 6.20%. The ex-dividend date of this dividend was Friday, March 14th. Crown Castle's payout ratio is currently -69.71%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of CCI. Twin Tree Management LP purchased a new position in shares of Crown Castle in the 4th quarter valued at about $25,000. FNY Investment Advisers LLC raised its holdings in Crown Castle by 300.0% in the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 300 shares in the last quarter. Roxbury Financial LLC purchased a new position in Crown Castle in the fourth quarter worth approximately $37,000. Vermillion Wealth Management Inc. acquired a new position in Crown Castle during the 4th quarter worth approximately $38,000. Finally, Versant Capital Management Inc increased its position in shares of Crown Castle by 95.2% in the 1st quarter. Versant Capital Management Inc now owns 408 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 199 shares during the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.
About Crown Castle
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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.
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