Crown Castle (CCI) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $89.64 to $91.81
• 50-Day Range: $90.66 to $115.78
• 52-Week Range: $89.64 to $120.92
• Volume: 8.35 million shs
• Average Volume: 2.72 million shs
• Market Capitalization: $39.40 billion
• P/E Ratio: 32.15
• Dividend Yield: 6.90%
• Price Target: $117.00
• Consensus Rating: Hold

Crown Castle Stock Analysis - MarketRank™

Crown Castle scored higher than 90% of companies evaluated by MarketBeat, and ranked 145th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.1 / 5
• Analyst Rating: Hold

Consensus Rating

Crown Castle has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 3 buy ratings, 10 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Crown Castle has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -1.05%

Earnings Growth

Earnings for Crown Castle are expected to decrease by -1.05% in the coming year, from $6.66 to $6.59 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Crown Castle is 32.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.36.

Price to Earnings Ratio vs. Sector

The P/E ratio of Crown Castle is 32.15, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 26.74.

Price to Book Value per Share Ratio

Crown Castle has a P/B Ratio of 6.16. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.59% of the outstanding shares of Crown Castle have been sold short.

Short Interest Ratio / Days to Cover

Crown Castle has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Crown Castle has recently increased by 3.44%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Crown Castle is a leading dividend payer. It pays a dividend yield of 6.60%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Crown Castle does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Crown Castle is 221.99%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Crown Castle will have a dividend payout ratio of 94.99% in the coming year. This indicates that Crown Castle may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 2.9 / 5
• Environmental Score: -0.94

Percentage of Shares Shorted

1.59% of the outstanding shares of Crown Castle have been sold short.

Short Interest Ratio / Days to Cover

Crown Castle has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Crown Castle has recently increased by 3.44%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.80

News Sentiment

Crown Castle has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for Crown Castle this week, compared to 13 articles on an average week.

Search Interest

46 people have searched for CCI on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

Only 8 people have added Crown Castle to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Crown Castle insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.39% of the stock of Crown Castle is held by insiders.

Percentage Held by Institutions

90.77% of the stock of Crown Castle is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CCI Stock Analysis - Frequently Asked Questions

How have CCI shares performed this year?

Crown Castle's stock was trading at $115.19 at the start of the year. Since then, CCI shares have decreased by 21.3% and is now trading at $90.66.
View the best growth stocks for 2024 here.

How were Crown Castle's earnings last quarter?

Crown Castle Inc. (NYSE:CCI) issued its earnings results on Wednesday, October, 16th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by $1.03. The firm's quarterly revenue was down .9% compared to the same quarter last year.
Read the conference call transcript.

Does Crown Castle have any subsidiaries?

Crown Castle subsidiaries include these companies: Lightower Fiber Networks, Wilcon, Tower Development, Sunesys LLC, TriStar Investors, NextG Networks, NewPath Networks, and more.

Who are Crown Castle's major shareholders?

Crown Castle's top institutional shareholders include State Street Corp (4.80%), Wellington Management Group LLP (4.03%), FMR LLC (3.29%) and Geode Capital Management LLC (2.79%). Insiders that own company stock include Michael Joseph Kavanagh, Laura B Nichol, Kevin A Stephens, Robert Sean Collins, Matthew Thornton III, Christopher Levendos, Jason Genrich, Sunit S Patel and Catherine Piche.
View institutional ownership trends.

How do I buy shares of Crown Castle?

Shares of CCI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Crown Castle own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Crown Castle investors own include BlackRock (BLK), Broadcom (AVGO), UnitedHealth Group (UNH), The Goldman Sachs Group (GS), ServiceNow (NOW), Illinois Tool Works (ITW) and Verizon Communications (VZ).

Company Calendar

• Ex-Dividend for 9/30 Dividend: 9/13/2024
• Dividend Payable: 9/30/2024
• Last Earnings: 10/16/2024
• Ex-Dividend for 12/31 Dividend: 12/13/2024
• Today: 12/21/2024
• Dividend Payable: 12/31/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Wireless Telecommunication Services
• Current Symbol: NYSE:CCI
• CUSIP: 22822710
• CIK: 1051470
• Web: www.crowncastle.com
• Phone: (713) 570-3000
• Fax: 713-570-3100
• Employees: 4,700
• Year Founded: 1994

Price Target and Rating

• Average Stock Price Target: $117.00
• High Stock Price Target: $128.00
• Low Stock Price Target: $100.00
• Potential Upside/Downside: +29.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.14
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.82
• Trailing P/E Ratio: 32.15
• Forward P/E Ratio: 13.61
• P/E Growth: N/A
• Net Income: $1.50 billion
• Net Margins: 18.59%
• Pretax Margin: 19.00%
• Return on Equity: 20.98%
• Return on Assets: 3.20%

Debt

• Debt-to-Equity Ratio: 4.43
• Current Ratio: 0.54
• Quick Ratio: 0.54

Sales & Book Value

• Annual Sales: $6.59 billion
• Price / Sales: 5.98
• Cash Flow: $7.07 per share
• Price / Cash Flow: 12.82
• Book Value: $14.71 per share
• Price / Book: 6.16

Miscellaneous

• Outstanding Shares: 434,598,000
• Free Float: 432,903,000
• Market Cap: $39.40 billion
• Optionable: Optionable
• Beta: 0.86