The price of Crown Castle Inc. (NYSE:CCI) shares last traded on Wall Street fell -0.20% to $107.28.
Based on available information, 20 analysts follow Crown Castle Inc. (NYSE:CCI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $165.00 and a low of $106.00, we find $138.00. Given the previous closing price of $107.50, this indicates a potential upside of 28.37 percent. CCI stock price is now -5.74% away from the 50-day moving average and -17.25% away from the 200-day moving average. The market capitalization of the company currently stands at $46.65B.
Among analysts, 7 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $136.41 as their price target over the next twelve months.
With the price target of $113, BMO Capital Markets recently initiated with Underperform rating for Crown Castle Inc. (NYSE: CCI).
In other news, Stephens Kevin A, Director bought 1,000 shares of the company’s stock on May 02. The stock was bought for $117,996 at an average price of $118.00. Upon completion of the transaction, the Director now directly owns 15,416 shares in the company, valued at $1.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 27, EVP – Business Support Nichol Laura B sold 5,000 shares of the business’s stock. A total of $604,850 was realized by selling the stock at an average price of $120.97. This leaves the insider owning 16,782 shares of the company worth $1.8 million. Insiders disposed of 55,564 shares of company stock worth roughly $5.96 million over the past 1 year. A total of 0.35% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CCI stock. A new stake in Crown Castle Inc. shares was purchased by HEITMAN REAL ESTATE SECURITIES LLC during the first quarter worth $19,413,000. SPX GESTAO DE RECURSOS LTDA invested $12,691,000 in shares of CCI during the first quarter. In the first quarter, POLAR ASSET MANAGEMENT PARTNERS INC. acquired a new stake in Crown Castle Inc. valued at approximately $11,844,000. RIVER ROAD ASSET MANAGEMENT, LLC acquired a new stake in CCI for approximately $9,401,000. FIRST SABREPOINT CAPITAL MANAGEMENT LP purchased a new stake in CCI valued at around $5,042,000 in the second quarter. In total, there are 1,776 active investors with 93.10% ownership of the company’s stock.
A candlestick chart of Crown Castle Inc. (NYSE: CCI) showed a price of $107.30 on Friday morning. During the past 12 months, Crown Castle Inc. has had a low of $103.22 and a high of $183.68. As of last week, the company has a debt-to-equity ratio of 3.09, a current ratio of 0.50, and a quick ratio of 0.50. The fifty day moving average price for CCI is $113.62 and a two-hundred day moving average price translates $129.58 for the stock.
The latest earnings results from Crown Castle Inc. (NYSE: CCI) was released for Mar, 2023. According to the REIT – Specialty Company, earnings per share came in at $1.05, inline with analysts’ expectations of $1.05. This compares to $0.97 EPS in the same period last year. The net profit margin was 23.40% and return on equity was 22.20% for CCI. The company reported revenue of $1.77 billion for the quarter, compared to $1.74 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.78 percent. For the current quarter, analysts expect CCI to generate $1.75B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/15/2023 were paid a $1.565 dividend. On an annualized basis, this represents a $6.26 dividend and a 5.84% percent yield. There was an ex-dividend date of 06/14/2023 for this dividend. In terms of dividend payout ratio, CCI is presently at 154.50%.
Crown Castle Inc.(CCI) Company Profile
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 85,000 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.
