Citigroup Cuts Crown Castle (NYSE:CCI) Price Target to $98.00

Crown Castle (NYSE:CCI) had its price objective trimmed by Citigroup from $106.00 to $98.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other analysts have also commented on CCI. The Goldman Sachs Group started coverage on Crown Castle in a report on Friday, June 26th. They set a “neutral” rating and a $95.00 price objective for the company. TD Cowen dropped their price target 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. Scotiabank reduced their price target on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 7th. JPMorgan Chase & Co. cut their price objective on shares of Crown Castle from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Barclays upped their target price on shares of Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, Crown Castle currently has an average rating of “Moderate Buy” and an average target price of $95.92.

Crown Castle Stock Up 0.1%

Shares of CCI stock opened at $74.94 on Friday. Crown Castle has a 52-week low of $73.75 and a 52-week high of $113.80. The company’s 50 day moving average is $84.38 and its 200 day moving average is $85.72. The firm has a market cap of $32.71 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 0.40 and a beta of 0.95.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $1.0625 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a yield of 5.7%. Crown Castle’s dividend payout ratio is presently 215.74%.

Institutional Investors Weigh In On Crown Castle

Several hedge funds have recently made changes to their positions in the business. United Asset Strategies Inc. boosted its position in Crown Castle by 2.5% during the 4th quarter. United Asset Strategies Inc. now owns 4,931 shares of the real estate investment trust’s stock worth $438,000 after purchasing an additional 120 shares during the period. Binnacle Investments Inc increased its holdings in shares of Crown Castle by 10.9% in the 3rd quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 127 shares during the last quarter. Front Row Advisors LLC increased its stake in Crown Castle by 1.4% during the first quarter. Front Row Advisors LLC now owns 9,305 shares of the real estate investment trust’s stock valued at $757,000 after purchasing an additional 130 shares during the last quarter. Applied Capital LLC FL grew its position in shares of Crown Castle by 0.9% during the 4th quarter. Applied Capital LLC FL now owns 15,269 shares of the real estate investment trust’s stock valued at $1,357,000 after buying an additional 132 shares during the last quarter. Finally, Hilton Head Capital Partners LLC grew its holdings 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 purchasing an additional 134 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle News Roundup

Here are the key news stories impacting Crown Castle this week:

• Positive Sentiment: Crown Castle beat Q2 expectations on key measures, including FFO and revenue, helped by lower interest expense. The company also updated full-year 2026 outlook, which suggests management sees improved operating momentum and progress from asset sales, debt repayment, and land investments. Crown Castle Reports Second Quarter 2026 Results and Updates Outlook for Full Year 2026
• Positive Sentiment: Analysts remain generally constructive despite trimming targets: Citigroup kept a buy rating, Citizens JMP kept market outperform, TD Cowen kept buy, and RBC kept outperform. Even with lower targets, the firms still see meaningful upside from current levels, signaling that expectations for CCI remain relatively favorable. Analyst price target updates
• Neutral Sentiment: Multiple analysts lowered price targets after the earnings release, including Citigroup to $98 from $106, Citizens JMP to $120 from $125, JPMorgan to $85 from $95, TD Cowen to $92 from $94, and RBC to $90 from $92. The cuts reflect a more cautious valuation stance, but not a bearish shift in ratings overall. Analyst price target updates
• Neutral Sentiment: Other coverage highlighted that Q2 results beat estimates even as site-rental revenue was affected by certain items, suggesting the quarter was solid but still showed some business mix or timing pressure. Crown Castle Q2 earnings beat even as site rental revenue impacted by items
• Negative Sentiment: Despite the earnings beat, the stock remains well below its recent highs, and the repeated target cuts may indicate analysts are resetting expectations for slower growth or a lower valuation multiple going forward. Analyst price target updates

About Crown Castle

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.