Crown Castle (NYSE:CCI) Sets New 52-Week Low – What’s Next?

Crown Castle Inc. (NYSE:CCI) shares hit a new 52-week low on Thursday . The company traded as low as $69.60 and last traded at $68.8990, with a volume of 156318 shares trading hands. The stock had previously closed at $70.23.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group dropped their price target on Crown Castle from $88.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, July 15th. Citizens Jmp reduced their price objective on Crown Castle from $125.00 to $120.00 and set a “market outperform” rating for the company in a research report on Friday, July 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a report on Wednesday, August 19th. Morgan Stanley set a $85.00 target price on Crown Castle in a report on Monday. Finally, Royal Bank Of Canada cut their price target on Crown Castle from $92.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $94.37.

Crown Castle Stock Performance

The company has a market cap of $28.87 billion, a P/E ratio of 34.49, a P/E/G ratio of 0.65 and a beta of 0.95. The firm’s fifty day moving average is $75.32 and its two-hundred day moving average is $82.08.

Crown Castle (NYSE:CCI) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.18. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.05 million. Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The firm’s revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.67 earnings per share. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. On average, equities research analysts expect that Crown Castle Inc. will post 4.38 EPS for the current year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Crown Castle’s dividend payout ratio (DPR) is 215.74%.

Insider Transactions at Crown Castle

In other news, VP Robert Collins sold 1,500 shares of Crown Castle stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $75.89, for a total transaction of $113,835.00. Following the sale, the vice president owned 5,113 shares in the company, valued at $388,025.57. This trade represents a 22.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Crown Castle

Hedge funds and other institutional investors have recently modified their holdings of the stock. QRG Capital Management Inc. grew its position in shares of Crown Castle by 19.4% during the second quarter. QRG Capital Management Inc. now owns 36,989 shares of the real estate investment trust’s stock valued at $2,801,000 after purchasing an additional 6,020 shares in the last quarter. State Street Corp increased its stake in Crown Castle by 0.9% in the 2nd quarter. State Street Corp now owns 23,023,394 shares of the real estate investment trust’s stock worth $1,743,562,000 after acquiring an additional 211,633 shares during the last quarter. Anchor Investment Management LLC increased its stake in Crown Castle by 242.8% in the 2nd quarter. Anchor Investment Management LLC now owns 473 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 335 shares during the last quarter. Junto Capital Management LP purchased a new stake in shares of Crown Castle during the 2nd quarter worth approximately $68,627,000. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Crown Castle by 5.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,325 shares of the real estate investment trust’s stock worth $555,000 after acquiring an additional 353 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

About Crown Castle

Crown Castle Inc (NYSE: CCI) is a communications infrastructure company that owns, operates and leases shared wireless infrastructure in the United States. Its assets support wireless carriers, broadcasters, government agencies and other communications providers by enabling the transmission of voice, data and video services.

The company’s primary infrastructure includes cell towers and other tower sites that host antennas and related equipment. Crown Castle has also developed and operated fiber networks and small-cell systems, which help wireless providers expand network capacity and coverage in densely populated areas and along high-traffic corridors.

Founded in 1994 and headquartered in Houston, Texas, Crown Castle has historically served customers across major U.S.