Crown Castle (NYSE:CCI) Receives Peer Perform Rating from Wolfe Research

Crown Castle (NYSE:CCI)‘s stock had its “peer perform” rating restated by investment analysts at Wolfe Research in a research report issued on Wednesday, Marketbeat.com reports.

CCI has been the topic of several other research reports. Scotiabank decreased their price target on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 7th. Weiss Ratings upgraded shares of Crown Castle from a “sell (d)” rating to a “hold (c-)” rating in a research report on Tuesday, February 24th. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. decreased their price objective on shares of Crown Castle from $110.00 to $95.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Finally, Raymond James Financial boosted their price objective on Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $98.52.

Crown Castle Stock Up 2.7%

NYSE:CCI opened at $92.39 on Wednesday. The business’s 50-day moving average price is $86.03 and its 200 day moving average price is $87.58. The firm has a market cap of $40.32 billion, a P/E ratio of 38.18, a PEG ratio of 0.46 and a beta of 0.93. Crown Castle has a 52-week low of $75.96 and a 52-week high of $115.76.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.55. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.42 million. During the same period in the prior year, the business earned $1.10 EPS. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Sell-side analysts expect that Crown Castle will post 4.22 EPS for the current year.

Insider Buying and Selling at Crown Castle

In related news, EVP Edward B. Adams, Jr. sold 4,650 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total value of $401,481.00. Following the completion of the sale, the executive vice president directly owned 25,183 shares in the company, valued at $2,174,300.22. The trade was a 15.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Robert Sean Collins sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $87.49, for a total transaction of $262,470.00. Following the transaction, the vice president directly owned 5,800 shares in the company, valued at approximately $507,442. This represents a 34.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Crown Castle

Institutional investors have recently made changes to their positions in the stock. LRI Investments LLC acquired a new position in Crown Castle in the third quarter valued at about $29,000. Wiser Advisor Group LLC bought a new stake in shares of Crown Castle during the 3rd quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Crown Castle during the 3rd quarter worth approximately $31,000. Triumph Capital Management bought a new stake in shares of Crown Castle during the 3rd quarter worth approximately $31,000. Finally, Hilton Head Capital Partners LLC lifted its holdings in shares of Crown Castle by 55.6% during the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 134 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Company Profile

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.