JPMorgan Chase & Co. Cuts Crown Castle (NYSE:CCI) Price Target to $85.00

Crown Castle (NYSE:CCI) had its price target cut by JPMorgan Chase & Co. from $95.00 to $85.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the stock. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Truist Financial assumed coverage on shares of Crown Castle in a research note on Tuesday, March 31st. They set a “hold” rating and a $90.00 price objective on the stock. Wolfe Research downgraded shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th. Finally, KeyCorp increased their target price on shares of Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.92.

Crown Castle Stock Up 0.5%

CCI opened at $74.94 on Thursday. The firm has a market capitalization of $32.71 billion, a P/E ratio of 38.04, a P/E/G ratio of 0.38 and a beta of 0.95. The firm’s 50 day moving average is $84.38 and its 200-day moving average is $85.74. Crown Castle has a 52-week low of $73.75 and a 52-week high of $113.80.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.55. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.41 million. During the same period in the prior year, the company posted $1.10 earnings per share. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. Equities analysts expect that Crown Castle will post 4.39 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

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

Hedge Funds Weigh In On Crown Castle

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Crown Castle by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 69,769,393 shares of the real estate investment trust’s stock worth $6,200,406,000 after purchasing an additional 386,733 shares in the last quarter. Cohen & Steers Inc. boosted its holdings in Crown Castle by 11.0% during the fourth quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock worth $3,536,214,000 after buying an additional 3,953,685 shares in the last quarter. State Street Corp grew its position in Crown Castle by 2.4% in the fourth quarter. State Street Corp now owns 22,239,559 shares of the real estate investment trust’s stock worth $1,976,430,000 after buying an additional 511,018 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Crown Castle by 2.8% in the fourth quarter. Wellington Management Group LLP now owns 13,986,852 shares of the real estate investment trust’s stock valued at $1,243,012,000 after buying an additional 380,419 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Crown Castle by 15.7% in the first quarter. Lazard Asset Management LLC now owns 13,463,182 shares of the real estate investment trust’s stock valued at $1,094,691,000 after buying an additional 1,828,065 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

More Crown Castle News

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

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.