Crown Castle (NYSE:CCI) Receives “Underweight” Rating from JPMorgan Chase & Co.

Crown Castle (NYSE:CCI)‘s stock had its “underweight” rating reissued by investment analysts at JPMorgan Chase & Co. in a report released on Monday, Benzinga reports. They presently have a $80.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $85.00. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 5.68% from the stock’s previous close.

CCI has been the topic of a number of other research reports. Royal Bank Of Canada cut their price objective on shares of Crown Castle from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Wolfe Research downgraded Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, May 20th. Truist Financial cut their price target on Crown Castle from $95.00 to $87.00 and set a “hold” rating on the stock in a report on Tuesday, July 28th. Citigroup reissued a “market outperform” rating on shares of Crown Castle in a research note on Friday, July 24th. Finally, TD Cowen decreased their price objective on Crown Castle from $94.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $94.86.

Crown Castle Stock Up 0.1%

Shares of CCI stock opened at $75.70 on Monday. The company has a market cap of $32.21 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 0.68 and a beta of 0.95. Crown Castle has a 52 week low of $69.72 and a 52 week high of $100.50. The firm has a 50 day moving average of $76.13 and a 200-day moving average of $82.99.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.17). The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.05 million. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. Analysts anticipate that Crown Castle will post 4.38 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Robert Collins sold 1,500 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $75.89, for a total value of $113,835.00. Following the transaction, the vice president owned 5,113 shares of the company’s stock, valued at approximately $388,025.57. This trade represents a 22.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Institutional Trading of Crown Castle

Several institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System lifted its stake in Crown Castle by 7,321.8% during the 2nd quarter. California State Teachers Retirement System now owns 52,821,372 shares of the real estate investment trust’s stock valued at $4,000,163,000 after acquiring an additional 52,109,665 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Crown Castle in the 2nd quarter worth $3,326,154,000. Norges Bank bought a new stake in shares of Crown Castle in the 4th quarter worth $594,670,000. Lazard Asset Management LLC raised its holdings in shares of Crown Castle by 124.2% in the fourth quarter. Lazard Asset Management LLC now owns 11,635,117 shares of the real estate investment trust’s stock valued at $1,034,013,000 after purchasing an additional 6,445,237 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Crown Castle in the second quarter valued at about $456,897,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

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.