Crown Castle Inc. (NYSE:CCI) Given Consensus Recommendation of “Hold” by Analysts

Crown Castle Inc. (NYSE:CCI) has been assigned a consensus rating of “Hold” from the seventeen research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $108.75.

Several equities research analysts recently weighed in on the stock. Citigroup dropped their price objective on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Scotiabank dropped their price objective on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and decreased their target price for the stock from $127.00 to $84.00 in a research report on Thursday, January 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Probity Advisors Inc. boosted its holdings in shares of Crown Castle by 13.9% in the fourth quarter. Probity Advisors Inc. now owns 4,558 shares of the real estate investment trust’s stock valued at $414,000 after acquiring an additional 557 shares in the last quarter. Siemens Fonds Invest GmbH lifted its stake in Crown Castle by 811.5% during the fourth quarter. Siemens Fonds Invest GmbH now owns 49,593 shares of the real estate investment trust’s stock valued at $4,501,000 after purchasing an additional 44,152 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Crown Castle during the fourth quarter valued at approximately $45,348,000. Vermillion Wealth Management Inc. acquired a new stake in Crown Castle during the fourth quarter valued at approximately $38,000. Finally, Montchanin Asset Management LLC lifted its stake in Crown Castle by 20.0% during the fourth quarter. Montchanin Asset Management LLC now owns 5,110 shares of the real estate investment trust’s stock valued at $464,000 after purchasing an additional 850 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Price Performance

CCI opened at $97.73 on Wednesday. The firm has a market cap of $42.47 billion, a price-to-earnings ratio of 34.66 and a beta of 0.89. Crown Castle has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The company’s 50-day moving average price is $90.54 and its 200 day moving average price is $101.65. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend is Friday, March 14th. Crown Castle’s dividend payout ratio (DPR) is presently 221.99%.

Crown Castle Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.