Crown Castle (NYSE:CCI) Price Target Lowered to $107.00 at BMO Capital Markets

Crown Castle (NYSE:CCI) had its price target cut by investment analysts at BMO Capital Markets from $114.00 to $107.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. BMO Capital Markets’ price objective indicates a potential upside of 21.12% from the company’s current price.

A number of other research analysts also recently commented on the company. The Goldman Sachs Group increased their price objective on Crown Castle from $115.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Wolfe Research upgraded shares of Crown Castle from a “peer perform” rating to an “outperform” rating and set a $114.00 price target on the stock in a research note on Monday, September 22nd. KeyCorp cut their price objective on shares of Crown Castle from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. Barclays restated an “equal weight” rating and issued a $101.00 target price (down previously from $104.00) on shares of Crown Castle in a report on Monday. Finally, JPMorgan Chase & Co. cut their price target on shares of Crown Castle from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Crown Castle currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.59.

Crown Castle Stock Up 0.1%

Shares of NYSE:CCI opened at $88.35 on Wednesday. Crown Castle has a fifty-two week low of $84.20 and a fifty-two week high of $115.76. The firm’s 50 day moving average price is $93.56 and its 200 day moving average price is $98.54. The stock has a market cap of $38.47 billion, a price-to-earnings ratio of -8.32, a price-to-earnings-growth ratio of 0.66 and a beta of 0.94.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 EPS for the quarter, topping the consensus estimate of $1.04 by $0.08. Crown Castle had a negative net margin of 95.37% and a negative return on equity of 619.62%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business posted $1.84 EPS. The firm’s revenue was down 4.3% on a year-over-year basis. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. On average, equities analysts anticipate that Crown Castle will post 6.67 EPS for the current year.

Insider Activity

In related news, EVP Daniel K. Schlanger sold 30,000 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $98.08, for a total value of $2,942,400.00. Following the transaction, the executive vice president owned 65,571 shares in the company, valued at $6,431,203.68. The trade was a 31.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Crown Castle

A number of hedge funds have recently added to or reduced their stakes in the stock. Centerpoint Advisors LLC acquired a new stake in shares of Crown Castle during the first quarter worth $26,000. Winnow Wealth LLC acquired a new stake in shares of Crown Castle in the 2nd quarter worth $26,000. Stone House Investment Management LLC purchased a new stake in shares of Crown Castle in the first quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Crown Castle during the second quarter worth about $27,000. Finally, Rise Advisors LLC acquired a new position in shares of Crown Castle during the first quarter worth about $28,000. 90.77% of the stock is owned by institutional investors and hedge funds.

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.