Crown Castle (NYSE:CCI) Announces Earnings Results

Crown Castle (NYSE:CCI) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.16), FiscalAI reports. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.05 million. Crown Castle updated its FY 2026 guidance to 4.530-4.650 EPS.

Crown Castle Price Performance

CCI traded up $1.53 on Wednesday, reaching $77.73. 3,919,235 shares of the company’s stock were exchanged, compared to its average volume of 3,642,800. The stock has a market cap of $33.93 billion, a PE ratio of 32.12, a P/E/G ratio of 0.40 and a beta of 0.95. Crown Castle has a twelve month low of $73.75 and a twelve month high of $115.76. The stock’s fifty day moving average price is $85.10 and its 200-day moving average price is $85.99.

Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is currently 175.62%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. State Street Corp boosted its holdings in shares of Crown Castle by 2.4% during the 4th quarter. State Street Corp now owns 22,239,559 shares of the real estate investment trust’s stock worth $1,976,430,000 after purchasing an additional 511,018 shares during the last quarter. Wellington Management Group LLP lifted its position in Crown Castle by 2.8% during the fourth quarter. Wellington Management Group LLP now owns 13,986,852 shares of the real estate investment trust’s stock worth $1,243,012,000 after buying an additional 380,419 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Crown Castle by 124.2% during the fourth quarter. Lazard Asset Management LLC now owns 11,635,117 shares of the real estate investment trust’s stock worth $1,034,013,000 after buying an additional 6,445,237 shares during the last quarter. Invesco Ltd. grew its holdings in Crown Castle by 12.8% in the 4th quarter. Invesco Ltd. now owns 7,260,583 shares of the real estate investment trust’s stock valued at $645,248,000 after buying an additional 822,898 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Crown Castle by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,765,231 shares of the real estate investment trust’s stock worth $512,356,000 after acquiring an additional 273,844 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CCI shares. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Barclays upped their price target on shares of Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. The Goldman Sachs Group began coverage on shares of Crown Castle in a research note on Friday, June 26th. They issued a “neutral” rating and a $95.00 price target on the stock. Scotiabank cut their price objective on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 7th. Finally, Wolfe Research cut Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, Crown Castle has a consensus rating of “Moderate Buy” and an average target price of $98.52.

About Crown Castle

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.