Citizens Jmp Cuts Crown Castle (NYSE:CCI) Price Target to $120.00

Crown Castle (NYSE:CCI) had its price target reduced by Citizens Jmp from $125.00 to $120.00 in a research report released on Friday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the real estate investment trust’s stock.

Several other research analysts have also commented on CCI. The Goldman Sachs Group started coverage on Crown Castle in a report on Friday, June 26th. They set a “neutral” rating and a $95.00 price objective for the company. Royal Bank Of Canada dropped their target price on shares of Crown Castle from $92.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday. Citigroup reissued a “market outperform” rating on shares of Crown Castle in a research note on Friday. Wolfe Research cut shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. Finally, KeyCorp upped their target price on shares of Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, Crown Castle has an average rating of “Moderate Buy” and a consensus price target of $95.92.

Crown Castle Stock Up 0.1%

Shares of NYSE CCI opened at $74.94 on Friday. The firm has a market capitalization of $32.71 billion, a P/E ratio of 38.04, a P/E/G ratio of 0.40 and a beta of 0.95. The stock’s 50-day simple moving average is $84.38 and its two-hundred day simple moving average is $85.72. Crown Castle has a twelve month low of $73.75 and a twelve month high of $113.80.

Crown Castle Announces Dividend

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

Institutional Trading of Crown Castle

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Crown Castle by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 69,769,393 shares of the real estate investment trust’s stock valued at $6,200,406,000 after buying an additional 386,733 shares during the last quarter. Cohen & Steers Inc. lifted its stake in shares of Crown Castle by 11.0% in the 4th quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock valued at $3,536,214,000 after acquiring an additional 3,953,685 shares during the last quarter. State Street Corp boosted its holdings in 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 valued at $1,976,430,000 after acquiring an additional 511,018 shares during the period. Wellington Management Group LLP grew its position in Crown Castle by 2.8% during the 4th 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 acquiring an additional 380,419 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in Crown Castle by 15.7% in the 1st quarter. Lazard Asset Management LLC now owns 13,463,182 shares of the real estate investment trust’s stock worth $1,094,691,000 after purchasing an additional 1,828,065 shares during the period. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

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.