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NYSE:CCI

Crown Castle (CCI) Stock Price, News & Analysis

$107.47
+0.60 (+0.56%)
(As of 02/8/2024 ET)
Compare
Today's Range
$105.98
▼
$107.51
50-Day Range
$105.55
▼
$118.60
52-Week Range
$84.72
▼
$145.14
Volume
3.00 million shs
Average Volume
2.89 million shs
Market Capitalization
$46.61 billion
P/E Ratio
31.06
Dividend Yield
5.82%
Price Target
$120.73
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Crown Castle MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
12.3% Upside
$120.73 Price Target
Short Interest
Healthy
0.73% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.94
Upright™ Environmental Score
News Sentiment
1.26mentions of Crown Castle in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$171,240 Sold Last Quarter
Proj. Earnings Growth
-2.87%
From $6.61 to $6.42 Per Share

Overall MarketRank™

New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.35 out of 5 stars

Finance Sector

222nd out of 842 stocks

Real Estate Investment Trusts Industry

46th out of 179 stocks

See Top Rated MarketRank™ Stocks Here

CCI stock logo

About Crown Castle Stock (NYSE:CCI)

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 85,000 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.

CCI Stock Price History

CCI Stock News Headlines

January 22, 2024 | marketbeat.com
This Is Where We’ll Find Winning Stocks (and Surging Dividends) in ’24
February 7, 2024 | finance.yahoo.com
Best Dividend Stocks: Cell Tower Provider Crown Castle Connects Investors To 5.8% Yield
February 8, 2024 | Stansberry Research (Ad)
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February 1, 2024 | americanbankingnews.com
Crown Castle Inc. (NYSE:CCI) Short Interest Update
January 30, 2024 | americanbankingnews.com
Crown Castle Inc. (NYSE:CCI) Receives Average Rating of "Hold" from Analysts
January 29, 2024 | finance.yahoo.com
Crown Castle Inc.: Highest dividend yield of data REIT peer group; maintaining BUY
January 27, 2024 | finance.yahoo.com
Crown Castle Inc. (NYSE:CCI) Q4 2023 Earnings Call Transcript
January 26, 2024 | realmoney.thestreet.com
Crown Castle price target raised by $3 at TD Cowen, here's why
February 8, 2024 | The Oxford Club (Ad)
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January 26, 2024 | markets.businessinsider.com
Crown Castle: Strong Q4 Performance and Positive Long-Term Growth Outlook Justify Buy Rating
January 26, 2024 | bizjournals.com
Crown Castle pivots to retain CFO, appoints executives to business segments
January 26, 2024 | finance.yahoo.com
Q4 2023 Crown Castle Inc Earnings Call
January 25, 2024 | bizjournals.com
Crown Castle interim CEO talks about why he ditched consolidation plan
January 25, 2024 | fool.com
Why Crown Castle Stock Was Climbing Today
January 25, 2024 | finance.yahoo.com
Crown Castle Announces Tax Reporting Information for 2023 Distributions
January 25, 2024 | fool.com
High-Yield Dividend Stock Crown Castle Deserved to Be Treated Like Royalty on Thursday
January 25, 2024 | fool.com
Crown Castle (CCI) Q4 2023 Earnings Call Transcript
January 25, 2024 | seekingalpha.com
Crown Castle Inc. 2023 Q4 - Results - Earnings Call Presentation
January 24, 2024 | msn.com
Crown Castle Q4 earnings top consensus; CFO plans to stay with company
January 24, 2024 | finance.yahoo.com
Here's What Key Metrics Tell Us About Crown Castle (CCI) Q4 Earnings
January 24, 2024 | marketwatch.com
Crown Castle 4Q Earnings Fall on Lower Revenue
January 24, 2024 | marketwatch.com
Crown Castle Scraps CFO Exit as CEO Search Continues
January 24, 2024 | finance.yahoo.com
Crown Castle Reports Fourth Quarter 2023 and Full Year 2023 Results, Maintains Outlook for Full Year 2024
January 24, 2024 | finance.yahoo.com
Crown Castle Inc (CCI) Maintains Steady Outlook Amidst 2023 Financial Challenges
January 24, 2024 | finance.yahoo.com
Crown Castle beats annual site rental revenue estimate on steady demand
January 23, 2024 | markets.businessinsider.com
Crown Castle earnings preview: what to expect
January 23, 2024 | msn.com
Crown Castle to report Q4 earnings amid reassessment of fiber strategy
See More Headlines
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Company Calendar

Last Earnings
10/19/2023
Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Today
2/08/2024
Next Earnings (Estimated)
4/17/2024
Fiscal Year End
12/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Wireless Telecommunication Services
Current Symbol
NYSE:CCI
CUSIP
22822710
CIK
1051470
Web
www.crowncastle.com
Phone
(713) 570-3000
Fax
713-570-3100
Employees
5,000
Year Founded
1994

Price Target and Rating

Average Stock Price Target
$120.73
High Stock Price Target
$155.00
Low Stock Price Target
$100.00
Potential Upside/Downside
+13.2%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
14 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.46
Trailing P/E Ratio
30.82
Forward P/E Ratio
16.13
P/E Growth
2.86
Net Income
$1.50 billion
Net Margins
21.47%
Pretax Margin
21.89%
Return on Equity
21.95%
Return on Assets
3.86%

Debt

Debt-to-Equity Ratio
3.46
Current Ratio
0.40
Quick Ratio
0.44

Sales & Book Value

Annual Sales
$6.98 billion
Price / Sales
6.63
Cash Flow
$7.51 per share
Price / Cash Flow
14.21
Book Value
$14.71 per share
Price / Book
7.25

Miscellaneous

Outstanding Shares
433,690,000
Free Float
431,998,000
Market Cap
$46.25 billion
Optionable
Optionable
Beta
0.74

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Should I Buy Crown Castle Stock? CCI Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Crown Castle was last updated on Thursday, February 1, 2024 at 1:07 PM.

Pros

Here are some ways that investors could benefit from investing in Crown Castle Inc.:

  • Crown Castle owns, operates, and leases more than 40,000 cell towers and approximately 85,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This extensive communications infrastructure provides a strong foundation for the company's growth and revenue generation.
  • The real estate investment trust (REIT) has a return on equity of 21.85% and a net margin of 21.93%. These financial indicators suggest that Crown Castle is effectively utilizing its assets and generating profits for its shareholders.
  • Crown Castle recently announced a quarterly dividend, which indicates the company's commitment to returning value to its shareholders. The annualized dividend yield is 5.39%, providing investors with a potential source of income.
  • Despite missing the consensus estimate for earnings per share (EPS) in the last quarter, Crown Castle is expected to post 7.14 EPS for the current year, according to equities research analysts. This positive outlook suggests potential growth and profitability for the company.
  • The average rating of "Hold" and a consensus price target of $126.50 by analysts indicate a positive sentiment towards Crown Castle's stock. This suggests that there is potential for the stock price to increase in the future.

Cons

Investors should be bearish about investing in Crown Castle Inc. for these reasons:

  • Several research firms have issued a "hold" rating for Crown Castle's stock, indicating a cautious stance towards its investment potential.
  • Some analysts have lowered their price targets for Crown Castle's stock, suggesting a potential downside risk in the stock price.
  • The dividend payout ratio (DPR) of 174.86% indicates that Crown Castle is paying out more in dividends than it is earning. This may raise concerns about the sustainability of the dividend payments.
  • One analyst has rated the stock as a sell, indicating a negative outlook on the company's performance.
  • Institutional investors have recently reduced their stakes in Crown Castle, which may indicate a lack of confidence in the company's future prospects.














CCI Stock Analysis - Frequently Asked Questions

Should I buy or sell Crown Castle stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Crown Castle in the last twelve months. There are currently 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CCI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CCI, but not buy additional shares or sell existing shares.
View CCI analyst ratings or view top-rated stocks.

What is Crown Castle's stock price target for 2024?

14 analysts have issued 1-year price targets for Crown Castle's stock. Their CCI share price targets range from $100.00 to $155.00. On average, they expect the company's share price to reach $120.73 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price.
View analysts price targets for CCI or view top-rated stocks among Wall Street analysts.

How have CCI shares performed in 2024?

Crown Castle's stock was trading at $115.19 at the start of the year. Since then, CCI stock has decreased by 6.7% and is now trading at $107.47.
View the best growth stocks for 2024 here.

Are investors shorting Crown Castle?

Crown Castle saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 3,160,000 shares, a drop of 5.1% from the December 31st total of 3,330,000 shares. Based on an average daily volume of 3,580,000 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.7% of the company's shares are short sold.
View Crown Castle's Short Interest.

When is Crown Castle's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 17th 2024.
View our CCI earnings forecast.

How were Crown Castle's earnings last quarter?

Crown Castle Inc. (NYSE:CCI) announced its quarterly earnings data on Thursday, October, 19th. The real estate investment trust reported $0.61 earnings per share for the quarter, missing the consensus estimate of $1.69 by $1.08. The real estate investment trust earned $1.67 billion during the quarter, compared to analysts' expectations of $1.70 billion. Crown Castle had a trailing twelve-month return on equity of 21.95% and a net margin of 21.47%. During the same quarter in the previous year, the business earned $1.85 EPS.
Read the conference call transcript.

How often does Crown Castle pay dividends? What is the dividend yield for Crown Castle?

Crown Castle announced a quarterly dividend on Wednesday, October 18th. Investors of record on Friday, December 15th will be given a dividend of $1.565 per share on Friday, December 29th. This represents a $6.26 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for CCI.

Is Crown Castle a good dividend stock?

Crown Castle (NYSE:CCI) pays an annual dividend of $6.26 per share and currently has a dividend yield of 5.81%. CCI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 180.92%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CCI will have a dividend payout ratio of 97.51% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CCI.

What ETFs hold Crown Castle's stock?

ETFs with the largest weight of Crown Castle (NYSE:CCI) stock in their portfolio include Pacer Data & Infrastructure Real Estate ETF (SRVR), SP Funds S&P Global REIT Sharia ETF (SPRE), Global X Data Center REITs & Digital Infrastructure ETF (VPN), Fidelity Real Estate Investment ETF (FPRO), IQ CBRE NextGen Real Estate ETF (ROOF), iShares US Credit Bond ETF (CRED), iShares Cohen & Steers REIT ETF (ICF) and Real Estate Select Sector SPDR Fund (XLRE).

What guidance has Crown Castle issued on next quarter's earnings?

Crown Castle issued an update on its FY 2024 earnings guidance on Thursday, January, 25th. The company provided earnings per share guidance of 6.850-6.970 for the period, compared to the consensus EPS estimate of 6.870. The company issued revenue guidance of -.

What is Jay Brown's approval rating as Crown Castle's CEO?

205 employees have rated Crown Castle Chief Executive Officer Jay Brown on Glassdoor.com. Jay Brown has an approval rating of 67% among the company's employees.

What other stocks do shareholders of Crown Castle own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Crown Castle investors own include NVIDIA (NVDA), AT&T (T), QUALCOMM (QCOM), Verizon Communications (VZ), Cisco Systems (CSCO), Intel (INTC), AbbVie (ABBV), Walt Disney (DIS), American Tower (AMT) and Home Depot (HD).

Who are Crown Castle's major shareholders?

Crown Castle's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (1.39%), Charles Schwab Investment Management Inc. (1.26%), Fisher Asset Management LLC (1.05%), National Bank of Canada FI (0.78%), California Public Employees Retirement System (0.58%) and M&G Investment Management Ltd. (0.46%). Insiders that own company stock include Catherine Piche, Christopher Levendos, Daniel K Schlanger, J Landis Martin, Kenneth Jay Simon, Kevin A Stephens, Laura B Nichol, Matthew Thornton III, Michael Joseph Kavanagh and Robert Sean Collins.
View institutional ownership trends.

How do I buy shares of Crown Castle?

Shares of CCI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Crown Castle have any subsidiaries?
The following companies are subsidiares of Crown Castle: CC Holdings GS V LLC, CC Sunesys Fiber Networks LLC, CC Towers Guarantor LLC, CC Towers Holding LLC, CCATT Holdings LLC, CCATT LLC, CCGS Holdings Corp., CCS & E LLC, CCT2 Holdings LLC, CCTM Holdings LLC, CCTM1 LLC, CCTMO LLC, Crown Atlantic Company LLC, Crown Castle Atlantic LLC, Crown Castle BP ATT LLC, Crown Castle CA Corp., Crown Castle GT Company LLC, Crown Castle GT Corp., Crown Castle GT Holding Sub LLC, Crown Castle International Corp. de Puerto Rico, Crown Castle Investment Corp., Crown Castle NG Central LLC, Crown Castle NG East LLC, Crown Castle NG Networks LLC, Crown Castle NG West LLC, Crown Castle Operating Company, Crown Castle PR LLC, Crown Castle PT Inc., Crown Castle Solutions LLC, Crown Castle South LLC, Crown Castle Towers 06-2 LLC, Crown Castle Towers LLC, Crown Castle USA Inc., Crown Communication LLC, Fibernet Direct Florida LLC, Fibernet Direct Holdings LLC, Fibernet Direct TEL LLC, Fibernet Direct Texas LLC, Global Signal, Global Signal Acquisitions II LLC, Global Signal Acquisitions III LLC, Global Signal Acquisitions IV LLC, Global Signal Acquisitions LLC, Global Signal GP LLC, Global Signal Holdings III LLC, Global Signal Operating Partnership L.P., GoldenState Towers LLC, InfraSource FI LLC, Lightower Fiber Networks, MW Cell REIT 1 LLC, NewPath Networks, NextG Networks, OP LLC, PR Site Development Corporation, Pinnacle Towers Acquisition Holdings LLC, Pinnacle Towers Acquisition LLC, Pinnacle Towers LLC, Sunesys LLC, Tower Development, Towers Development Corporation, Towers Ventures III LLC, TriStar Investors, WCP Wireless Site RE Funding LLC, WCP Wireless Site RE Holdco LLC, and Wilcon.
Read More
This page (NYSE:CCI) was last updated on 2/8/2024 by MarketBeat.com Staff

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