Crown Castle (NYSE:CCI) Posts Quarterly Earnings Results, Misses Estimates By $0.16 EPS

by · The Markets Daily

Crown Castle (NYSE:CCI – Get Free Report) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.22 earnings per share (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 firm 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 Stock Performance

Shares of NYSE:CCI traded up $1.53 during trading on Wednesday, reaching $77.73. The stock had a trading volume of 3,918,617 shares, compared to its average volume of 3,642,786. Crown Castle has a 52 week low of $73.75 and a 52 week high of $115.76. The firm’s fifty day moving average is $85.10 and its 200 day moving average is $85.99. The stock has a market cap of $33.93 billion, a price-to-earnings ratio of 32.12, a P/E/G ratio of 0.40 and a beta of 0.95.

Crown Castle Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, June 15th. Crown Castle’s dividend payout ratio is currently 175.62%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CCI. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. BMO Capital Markets lifted their price target on shares of Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. KeyCorp raised their target price on Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Finally, Wolfe Research downgraded 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 given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $98.52.

Get Our Latest Research Report on CCI

Hedge Funds Weigh In On Crown Castle

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC grew its holdings in Crown Castle by 124.2% during the 4th 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 acquiring an additional 6,445,237 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Crown Castle by 591.8% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,471,120 shares of the real estate investment trust’s stock worth $431,418,000 after purchasing an additional 3,824,778 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Crown Castle by 121.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 4,610,319 shares of the real estate investment trust’s stock worth $409,719,000 after purchasing an additional 2,529,843 shares in the last quarter. Invesco Ltd. increased its holdings in Crown Castle by 33.2% in the third quarter. Invesco Ltd. now owns 6,437,685 shares of the real estate investment trust’s stock worth $621,172,000 after purchasing an additional 1,605,291 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Crown Castle by 42.3% in the third quarter. Daiwa Securities Group Inc. now owns 3,931,258 shares of the real estate investment trust’s stock valued at $379,327,000 after buying an additional 1,168,132 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Company Profile

(Get Free Report)

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.

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