Crown Castle (NYSE:CCI) PT Raised to $112.00

Crown Castle (NYSE:CCI) had its price objective boosted by investment analysts at Barclays from $111.00 to $112.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target indicates a potential upside of 17.35% from the company’s current price.

Other research analysts have also issued research reports about the company. Argus lowered Crown Castle from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Royal Bank of Canada boosted their target price on shares of Crown Castle from $92.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 21st. BMO Capital Markets decreased their price target on shares of Crown Castle from $110.00 to $105.00 and set a “market perform” rating on the stock in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft cut their price objective on Crown Castle from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday. Finally, Jefferies Financial Group reduced their target price on Crown Castle from $126.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $113.29.

Crown Castle Stock Down 0.0 %

CCI stock opened at $95.44 on Tuesday. The firm’s fifty day moving average is $104.22 and its 200 day moving average is $105.33. The firm has a market cap of $41.47 billion, a PE ratio of 29.83, a P/E/G ratio of 2.53 and a beta of 0.73. Crown Castle has a one year low of $84.72 and a one year high of $125.41. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.40 and a current ratio of 0.42.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.92). The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. Crown Castle’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.91 EPS. On average, research analysts forecast that Crown Castle will post 6.59 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Riverview Trust Co grew its holdings in shares of Crown Castle by 108.5% during the 3rd quarter. Riverview Trust Co now owns 269 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 140 shares during the period. Caprock Group LLC increased its position in shares of Crown Castle by 13.4% during the third quarter. Caprock Group LLC now owns 5,228 shares of the real estate investment trust’s stock valued at $481,000 after acquiring an additional 618 shares during the last quarter. Miller Howard Investments Inc. NY raised its stake in shares of Crown Castle by 1.7% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 45,526 shares of the real estate investment trust’s stock valued at $4,190,000 after acquiring an additional 755 shares during the period. Proficio Capital Partners LLC lifted its holdings in shares of Crown Castle by 3.8% in the 3rd quarter. Proficio Capital Partners LLC now owns 6,940 shares of the real estate investment trust’s stock worth $639,000 after acquiring an additional 253 shares during the last quarter. Finally, NovaPoint Capital LLC boosted its position in shares of Crown Castle by 19.9% during the 3rd quarter. NovaPoint Capital LLC now owns 5,626 shares of the real estate investment trust’s stock worth $518,000 after purchasing an additional 935 shares during the period. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

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.