Crown Castle (NYSE:CCI) Sets New 1-Year Low – Should You Sell?

Crown Castle Inc. (NYSE:CCI) hit a new 52-week low on Monday . The company traded as low as $88.64 and last traded at $88.68, with a volume of 1572062 shares traded. The stock had previously closed at $89.99.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CCI. Wells Fargo & Company cut shares of Crown Castle from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $105.00 to $100.00 in a research report on Tuesday, December 10th. Barclays raised their price target on Crown Castle from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Jefferies Financial Group cut Crown Castle from a “buy” rating to a “hold” rating and cut their price objective for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. TD Cowen lowered their target price on Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, UBS Group lifted their price target on shares of Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Crown Castle presently has an average rating of “Hold” and an average target price of $113.93.

Crown Castle Stock Up 0.0 %

The firm has a fifty day moving average of $99.31 and a 200-day moving average of $106.05. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm has a market cap of $38.02 billion, a P/E ratio of 31.02 and a beta of 0.87.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($1.03). The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm earned $1.77 EPS. On average, equities research analysts anticipate that Crown Castle Inc. will post 6.66 earnings per share for the current year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date was Friday, December 13th. Crown Castle’s dividend payout ratio (DPR) is presently 221.99%.

Hedge Funds Weigh In On Crown Castle

A number of institutional investors have recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Crown Castle by 3.7% during the 3rd quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock worth $2,476,470,000 after acquiring an additional 747,390 shares during the last quarter. Wellington Management Group LLP boosted its position in Crown Castle by 23.8% during the third quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust’s stock worth $2,079,417,000 after purchasing an additional 3,371,186 shares during the period. Geode Capital Management LLC increased its holdings in shares of Crown Castle by 1.3% in the third quarter. Geode Capital Management LLC now owns 12,105,151 shares of the real estate investment trust’s stock valued at $1,434,229,000 after purchasing an additional 151,990 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Crown Castle by 1.1% in the second quarter. Legal & General Group Plc now owns 6,177,250 shares of the real estate investment trust’s stock valued at $603,518,000 after purchasing an additional 67,072 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Crown Castle by 7.2% in the third quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust’s stock valued at $613,900,000 after purchasing an additional 348,296 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

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.