Royal Bank Of Canada Lowers Crown Castle (NYSE:CCI) Price Target to $90.00

Crown Castle (NYSE:CCI) had its price objective lowered by investment analysts at Royal Bank Of Canada from $92.00 to $90.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 20.09% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Scotiabank reduced their target price on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 7th. Raymond James Financial increased their price target on Crown Castle from $102.00 to $108.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 23rd. The Goldman Sachs Group began coverage on Crown Castle in a research report on Friday, June 26th. They set a “neutral” rating and a $95.00 price objective for the company. Jefferies Financial Group boosted their price objective on shares of Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a report on Tuesday, April 14th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.92.

Crown Castle Stock Performance

CCI stock opened at $74.94 on Thursday. Crown Castle has a one year low of $73.75 and a one year high of $113.80. The firm has a market cap of $32.71 billion, a PE ratio of 38.04, a PEG ratio of 0.38 and a beta of 0.95. The firm’s 50 day moving average price is $84.38 and its 200-day moving average price is $85.74.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.55. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.41 million. Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 earnings per share. Equities research analysts predict that Crown Castle will post 4.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Crown Castle

Large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC increased its position in shares of Crown Castle by 7.5% during the first quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust’s stock worth $1,714,000 after acquiring an additional 1,150 shares during the period. First Trust Advisors LP boosted its holdings in Crown Castle by 6.9% in the second quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust’s stock valued at $9,000,000 after purchasing an additional 5,630 shares during the period. Baird Financial Group Inc. boosted its holdings in Crown Castle by 3.7% in the second quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust’s stock valued at $786,000 after purchasing an additional 272 shares during the period. Jump Financial LLC grew its stake in Crown Castle by 49.3% during the 2nd quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust’s stock worth $1,121,000 after purchasing an additional 3,603 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in Crown Castle by 5.6% during the 2nd quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust’s stock worth $509,000 after purchasing an additional 261 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle News Summary

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

About Crown Castle

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.