Streetbeat News

CCI

Crown Castle Inc.

https://www.crowncastle.com

Industry

REIT - Specialty

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 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. For more information on Crown Castle, please visit www.crowncastle.com.

Open

102.80

Mkt cap

45B

Volume

2.3M

High

104.16

P/E Ratio

36.81

52-wk high

120.92

Low

102.70

Div yield

0.06

52-wk low

92.48

Over the past 20 years, Crown Castle (NYSE:CCI) has delivered an average annual return of 11.25%, outperforming the market by 3.47% annually. With a current market capitalization of $47.73 billion, an initial investment of $1000 in CCI 20 years ago would now be worth $8,305.37.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 7:01 pm

Analysts have recently updated their evaluations of Crown Castle (NYSE:CCI), with a consensus indicating a neutral stance but raising their 12-month price targets to an average of $111.0, up from $96.33. This adjustment reflects a more optimistic view of the company's future performance. Crown Castle, a major player in the U.S. cell tower and fiber sectors, has shown solid financials, including a revenue growth rate of 0.42% and a net margin of 21.57%, despite a challenging competitive environment.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 4:00 pm

RBC Capital analyst Jonathan Atkin has maintained a 'Sector Perform' rating on Crown Castle (NYSE:CCI) and increased the price target from $92 to $109.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:17 pm

Crown Castle Inc. (CCI) has rejected a slate of directors nominated by Ted Miller's Boots Capital for its Board, focusing instead on a CEO search and a strategic review of its fiber business. The company has made significant progress, including appointing three new independent directors and initiating a comprehensive review of its fiber operations with the help of top advisors. CCI's Board will present its formal recommendation for the election of directors at the 2024 Annual Meeting of Stockholders scheduled for May 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:40 pm

Bridgewater Associates, led by Ray Dalio, adjusted its portfolio in Q4 2023, making significant investments in tech and pharma sectors. New positions include AAPL, ORCL, CCI, CTRA, WFC, DAL, and LLY. The fund exited NFLX, TMO, MCHP, AKAM, and CEG. Notably, Bridgewater increased its NVDA stake by 458%, reflecting confidence in the tech sector, alongside investments in META, MSFT, and additional shares in GOOG. These strategic moves indicate a diversification and a bullish outlook on tech and healthcare.

Portfolio Pulse from Surbhi Jain

February 15, 2024 | 6:39 pm

Ted Miller, co-founder of Crown Castle, has nominated himself and three others for seats on the company's board, according to The Wall Street Journal. This move suggests potential shifts in governance and strategy at one of the largest wireless tower companies.

Portfolio Pulse from Charles Gross

February 15, 2024 | 9:42 am

REIT shares are trading lower due to an increase in Treasury yields, potentially causing investors to rotate out of income-paying stocks.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 6:46 pm

Over the past 20 years, Crown Castle (NYSE:CCI) has produced an average annual return of 11.56%, outperforming the market by 3.93% on an annualized basis. A $100 investment in CCI 20 years ago would be worth $894.79 today. Crown Castle currently has a market capitalization of $47.01 billion. This showcases the significant impact of compounded returns on cash growth over time.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 7:30 pm

Over the past 20 years, Crown Castle (NYSE:CCI) has delivered an average annual return of 11.53%, outperforming the market. A $100 investment in CCI 20 years ago would be worth $888 today. Crown Castle currently holds a market cap of $48.59 billion.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 7:06 pm

Crown Castle reported Q4 financial results that exceeded expectations and reaffirmed its FY24 guidance, leading to a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:24 pm

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