Crown Castle Investor Relations (2024)

FAQs

Is Crown Castle a good stock to buy? ›

Crown Castle's analyst rating consensus is a Moderate Buy. This is based on the ratings of 14 Wall Streets Analysts. How can I buy shares of CCI?

Common stock dividend.

During the quarter, Crown Castle paid common stock dividends of approximately $680 million in the aggregate, or $1.565 per common share, unchanged on a per share basis compared to the same period a year ago.

Crown Castle reported profits of $251 million for the second quarter of 2024, down 45% from the same period last year amid an ongoing pullback in capital expenditures by mobile network operators.

Vanguard owns the most shares of Crown Castle (CCI). What is the significance of the ownership structure for a publicly traded company?

Is Crown Castle stock a Buy, Sell or Hold? Crown Castle stock has received a consensus rating of buy. The average rating score is and is based on 30 buy ratings, 24 hold ratings, and 8 sell ratings.

Total debt on the balance sheet as of June 2024 : $29.38 B

According to Crown Castle's latest financial reports the company's total debt is $29.38 B. A company's total debt is the sum of all current and non-current debts.

Crown Castle moved up 17 spots on the 2020 Fortune 500 list to rank No. 496. The company's improved ranking can be attributed to its 7.3% year over year increase in revenue, which totaled $5.76 billion.

On July 19, 2017, Crown Castle signed an agreement to acquire Lightower, a fiber network operator in the northeast U.S., for approximately $7.1 billion. The transaction increased Crown Castle's fiber network to approximately 60,000 route miles.

Summary. Crown Castle faces pressure from activist investors to sell their fiber business. Management underwent their operational review and is currently working through their strategic review. Crown Castle recently lowered their eFY24 forecast and laid off 10% of their workforce to manage down costs.

Who owns Crown Castle? ›

Boots Capital acquired the majority of its ownership position in Crown Castle after Elliott's disclosure in November 2023 , and Boots Capital has indicated that approximately 80% of its position consists of call options that expire in 10 months.

“As a result of the modified strategy the company is placing on small cell and fiber solutions investments going forward, Crown Castle expects to reduce gross capital expenditures in its fiber segment by $275 million [or 46%] to $325 million in 2024 and is reducing staffing levels by more than 10% from current levels,” ...

REITs have started to make a comeback, and Crown Castle is a prime example of this trend. Despite recent challenges, including non-recurring revenue declines and Sprint cancellations, CCI has shown strong organic growth in its tower and fiber segments.

With our network of over 40,000 cell towers across the country, we can help find the right solution for your needs.

Crown Castle has acquired three main companies since Crown Castle became an REIT in 2014 and has doubled in size from acquiring Wilcon in 2017.

Stock to Watch: Crown Holdings (CCK)

CCK is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Momentum investors should take note of this Industrial Products stock. CCK has a Momentum Style Score of B, and shares are up 11.4% over the past four weeks.

Crown Castle Inc. ( CCI ) pays dividends on a quarterly basis.

According to our Crown Castle International stock prediction for 2030, CCI stock will be priced at $ 194.13 in 2030. This forecast is based on the stock's average growth over the past 10 years.