Crown Castle Inc. (CCI)

NYSE: CCI · IEX Real-Time Price · USD
100.22
-0.53 (-0.53%)
At close: May 22, 2024, 4:00 PM
100.26
+0.04 (0.04%)
After-hours: May 22, 2024, 7:44 PM EDT
-0.53%
Market Cap 43.55B
Revenue (ttm) 6.85B
Net Income (ttm) 1.39B
Shares Out 434.52M
EPS (ttm) 3.20
PE Ratio 31.32
Forward PE 35.51
Dividend $6.26 (6.25%)
Ex-Dividend Date Mar 14, 2024
Volume 1,974,338
Open 100.45
Previous Close 100.75
Day's Range 99.73 - 100.63
52-Week Range 84.72 - 119.50
Beta 0.77
Analysts Hold
Price Target 111.60 (+11.36%)
Earnings Date Apr 17, 2024

About CCI

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. [Read more]

Sector Real Estate
IPO Date Aug 14, 1998
Employees 4,700
Stock Exchange NYSE
Ticker Symbol CCI
Full Company Profile

Financial Performance

In 2023, Crown Castle's revenue was $6.98 billion, a decrease of -0.07% compared to the previous year's $6.99 billion. Earnings were $1.50 billion, a decrease of -10.33%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for CCI stock is "Hold." The 12-month stock price forecast is $111.6, which is an increase of 11.36% from the latest price.

Price Target
$111.6
(11.36% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Crown Castle Declares Quarterly Common Stock Dividend

HOUSTON, May 22, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that its Board of Directors has declared a quarterly cash dividend of $1.565 per common share. ...

10 hours ago - GlobeNewsWire

Crown Castle founder turned activist handed strong defeat at shareholder meeting

Crown Castle founder Ted Miller's bid to secure four board seats at the telecommunications giant was resoundingly rejected by shareholders on Wednesday.

11 hours ago - CNBC

Crown Castle Announces Shareholders Have Elected All 12 of the Company's Director Nominees

HOUSTON, May 22, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle" or the “Company”) announced today that, based on preliminary information from the Company's proxy solicitor, Cro...

16 hours ago - GlobeNewsWire

Crown Castle to Present at Nareit's REITweek: 2024 Investor Conference

HOUSTON, May 21, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that Dan Schlanger, Crown Castle's Chief Financial Officer, is scheduled to present on Tuesday,...

1 day ago - GlobeNewsWire

Leading Proxy Advisory Firms Recommend Shareholders Vote “FOR” All of Crown Castle's Director Nominees

Egan-Jones joins ISS in Recommending Shareholders Vote “FOR” ONLY Crown Castle's 12 Highly Qualified Nominees on the WHITE Proxy Card or Voting Instruction Form

2 days ago - GlobeNewsWire

TED B. MILLER SENDS OPEN LETTER TO CROWN CASTLE SHAREHOLDERS

Crown Castle's Board Has Presided Over a Decade of Underperformance and Lacks the Expertise to Turn the Company Around Boots Capital's Nominees Bring the Critical Tower Industry Experience and Detaile...

5 days ago - PRNewsWire

TIME IS RUNNING OUT! VOTE TODAY FOR CRITICAL CHANGE AT CROWN CASTLE: BOOTS CAPITAL'S NOMINEES HAVE WORLD-CLASS SKILLS TO CREATE MEANINGFUL VALUE FOR SHAREHOLDERS AFTER A LOST DECADE OF UNDERPERFORMANCE

Boots is Committed to Working Collaboratively with Board and New CEO Crown Castle Board Has Presided Over the Misallocation of $22 Billion of Shareholder Capital; Total Shareholder Return Has Suffered...

6 days ago - PRNewsWire

Glass Lewis backs two dissident candidates in board fight with Crown Castle

Proxy advisory firm Glass Lewis on Tuesday recommended Crown Castle investors elect two activist director candidates, including the wireless tower owner's co-founder and former chief executive officer...

8 days ago - Reuters

LEADING PROXY ADVISORY FIRM GLASS LEWIS RECOMMENDS CROWN CASTLE SHAREHOLDERS VOTE "FOR" BOOTS CAPITAL NOMINEES TED B. MILLER AND CHARLES C.

Glass Lewis Concludes Boots Capital Presents a "Compelling Case" for Change Recommends Shareholders Elect Ted. B. Miller and Charles C.

8 days ago - PRNewsWire

Leading Independent Proxy Advisory Firm ISS Recommends Shareholders Vote “FOR” All of Crown Castle's Director Nominees

Crown Castle Urges Shareholders to Vote “FOR” ONLY Crown Castle's 12 Highly Qualified Nominees on the WHITE Proxy Card or Voting Instruction Form Today Crown Castle Urges Shareholders to Vote “FOR” ON...

9 days ago - GlobeNewsWire

Boots Capital Sends Letter to Shareholders Highlighting Crown Castle Board's Failures to Deliver Promised Changes While Presiding Over a Decade of Underperformance

Boots Capital's Highly Qualified Nominees Have the Tower Industry Experience and Operational Skillset Required to Correct the Board's Missteps and Restore Shareholder Value Reaffirms Boots Capital's P...

15 days ago - PRNewsWire

Crown Castle's Highly Qualified Board of Directors is Driving Strategic Actions to Enhance Value

Refreshed Board Has Deep Expertise in Telecom, Towers and Fiber Industries as well as C-Suite and Investment Professional Experience

15 days ago - GlobeNewsWire

BOOTS CAPITAL ENCOURAGES SHAREHOLDERS TO IGNORE CROWN CASTLE'S DISTRACTING MISREPRESENTATIONS AND JUDGE DIRECTOR CANDIDATES ON THE MERITS

Boots Capital Has Unequivocally Stated It is Not Seeking Control and is Committed to Working Collaboratively with Crown Castle's Board and New CEO, Contrary to Falsehoods Intended to Mislead Sharehold...

16 days ago - PRNewsWire

Crown Castle Files Investor Presentation Highlighting Clear Strategic Plan and Refreshed, Experienced Board to Drive Shareholder Value Creation

The Company's Board, alongside newly appointed CEO Steven Moskowitz, is taking action to improve performance, unlock value within the fiber and small cell business, and create a stronger and more valu...

19 days ago - GlobeNewsWire

Board Change at Crown Castle is Needed Urgently: Boots Capital Releases Investor Presentation

Details Crown Castle Board's Track Record of Poor Judgement, Resulting in Years of TSR and Stock Price Underperformance, Debt-Fueled Dividend, Mishandled CEO Succession, Loss of Talent, and Operationa...

21 days ago - PRNewsWire

Crown Castle Highlights Actions its Board Has Implemented to Successfully Strengthen Foundation and Position Company for Long-Term Value Creation

Urges Shareholders to Vote “FOR” ONLY Crown Castle's 12 Qualified and Experienced Director Nominees on the WHITE Proxy Card

27 days ago - GlobeNewsWire

BOOTS CAPITAL HIGHLIGHTS CROWN CASTLE'S SIGNIFICANT DESTRUCTION OF SHAREHOLDER VALUE AND FAILED OPERATIONAL STRATEGY DUE TO INEFFECTIVE LEADERSHIP

Urges Shareholders to Vote the GOLD Proxy Card "FOR" Boots Capital's Four Highly Qualified Director Nominees – Ted Miller, Charles Green, David Wheeler, and Tripp Rice – and "WITHHOLD" on ALL Crown Ca...

4 weeks ago - PRNewsWire

Crown Castle Issues Statement Regarding Ted Miller's Latest Attempt to Disrupt the Company's Momentum

HOUSTON, April 19, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) (“Crown Castle” or the “Company”) today issued the following statement:

4 weeks ago - GlobeNewsWire

Crown Castle beats site rental revenue estimates on steady demand

Wireless tower operator Crown Castle beat Wall Street estimates for first-quarter site rental revenue on Wednesday, helped by steady demand for its wireless infrastructure services.

5 weeks ago - Reuters

Crown Castle Reports First Quarter 2024 Results and Maintains Outlook for Full Year 2024

HOUSTON, April 17, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today reported results for the first quarter ended March 31, 2024 and maintained its full year 2024 outlook, ...

5 weeks ago - GlobeNewsWire

Delaware Court of Chancery Grants Expedition and Discovery in Hearing on Company's Last-Minute Expansion of Board

This is the Second Time the Board's Actions Have Presented a "Colorable Claim" Under Delaware Law Crown Castle's Board of Directors Have Shown Blatant and Cynical Disregard for Shareholders and the De...

5 weeks ago - PRNewsWire

Ted B. Miller Statement on Crown Castle Appointment of Steven J. Moskowitz as President and Chief Executive Officer

HOUSTON , April 11, 2024 /PRNewswire/ -- Ted B. Miller, co-founder and former Executive Chairman & Chief Executive Officer of Crown Castle Inc., (NYSE: CCI) ("Crown Castle" or the "Company") and his i...

5 weeks ago - PRNewsWire

Crown Castle Highlights Actions Underway to Create Stronger and More Valuable Company

Files Definitive Proxy Materials and Mails Letter to Shareholders Urges Shareholders to Vote “FOR” Only Crown Castle's 13 Qualified and Experienced Nominees on the WHITE Proxy Card Ted Miller is Seeki...

5 weeks ago - GlobeNewsWire

Crown Castle names Steven Moskowitz as CEO

Wireless tower operator Crown Castle has named Steven Moskowitz as its chief executive, effective April 11.

6 weeks ago - Reuters

Crown Castle Appoints Tower Industry Veteran Steven J. Moskowitz as President and Chief Executive Officer

Moskowitz Brings 25+ Years of Tower Industry Experience and Proven Track Record of Value Creation Moskowitz Brings 25+ Years of Tower Industry Experience and Proven Track Record of Value Creation

6 weeks ago - GlobeNewsWire