Crown Castle Inc (NYSE: CCI): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Crown Castle Co-Founder Ted B. Miller Issues Statement on Crown Castle’s Rewrite of Cooperation Agreement with Elliott.

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Stocks Info

CCI belongs to the Real Estate sector of the NYSE while operating in the REIT – Specialty industry. The current market capitalization of Crown Castle Inc is $48.98B. A total of 2.37 million shares were traded on the day, compared to an average of 3.27M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CCI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 5 BUYs and 5 SELLs from insiders. Insiders purchased 4,588 shares during that period but sold 25,258.

In the most recent transaction, Collins Robert Sean sold 1,500 shares of CCI for 114.16 per share on Dec 14. After the transaction, the Vice President and Controller now owns 10,035 company shares. In a previous transaction on May 02, Stephens Kevin A bought 1,000 shares at 118.00 per share. CCI shares that Director owns now total 15,416.

Among the insiders who sold shares, Nichol Laura B disposed of 5,000 shares on Apr 27 at a per-share price of $120.97. This resulted in the EVP – Business Support holding 16,782 shares of CCI after the transaction. In another insider transaction, Levendos Christopher sold 14,472 shares at $124.04 per share on Apr 25. Company shares held by the EVP & COO – Fiber now total 4,759.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Crown Castle Inc pays an annual dividend of $6.26, resulting in a dividend yield of 5.55%, and it has a price to earnings (P/E) ratio of 32.66. CCI’s most recent ex-dividend date was 3/14/2024 when it declared a $1.5650 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/14/2023. The CCI stock dividend was $1.5650 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CCI has a high of $136.29 and a low of $84.72.

As of this writing, CCI has an earnings estimate of $0.7 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.77 per share and a lower estimate of $0.65. The company reported an EPS of $0.61 in the last quarter, which was -21.80% lower than expectations of $0.78.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CCI’s latest balance sheet shows that the firm has $292.00M in Cash & Short Term Investments as of fiscal 2021. There were $27.01B in debt and $2.03B in liabilities at the time. Its Book Value Per Share was $14.70, while its Total Shareholder’s Equity was $8.26B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CCI is Buy with a score of 3.69.

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