에 대한 최신 뉴스 Crown Castle (NYSE:CCI) 주식

Crown Castle

Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 90,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest us cities. The company has a very concentrated customer base, with about 75% of its revenue coming from the big three us mobile carriers. Crown Castle operates as a real estate investment trust.

Crown Castle Intl

Crown Castle Inc

Carlyle Credit Income Fund 8.75% Series A Preferred Shares due 2028

Carlyle Credit Income Fund

Carlyle Credit Income Fund Shares of Beneficial Interest

CCIF Acquisition Corp

Cohen Circle Acquisition Corp. I

Cohen Circle Acquisition Corp I

Churchill Capital Corp IX - Ordinary Shares

Churchill Capital Corp IX

Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) has outperformed the market over the past 20 years by 2.1% on an annualized basis producing an average annual return of 10.52%. Currently, Crown Castle has a market capitalization of $51.07 billion. 
Buying $1000 In CCI: If an investor had bought $1000 of CCI stock 20 years ago, it would be worth $7,489.89 today based on a price of $117.52 for CCI at the time of writing.
<h3>Crown Castle's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727883106_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Trading Ideas

$1000 Invested In This Stock 20 Years Ago Would Be Worth $7,500 Today

Zayo Group And TPG Are Bidding For Crown Castle's Fiber And Wireless Assets That Could Be Worth Nearly $10B

Goldman Sachs analyst Brett Feldman maintains Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) with a Neutral and raises the price target from $105 to $120.

Price Target

Analyst Ratings

Goldman Sachs Maintains Neutral on Crown Castle, Raises Price Target to $120

In the preceding three months, 8 analysts have released ratings for Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>), presenting a wide array of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $112.12, along with a high estimate of $127.00 and a low estimate of $104.00. This current average has increased by 2.99% from the previous average price target of $108.86. 
<img src="https://www.benzinga.com/files/images/story/2024/1727107211_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Crown Castle. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Richard Choe</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$124.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>David Barden</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$115.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Jonathan Atkin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$104.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Matthew Niknam</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$105.00</td>
<td>$103.00</td>
</tr>
<tr>
<td>Ari Klein</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$108.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>David Barden</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$110.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Gregory Williams</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$127.00</td>
<td>$124.00</td>
</tr>
<tr>
<td>Brett Feldman</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Neutral</td>
<td>$104.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Crown Castle. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Crown Castle compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Crown Castle's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Crown Castle's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CCI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Crown Castle analyst ratings.</a>
<h2>About Crown Castle</h2>
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 90,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest us cities. The company has a very concentrated customer base, with about 75% of its revenue coming from the big three us mobile carriers. Crown Castle operates as a real estate investment trust.
<h3>Financial Milestones: Crown Castle's Journey</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Decline in Revenue: Over the 3 months period, Crown Castle faced challenges, resulting in a decline of approximately -12.91% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: Crown Castle's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 15.44%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Crown Castle's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 4.29%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.66%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Crown Castle's debt-to-equity ratio is notably higher than the industry average. With a ratio of 5.2, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 8 Analyst Recommendations For Crown Castle

JP Morgan analyst Richard Choe maintains Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) with a Neutral and raises the price target from $115 to $124.

JP Morgan Maintains Neutral on Crown Castle, Raises Price Target to $124

Vornado Realty Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vno#NYSE">VNO</a>), with Medline, recently announced an agreement to increase Medline&#39;s presence at THE MART by 110,000 square feet. The long-term lease agreement with Vornado will run until 2036.
This expansion positions Medline as one of the largest tenants at Vornado&#39;s 3.7-million-square-foot property in downtown Chicago. Medline is set to increase its office space in THE MART from 51,000 to 161,000 square feet, expanding to a single, contiguous area that will occupy the majority of the 12th floor.
Headquartered in Northfield, IL, Medline is the largest manufacturer of medical-surgical products in the healthcare sector, as well as a provider of supply chain services and clinical solutions partner. The company enhances clinical, financial and operational results across various care settings, including large healthcare systems, independent physician practices, to home health patients and their families.
<h2>About Vornado&#39;s THE MART</h2>
Encompassing two entire city blocks, THE MART is the home for Chicago&#39;s technological innovative companies. This 25-story building stands as the largest and most important center for design in North America, featuring more than 250 premier design showrooms that provide the latest resources for both residential and commercial markets.
In the second quarter of 2024, at THE MART, 32,000 square feet of space (all at share) was leased for an initial rent of $56.39 per square foot and a weighted average lease term of 7.2 years. The tenant improvements and leasing commissions were $7.86 per square foot per annum or 13.9% of the initial rent.
Per Glen Weiss, executive vice president and co-head of Real Estate at Vornado, &quot;With its prime location and unrivaled amenity program, THE MART aligns perfectly with Medline&#39;s needs and continues to be a major bright spot in the Chicago office market.&quot;
<h2>Wrapping Up</h2>
Vornado&#39;s focus on having assets in such a few select high-rent, high barrier-to-entry geographic markets and its diversified tenant base, including Medline, are expected to drive steady cash flows and fuel its growth over the long term.
Over the past three months, shares of this Zacks Rank #3 (Hold) company have gained 51.1%, outperforming the industry&#39;s growth of 19.7%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f1/78527.jpg?v=1336445420" />
Image Source: Zacks Investment Research
<h2>Stocks to Consider</h2>
Some better-ranked stocks from the broader REIT sector are Crown Castle Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cci#NYSE">CCI</a>) and Four Corners Property Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fcpt#NYSE">FCPT</a>), each carrying a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Crown Castle&#39;s 2024 funds from operation (FFO) per share has moved marginally northward over the past two months to $6.97.
The Zacks Consensus Estimate for Four Corners&#39; current-year FFO per share has been raised marginally over the past month to $1.73.
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2338738/medline-to-expand-at-vornado-realty-s-the-mart-by-110-000-square-feet?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2338738">To read this article on Zacks.com click here.</a>

Large Cap

Mid Cap

REIT

Health Care

Markets

General

Real Estate

FCPT

Medline to Expand at Vornado Realty's THE MART by 110,000 Square Feet

Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) has outperformed the market over the past 20 years by 2.52% on an annualized basis producing an average annual return of 10.98%. Currently, Crown Castle has a market capitalization of $51.83 billion. 
Buying $1000 In CCI: If an investor had bought $1000 of CCI stock 20 years ago, it would be worth $8,304.56 today based on a price of $119.26 for CCI at the time of writing.
<h3>Crown Castle's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726520474_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Crown Castle 20 Years Ago Would Be Worth This Much Today

Investors with a lot of money to spend have taken a bearish stance on Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CCI, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Crown Castle.
This isn't normal.
The overall sentiment of these big-money traders is split between 22% bullish and 55%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $85,248, and 8, calls, for a total amount of $402,750.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $125.0 for Crown Castle during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Crown Castle stands at 2213.86, with a total volume reaching 3,812.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Crown Castle, situated within the strike price corridor from $60.0 to $125.0, throughout the last 30 days.
<h3>Crown Castle Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726172234_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$14.7</td>
<td>$14.4</td>
<td>$14.69</td>
<td>$125.00</td>
<td>$85.2K</td>
<td>9</td>
<td style="text-align: right;">59</td>
</tr>
<tr>
<td>CCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$18.9</td>
<td>$18.5</td>
<td>$18.7</td>
<td>$100.00</td>
<td>$65.4K</td>
<td>585</td>
<td style="text-align: right;">60</td>
</tr>
<tr>
<td>CCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.65</td>
<td>$2.6</td>
<td>$2.6</td>
<td>$120.00</td>
<td>$65.0K</td>
<td>8.5K</td>
<td style="text-align: right;">410</td>
</tr>
<tr>
<td>CCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$59.8</td>
<td>$59.0</td>
<td>$59.1</td>
<td>$60.00</td>
<td>$59.1K</td>
<td>10</td>
<td style="text-align: right;">52</td>
</tr>
<tr>
<td>CCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$16.5</td>
<td>$16.1</td>
<td>$16.26</td>
<td>$105.00</td>
<td>$56.9K</td>
<td>84</td>
<td style="text-align: right;">35</td>
</tr>
</tbody>
</table>

<h3>About Crown Castle</h3>
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 90,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest us cities. The company has a very concentrated customer base, with about 75% of its revenue coming from the big three us mobile carriers. Crown Castle operates as a real estate investment trust.
Following our analysis of the options activities associated with Crown Castle, we pivot to a closer look at the company's own performance.
<h3>Current Position of Crown Castle</h3>
<ul>
<li>Trading volume stands at 2,182,446, with CCI's price down by -0.89%, positioned at $119.07.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 34 days.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Crown Castle, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Crown Castle Unusual Options Activity For September 12

Crown Castle's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) short percent of float has risen 11.63% since its last report. The company recently reported that it has 5.44 million shares sold short, which is 1.44% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.31 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Crown Castle Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724956221_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Crown Castle has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Crown Castle's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Crown Castle's peer group average for short interest as a percentage of float is 4.19%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(CCI) - Analyzing Crown Castle's Short Interest

Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) has outperformed the market over the past 20 years by 2.54% on an annualized basis producing an average annual return of 10.93%. Currently, Crown Castle has a market capitalization of $49.13 billion. 
Buying $1000 In CCI: If an investor had bought $1000 of CCI stock 20 years ago, it would be worth $7,872.56 today based on a price of $113.05 for CCI at the time of writing.
<h3>Crown Castle's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724781616_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Editor's Note: This article has been updated to reflect that the data was released on Wednesday.
Positive news has emerged for U.S. homebuyers navigating the housing market, as the average interest rate on 30-year fixed-rate mortgages with conforming loan balances (up to $766,550) declined to 6.50% in the week ending Aug. 16, according to data released Wednesday by <a href="https://www.benzinga.com/topic/mortgages">the Mortgage Bankers Association. </a>
This represents the lowest level since early May 2023. The decrease in mortgage rates aligns with a dip in long-term Treasury yields, influenced by market expectations of multiple rate cuts from the Federal Reserve this year.
Last week, the 30-year Treasury yield dropped by 7 basis points, currently on track for a fourth straight month of declines. Month-to-date the long-dated Treasury bond has seen its yields tumble by about 25 basis points to the current 4.05%. 
<h3 class="wp-block-heading">Mortgage Applications Dip As Homebuyers Take A Breather</h3>
However, this rate drop did not translate into an increase in mortgage application activity. 
After two consecutive weeks of robust growth, mortgage applications fell sharply, signaling that many potential homebuyers are still in a holding pattern, likely waiting for more clarity on the Federal Reserve&#8217;s future policy direction, which could be hinted at during the upcoming Jackson Hole Symposium.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40466528/jackson-hole-preview-5-important-questions-ahead-of-jerome-powells-fed-speech">Jackson Hole Preview: 5 Important Questions Ahead Of Jerome Powell&#8217;s Fed Speech</a>
Despite the reduced 30-year fixed mortgage rate, overall mortgage applications saw a 10.1% decline compared to the previous week, partially erasing the robust 25% gain recorded over the prior two weeks.
Refinance applications, which tend to be more sensitive to fluctuations in interest rates, dropped by 15%, cutting into the 35% surge observed in the previous week.
Similarly, applications for home purchase mortgages fell by 5%, building on the 8% decline from the prior week. 
<h3 class="wp-block-heading">Thursday&#8217;s Real Estate Stock Movers </h3>
The broader real estate sector, as tracked by the Real Estate&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>), was up 0.3% during Thursday premarket trading, on track to notch the highest level since September 2022. 
The Top-performing stock within the XLRE ETF was CBRE Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>), up 1.1%.
Taking a closer look at mortgage-linked industries, the iShares Residential and Multisector Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REZ#NYSE">REZ</a>) was flat, after closing Tuesday at the highest level since mid-September 2022.
Major premarket gainers within the REZ ETF included Healthcare Realty Trust Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HR#NYSE">HR</a>), up 1.3%, Sabra Health Care REIT, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBRA#NYSE">SBRA</a>), up 1.1%, and Universal Health Realty Income Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHT#NYSE">UHT</a>), up 13%
Other mortgage sensitive stocks, such as Redfin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>) and Zillow Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>), were 1.2% and 0.2% higher, respectively. 
Read Next:
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Image created using artificial intelligence via Midjourney.

Equities

Macro Economic Events

Sector ETFs

Small Cap

Econ #s

Economics

Federal Reserve

ETFs

CBRE

RDFN

iShares FTSE NAREIT Residential PLUS Capped Index Fund

SBRA

XLRE

30-Year Mortgage Rates Hit 15-Month Low, But Applications Pull Back After Recent Spikes: Real Estate Stocks React Wednesday (CORRECTED)

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer praised PayPal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>). 
&#8220;The financial techs have come back in style, and Alex Chriss [CEO of PayPal] is a very good manager,&#8221; he said.
On Aug. 20, PayPal expanded its strategic partnership with Adyen to offer Fastlane in the U.S.
Cramer also recommends buying Flutter Entertainment plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>), the parent company of <a href="https://www.benzinga.com/news/earnings/24/08/40353257/fanduel-parent-flutter-entertainment-stock-climbs-on-q2-results-raises-guidance-what-to-know">sports betting app FanDuel</a>.
&#8220;As you get closer to football season, we start seeing a lot of daily fantasy, we start seeing a lot of people playing, betting on these gains, he said. &#8220;This could be very good for Flutter, which is a very well-run company.&#8221;
On Aug. 13, Flutter Entertainment reported earnings of $2.61 per share, up from $1.67 year-over-year, and revenue of $3.611 million, up from $3.001 million from the same period last year. The company reported a total online gross gaming revenue (GGR) market share of 38% including sportsbook GGR share of 47%, net gaming revenue share (NGR) of 51% and iGaming GGR share of 25%.
&#8220;That is just such a dice roll,&#8221; when asked about Liquidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>). &#8220;This one is just too much of, what I would say, a black box.&#8221;
The &#8220;Mad Money&#8221; host is not a fan of Crown Castle Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>). &#8220;Not enough well-run management there,&#8221; he added.
On Aug. 1, Crown Castle announced the pricing of senior notes offering.
Cramer said ring the register on AST SpaceMobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>).
AST SpaceMobile recently said its first five commercial satellites are on target for orbital launch in the first half of September.
Price Action:
<ul>
<li>Flutter shares fell 1.7% to settle at $204.85 on Tuesday.</li>
<li>AST SpaceMobile shares fell 11.1% to close at $34.32.</li>
<li>PayPal shares gained 3.5% to settle at $71.89 on Tuesday.</li>
<li>Liquidia shares fell 1.9% to close at $9.60 during Tuesday's session.</li>
<li>Crown Castle shares rose 0.4% to close at $109.98 on Tuesday.</li>
</ul>
Read Next:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40461302/top-3-tech-stocks-which-could-rescue-your-portfolio-this-quarter"> </a>
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40461302/top-3-tech-stocks-which-could-rescue-your-portfolio-this-quarter">Top 3 Tech Stocks Which Could Rescue Your Portfolio This Quarter</a></li>
</ul>
Image: Courtesy of PayPal

Long Ideas

Media

ASTS

FLUT

LQDA

PYPL

Jim Cramer Praises PayPal CEO Alex Chriss: 'Financial Techs Have Come Back In Style'

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the real estate sector.
<h3 class="wp-block-heading">Simon Property Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>)</h3>
<ul>
<li>Dividend Yield: 5.19%</li>
<li>Stifel analyst Simon Yarmak maintained a Buy rating and raised the price target from $152 to $157.5 on Aug. 6. This analyst has an accuracy rate of 65%.</li>
<li>Argus Research analyst Jacob Kilstein maintained a Buy rating and boosted the price target from $157 to $168 on June 11. This analyst has an accuracy rate of 63%.</li>
<li>Recent News: On Aug. 5, Simon Property Group reported better-than-expected second-quarter revenues, raised its dividend and issued strong FY24 guidance.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to <a href="https://pro.benzinga.com/dashboard">latest SPG news</a></li>
</ul>
<h3 class="wp-block-heading">Crown Castle Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>)</h3>
<ul>
<li>Dividend Yield: 5.73%</li>
<li>B of A Securities analyst David Barden maintained a Neutral rating and boosted the price target from $110 to $115 on Aug. 13. This analyst has an accuracy rate of 69%.</li>
<li>Deutsche Bank analyst Matthew Niknam maintained a Hold rating and raised the price target from $103 to $105 on July 23. This analyst has an accuracy rate of 63%.</li>
<li>Recent News: On Aug. 7, Crown Castle declared a quarterly cash dividend of $1.565 per common share.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://pro.benzinga.com/dashboard">trend in CCI stock.</a></li>
</ul>
<h3 class="wp-block-heading">VICI Properties Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VICI#NYSE">VICI</a>)</h3>
<ul>
<li>Dividend Yield: 5.23%</li>
<li>Wells Fargo analyst Heather Bellini maintained an Overweight rating and cut the price target from $34 to $32 on March 6. This analyst has an accuracy rate of 76%.</li>
<li>Mizuho analyst Vikram Malhorta maintained a Buy rating and raised the price target from $32 to $33 on Jan. 10. This analyst has an accuracy rate of 61%.</li>
<li>Recent News: On July 31, VICI Properties posted better-than-expected quarterly sales.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential b<a href="https://pro.benzinga.com/dashboard">reakout in VICI shares</a>.</li>
</ul>

<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read More:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40394036/jim-cramer-recommends-buying-clorox-ceo-has-done-remarkable-job"> </a>
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40394036/jim-cramer-recommends-buying-clorox-ceo-has-done-remarkable-job">Jim Cramer Recommends Buying Clorox: &#8216;CEO Has Done Remarkable Job&#8217;</a></li>
</ul>

Dividends

Pre-Market Outlook

VICI

Wall Street's Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 5% Dividend Yields

Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) has outperformed the market over the past 20 years by 2.71% on an annualized basis producing an average annual return of 10.99%. Currently, Crown Castle has a market capitalization of $48.07 billion. 
Buying $1000 In CCI: If an investor had bought $1000 of CCI stock 20 years ago, it would be worth $8,060.07 today based on a price of $110.61 for CCI at the time of writing.
<h3>Crown Castle's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723645852_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Crown Castle 20 Years Ago Would Be Worth Today

Analysts' ratings for Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) over the last quarter vary from bullish to bearish, as provided by 8 analysts.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $112.38, a high estimate of $127.00, and a low estimate of $104.00. Witnessing a positive shift, the current average has risen by 2.03% from the previous average price target of $110.14.
<img src="https://www.benzinga.com/files/images/story/2024/1723575720_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Crown Castle. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Barden</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$115.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Jonathan Atkin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$104.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Matthew Niknam</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$105.00</td>
<td>$103.00</td>
</tr>
<tr>
<td>Ari Klein</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$108.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>David Barden</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$110.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Gregory Williams</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$127.00</td>
<td>$124.00</td>
</tr>
<tr>
<td>Brett Feldman</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Neutral</td>
<td>$104.00</td>
<td>-</td>
</tr>
<tr>
<td>Ric Prentiss</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$126.00</td>
<td>$124.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Crown Castle. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Crown Castle compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Crown Castle's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Crown Castle's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CCI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Crown Castle analyst ratings.</a>
<h2>All You Need to Know About Crown Castle</h2>
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 90,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest us cities. The company has a very concentrated customer base, with about 75% of its revenue coming from the big three us mobile carriers. Crown Castle operates as a real estate investment trust.
<h3>A Deep Dive into Crown Castle's Financials</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Negative Revenue Trend: Examining Crown Castle's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -12.91% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: Crown Castle's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 15.44%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Crown Castle's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 4.29%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.66%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 5.2, caution is advised due to increased financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

B of A Securities analyst David Barden maintains Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) with a Neutral and raises the price target from $110 to $115.

B of A Securities Maintains Neutral on Crown Castle, Raises Price Target to $115

Gladstone Commercial Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/good#NASDAQ">GOOD</a>) recently sold its two medical office properties in the Atlanta MSA at a cap rate of 5.97%. The properties, which were leased to Northside Hospital, encompassed 26,331 square feet of space.
GOOD shares were up marginally in Friday&#39;s regular trading session on the Nasdaq.
The REIT realized a leveraged internal rate of return of around 13.2% on the properties, which were acquired as part of an eight-property portfolio transaction in 2007. The move comes as part of Gladstone Commercial&#39;s capital recycling efforts, allowing the company to redeploy capital into industrial real estate.
Per Buzz Cooper, the president of Gladstone Commercial, &quot;This sale is a strong outcome for the legacy portfolio and reinforces our overall migration to the industrial sector.&quot;
GOOD is focused on expanding on the buyouts of high-quality industrial assets in strong growth corridors leased to tenants with solid credit profiles. In line with this, in May, Gladstone Commercial acquired a 142,125-square-foot industrial manufacturing, distribution and service facility located on 115 acres in Warfordsburg, PA, for $11.7 million at a GAAP capitalization rate of 12.3%.
Gladstone Commercial also collected 100% of cash rents during April, May and June, underscoring the robustness of its tenant base. The strong occupancy rate of 98.5% as of Jun 30, 2024 is a testament to the trust tenants place in the company&#39;s properties and management.
Given the strong demand for industrial real estate, the maximization of value through non-core asset dispositions and the redeploying of proceeds for the selective re-positioning of GOOD&#39;s portfolio with a more industrial focus augur well for its long-term growth.
Gladstone Commercial currently carries a Zacks Rank #2 (Buy). The stock has rallied 19.1%, outperforming the industry&#39;s growth of 10.3% in the past six months.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/bd/74022.jpg?v=1830761304" />
Image Source: Zacks Investment Research
<h3>Other Stocks to Consider</h3>
Some other top-ranked stocks from the REIT sector are Lamar Advertising (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lamr#NASDAQ">LAMR</a>) and Crown Castle Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cci#NYSE">CCI</a>), each carrying a Zacks Rank #2 at present.
The Zacks Consensus Estimate for Lamar Advertising&#39;s 2024 FFO per share has moved marginally northward in the past month to $8.08.
The Zacks Consensus Estimate for Crown Castle&#39;s ongoing year&#39;s FFO per share has increased marginally over the past month to $6.97.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) &mdash; a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2320760/gladstone-commercial-good-sells-georgia-medical-office-assets?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2320760">To read this article on Zacks.com click here.</a>

Earnings

GOOD

LAMR

Gladstone Commercial Sells Georgia Medical Office Assets

Crown Castle's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) short percent of float has risen 12.4% since its last report. The company recently reported that it has 5.50 million shares sold short, which is 1.45% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.75 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Crown Castle Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722973520_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Crown Castle has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Crown Castle's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Crown Castle's peer group average for short interest as a percentage of float is 4.55%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Crown Castle's Recent Short Interest

RBC Capital analyst Jonathan Atkin maintains Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) with a Sector Perform and raises the price target from $100 to $104.

RBC Capital Maintains Sector Perform on Crown Castle, Raises Price Target to $104

Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) has outperformed the market over the past 20 years by 2.14% on an annualized basis producing an average annual return of 10.53%. Currently, Crown Castle has a market capitalization of $45.16 billion. 
Buying $1000 In CCI: If an investor had bought $1000 of CCI stock 20 years ago, it would be worth $7,354.99 today based on a price of $103.94 for CCI at the time of writing.
<h3>Crown Castle's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721763023_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Crown Castle Stock In The Last 20 Years

Crown Castle ( ($CCI) ) has issued an update. Crown Castle Inc. announced the retirement of its EVP and COO–Towers, Michael J. Kavanagh, after 14 y...

Crown Castle Announces Executive Leadership Transition

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With qualities like easy real estate investments without owning, potential for passive income, and diversification, the REIT market is blooming. Against this backdrop, it could be wise to invest in solid REITs Crown Castle (CCI), VICI Properties (VICI), and W. P. Carey (WPC) for potential gains. Read on... REITs hold a wide variety of properties, earn a stable income from tenants, and are mandatorily required to distribute dividends, providing a regular income stream. These factors make REITs suitable for diversification and stable income flow for your portfolios.
Given this backdrop, fundamentally sound REITs, Crown Castle Inc. (<a href="https://stocknews.com/stock/CCI/">CCI</a>), VICI Properties Inc. (<a href="https://stocknews.com/stock/VICI/">VICI</a>), and W. P. Carey Inc. (<a href="https://stocknews.com/stock/WPC/">WPC</a>) could be investment choices with dividend yields of over 5%.
Real Estate Investment Trusts (REITs) are an investment alternative in the market that allows investors to invest in real estate without owning or managing material properties themselves. They offer broad exposure and diversified investment portfolios and provide liquidity, high potential for return, and long-term growth.
<a href="https://www.investopedia.com/terms/r/reit.asp">REITs</a> typically own and operate income-producing real estate across a wide range of properties like apartment buildings, cell towers, data centers, hotels, medical facilities, and offices. They earn from rent income and property dealings.
Owing to the rapid growth of e-commerce, the global demand for warehousing and storage facilities is continuously rising, opening more avenues for the REIT market. The REIT market is expected to grow at a <a href="https://www.technavio.com/report/reit-market-analysis">CAGR of 2.9%</a> until 2028.
Also, REITs' quality of distributing high and reliable dividends to shareholders on a regular basis makes them an appealing investment choice for investors seeking passive income. This is because REITs are required to <a href="https://www.reit.com/investing/investment-benefits-reits/reits-and-dividend-income">distribute at least 90%</a> of their taxable income to shareholders as dividends.
Considering these conducive trends, let's take a look at the fundamentals of the three best REIT stocks.
Crown Castle Inc. (<a href="https://stocknews.com/stock/CCI/">CCI</a>)
CCI operates and leases over 40,000 cell towers and nearly 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market.
On August 8, CCI's Board of Directors declared a quarterly cash dividend of $1.56 per common share. The quarterly dividend will be paid on September 30, 2024, to stockholders of record at the close of September 13, 2024.
CCI pays an annual dividend of $6.26, which translates to a yield of 5.43% at the current share price. Its four-year average dividend yield is 4.24%. Moreover, the company's dividend payouts have increased at a CAGR of 6.8% over the past five years. CCI has raised its dividends for nine consecutive years.
For the second quarter ended June 30, 2024, CCI reported net revenues of $1.63 billion, of which its total site rental revenues were $1.58 billion. The company's net income came in at $251 million and $0.58 per common share for the quarter, respectively.
Furthermore, the company's <a href="https://www.investopedia.com/terms/a/affo.asp">AFFO</a> was $704 million and $1.62 per share, respectively.
The company reiterated its full-year 2024 outlook. CCI continues to expect site rental revenues between $6.32 billion and $6.36 billion. It also expects net income of $1.12 billion - $1.19 billion and $2.59 - $2.74 per share. And its adjusted EBITDA is set to range from $4.14 billion to $4.19 billion.
For the third quarter ending September 2024, CCI's FFO is expected to increase 4.5% year-over-year to $1.68. For the fiscal year (ending December 2025), its FFO is expected to increase 1.8% year-over-year to $6.78. Also, CCI surpassed the consensus revenue estimates in three of the trailing four quarters.
Over the past six months, the stock has soared 10.3% and 19.2% over the past year to close the last trading session at $115.33.
CCI's solid outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Momentum, Sentiment, and Quality. Within the <a href="https://stocknews.com/category/reits-diversified/">REITs - Diversified</a> industry, CCI is ranked #13 out of 45 stocks.
<a href="https://stocknews.com/stock/CCI/">Click here</a> to access additional ratings of CCI (Growth, Value, and Stability).
VICI Properties Inc. (<a href="https://stocknews.com/stock/VICI/">VICI</a>)
VICI is an S&amp;P 500 experiential REIT that owns one of the largest portfolios of market-leading gaming, hospitality, and entertainment destinations, including Caesars Palace, MGM Grand, and The Venetian Resort in Las Vegas.
On September 5, VICI's Board of Directors declared a regular quarterly cash dividend of $0.43 per share of common stock for the period from July 1, 2024, to September 30, 2024, representing a 4.2% increase from the current dividend rate. The dividend is to be paid on October 3, 2024, to stockholders of record on September 18, 2024.
VICI's annual dividend of $1.73 equates to a yield of 5.23% at the current share price. Its four-year average dividend yield is 4.90%. Also, the company's dividend payouts have increased at a CAGR of 7.5% over the past three years. VICI has raised its dividend for five consecutive years.
During the second quarter that ended June 30, 2024, VICI's total revenues increased 6.5% year-over-year to $957 million. Its adjusted EBITDA attributable to common stockholders grew 7.3% from the year-ago value to $775.87 million. The company's net income was $752.75 million and $0.71 per common share, up 7.3% and 2.9% from the prior year's quarter, respectively.
In addition, the company's AFFO came in at $592.42 million and $0.57 per common share, indicating growths of 9.6% and 5.6% year-over-year, respectively.
Street expects VICI's revenue and FFO for the third quarter (ending September 2024) to increase 5.5% and 21.5% year-over-year to $954.21 million and $0.67, respectively. Further, the company has surpassed the consensus revenue estimates in each of the trailing four quarters, which is promising.
VICI's shares have gained 14.8% over the past six months and 7.9% over the past year to close the last trading session at $33.07.
VICI's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Quality, Sentiment, and Momentum. Within the <a href="https://stocknews.com/category/reits-hotel/">REITs - Hotel</a> industry, VICI has topped among the 16 stocks.
In addition to the POWR Ratings highlighted above, you can check VICI's ratings for Growth, Value, and Stability <a href="https://stocknews.com/stock/VICI/">here</a>.
P. Carey Inc. (<a href="https://stocknews.com/stock/WPC/">WPC</a>)
WPC is ranked among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, including 1,424 net lease properties covering around 173 million square feet and a portfolio of 89 self-storage operating properties.
On September 19, WPC's Board of Directors increased its quarterly cash dividend to $0.88 per share. The dividend is payable on October 15, 2024, to stockholders of record as of September 30, 2024. WPC pays an annual dividend of $3.50, which translates to a yield of 5.62% at the current share price. Its four-year average dividend yield is 5.83%.
WPC posted revenues of $389.67 million during the second quarter ended June 30, 2024. Net Income attributable to WPC and EPS amounted to $142.89 million and $0.65 for the quarter, respectively.
Also, the company's cash and cash equivalents stood at $1.08 billion as of June 30, 2024, versus $633.86 million as of December 31, 2023.
According to the company's updated guidance for the full year 2024, WPC currently expects to report AFFO between $4.63 and $4.73 per share.
Street expects WPC's revenue for the first quarter (ending March 2025) to increase 5.2% year-over-year to $410.24 million, and its FFO for the same period is expected to be $1.18. Furthermore, the company surpassed the consensus FFO estimates in three of the trailing four quarters.
WPC's stock has gained 6.6% over the past month and 10.5% over the past six months to close the last trading session at $62.24.
WPC's strong prospects are reflected in its POWR Ratings. WPC has a B grade for Quality, Sentiment, and Momentum. It is ranked #14 among the 45 stocks within the REITs - Diversified industry.
To see the other ratings of WPC for Stability, Growth and Value, <a href="https://stocknews.com/stock/WPC/">click here</a>.
What To Do Next?
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CCI shares were trading at $116.11 per share on Monday afternoon, up $0.78 (+0.68%). Year-to-date, CCI has gained 5.26%, versus a 20.54% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/cci-vici-wpc-3-real-estate-investment-trusts-reits-with-5-dividend-yields/>3 Real Estate Investment Trusts (REITs) With 5%+ Dividend Yields</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Real Estate Investment Trusts (REITs) With 5%+ Dividend Yields

Zayo, TPG competing to purchase Crown Castle fiber, wireless assets valued at $10B - Reuters

Crown Castle fiber, small cell sale at $8B-$10B will create dilution, dividend at risk - analyst

David Barden, an analyst from Bank of America Securities, maintained the Hold rating on Crown Castle (CCI – Research Report). The associated price ...

Crown Castle: Hold Rating Amid Fiber Solutions Sale Uncertainty and Market Valuation

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Press Releases

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

Crown Castle Announces Proposed Offering of Senior Notes

Crown Castle Announces Pricing of Senior Notes Offering

Crown Castle Declares Quarterly Common Stock Dividend

Crown Castle Releases 2023 ESG Report

Crown Castle to Present at the Bank of America 2024 Media, Communications & Entertainment Conference

Crown Castle to Present at Citi's 2024 Global TMT Conference

Crown Castle to Present at the Goldman Sachs 2024 Communacopia & Technology Conference

Crown Castle to Present at the 2024 RBC Capital Markets Global Communications Infrastructure Conference

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