Crown Castle Reports Third Quarter 2021 Results, Provides Outlook for Full Year 2022 and Announces 11% Increase to Common Stock Dividend
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Go back to Crown Castle Reports Third Quarter 2021 Results, Provides Outlook for Full Year 2022 and Announces 11% Increase to Common Stock Dividend
October 22, 2021 8:56 AM EDT
Goldman Sachs analyst Brett Feldman lowered the price target on Crown Castle (NYSE: CCI) to $183.00 (from $190.00) while maintaining a Neutral rating following results.
Ongoing tower strength offset by small cell weakness...
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October 20, 2021 4:17 PM EDT
Crown Castle (NYSE: CCI) reported Q3 EPS of $0.81, $0.05 better than the analyst estimate of $0.76. AFFO was $1.77.
"We delivered strong results in the third quarter and increased our annualized common stock dividend by approximately 11% to $5.88 per share," stated Jay Brown, Crown Castles Chief Executive Officer. "The dividend increase is supported by the expected combined growth in 2021 and 2022, and represents the second-consecutive year of dividend growth that meaningfully exceeds our long-term growth target of 7% to 8% per year. We are generating this level of growth as a result of a robust tower leasing... More
