Investors need to pay close attention to Crown Castle (CCI) stock based on the movements in the options market lately.
Crown Castle Inc. (NYSE:CCI ) Bank of America 2024 Media, Communications & Entertainment Conference September 4, 2024 11:20 AM ET Company Participants Dan Schlanger - CFO Conference Call Participants David Barden - Bank of America David Barden Everybody, thank you so much for joining. We're really happy to have here again this year, Dan Schlanger, Chief Financial Officer for Crown Castle.
I recommend owning 10-20 diversified REITs, considering risk tolerance, and including REIT preferreds or bonds for a balanced portfolio. Sun Communities shows strong growth in manufactured housing and marinas, with potential for substantial dividend boosts and 20-25% annual returns. Crown Castle offers a compelling 5G investment opportunity with a 5.6% dividend yield, despite a high payout ratio and short-term AFFO challenges.
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 high dividend payout.
The REITs (Real Estate Investment Trusts) are worth checking out if you're looking to get paid handsome distributions while you wait for the Federal Reserve to finally cut interest rates. Undoubtedly, capital-intensive REITs stand out as big winners as rates fall.
Crown Castle's (CCI) Q2 results reflect a fall in net revenues. High interest expense is a concern.
While the top- and bottom-line numbers for Crown Castle (CCI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Crown Castle Inc. (NYSE:CCI ) Q2 2024 Earnings Conference Call July 17, 2024 5:00 PM ET Company Participants Kris Hinson - VP, Corporate Finance & Treasurer Steven Moskowitz - President & CEO Daniel Schlanger - CFO Conference Call Participants Simon Flannery - Morgan Stanley Michael Rollins - Citi David Barden - Bank of America Ric Prentiss - Raymond James Jim Schneider - Goldman Sachs Nick Del Deo - MoffettNathanson Richard Choe - JPMorgan Ari Klein - BMO Capital Markets Matt Niknam - Deutsche Bank Batya Levi - UBS Eric Luebchow - Wells Fargo Walter Piecyk - LightShed Brandon Nispel - KeyBanc Capital Markets Brendan Lynch - Barclays Operator Good day and welcome to the Crown Castle Second Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.
While the top- and bottom-line numbers for Crown Castle (CCI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Crown Castle (CCI) came out with quarterly funds from operations (FFO) of $1.62 per share, missing the Zacks Consensus Estimate of $1.65 per share. This compares to FFO of $2.05 per share a year ago.
Crown Castle (CCI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Crown Castle (CCI) is set to gain from its unmatched portfolio of wireless communication infrastructure assets despite a slowdown in tower activity and high interest expenses in the second quarter.