Dividend stocks are a favorite among investors for good reason.
With 2025 now here, it's time to start thinking of how to start the year off on the right foot. For dividend lovers, there are few great options in this market, but I believe that three very solid prospects worth considering do exist. Two of these three firms have already been performing well, but further upside is very likely across the board.
Overall, most prominent Real estate investment trusts – REITs – have substantially underperformed in 2024. Indeed, since the very start of the year, these funds have been noted as lagging, particularly compared to certain sectors in the stock market.
Crown Castle (CCI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Dividend stocks are a favorite among investors for good reason. They provide a steady income stream of passive income and offer a promising avenue for total return.
Higher-yielding dividend stocks tend to be higher-risk investments. However, they can also offer higher rewards.
Crown Castle (CCI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Real Estate Investment Trusts, also known as REITs, are a type of stock market investment that provides one thing in spades: income. This is because they must distribute at least 90% of their earnings to shareholders to maintain their tax-advantaged status.
Crown Castle Inc. (NYSE:CCI ) Q3 2024 Earnings Conference Call October 16, 2024 5:00 PM ET Company Participants Kris Hinson - VP, Corporate Finance & Treasurer Steven Moskowitz - CEO Daniel Schlanger - CFO Conference Call Participants Ric Prentiss - Raymond James Simon Flannery - Morgan Stanley Michael Rollins - Citi David Barden - Bank of America Nick Del Deo - MoffettNathanson Jim Schneider - Goldman Sachs Richard Choe - JPMorgan Batya Levi - UBS Operator Good day, and welcome to the Crown Castle's Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.
Although the revenue and EPS for Crown Castle (CCI) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Crown Castle (CCI) came out with quarterly funds from operations (FFO) of $1.84 per share, beating the Zacks Consensus Estimate of $1.80 per share. This compares to FFO of $1.77 per share a year ago.
24/7 Wall St. Insights Wall Street is looking for 50 basis points of rate cuts for the rest of 2024.