Why Is Crown Castle Stock Surging Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 14 2025
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Source: Benzinga
Crown Castle's Fiber Segment Sale: Crown Castle Inc. announced a deal to sell its Fiber segment for $8.5 billion, with EQT Corporation acquiring the small cells business and DigitalBridge Group taking over the fiber solutions division. The proceeds will be used to repay debt and fund a $3.0 billion share repurchase program.
Quarterly Results and Future Outlook: In its fourth quarter, Crown Castle reported FFO of $1.80 and sales of $1.65 billion, slightly missing and exceeding estimates respectively. The company expects to reduce its annualized dividend starting in FY25 and anticipates organic growth in towers as demand for 5G networks increases.
Analyst Views on DTCR
Wall Street analysts forecast DTCR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DTCR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 23.630
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
