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Crown Castle Declares $1.0625 Dividend → Bernstein Initiates Outperform at $102, Moderate Buy

Crown Castle declared its quarterly dividend of $1.0625 per share and received an Outperform initiation from Bernstein with a $102 price target, as the cell tower REIT navigates the strategic review process following shareholder pressure to sell its fiber business. Analysts hold a moderate Buy consensus with an average price target of $100.13. Risks include potential capital return reduction if the fiber segment sale proceeds at a discount, ongoing competition from American Tower and SBA Communications, and slower-than-expected 5G network densification spending by wireless carriers.