Moffett Nathanson Issues Pessimistic Forecast for Crown Castle (NYSE:CCI) Stock Price

Crown Castle (NYSE:CCI) had its price target lowered by Moffett Nathanson from $127.00 to $105.00 in a research note released on Thursday.

Several other equities analysts also recently commented on CCI. Royal Bank of Canada upped their price target on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. TD Cowen reduced their price target on Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Scotiabank dropped their price objective on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a report on Thursday. UBS Group increased their target price on Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group boosted their target price on shares of Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Crown Castle currently has a consensus rating of “Hold” and an average target price of $109.80.

Crown Castle Stock Up 0.2 %

NYSE CCI opened at $88.62 on Thursday. Crown Castle has a 52 week low of $84.20 and a 52 week high of $120.92. The firm has a market capitalization of $38.51 billion, a price-to-earnings ratio of 31.43 and a beta of 0.87. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The company has a fifty day moving average of $95.88 and a two-hundred day moving average of $105.47.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $1.565 per share. The ex-dividend date was Friday, December 13th. This represents a $6.26 dividend on an annualized basis and a yield of 7.06%. Crown Castle’s dividend payout ratio is currently 221.99%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Catalyst Capital Advisors LLC bought a new stake in Crown Castle during the third quarter valued at about $25,000. Rosenberg Matthew Hamilton boosted its holdings in shares of Crown Castle by 107.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 136 shares in the last quarter. FNY Investment Advisers LLC grew its position in shares of Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 300 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Crown Castle during the 3rd quarter worth approximately $47,000. Finally, Friedenthal Financial purchased a new stake in Crown Castle during the third quarter valued at approximately $50,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.