Jefferies Financial Group Issues Pessimistic Forecast for Crown Castle (NYSE:CCI) Stock Price

Crown Castle (NYSE:CCI) had its target price lowered by equities research analysts at Jefferies Financial Group from $102.00 to $90.00 in a research note issued on Tuesday,MarketScreener reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 1.77% from the stock’s current price.

CCI has been the topic of several other research reports. Wells Fargo & Company decreased their price target on Crown Castle from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday. Citigroup reduced their target price on shares of Crown Castle from $124.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, October 16th. Raymond James Financial dropped their price target on shares of Crown Castle from $124.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Thursday, October 23rd. UBS Group reiterated a “buy” rating and set a $127.00 price target on shares of Crown Castle in a report on Wednesday, December 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Crown Castle in a research note on Monday. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $111.35.

Crown Castle Trading Up 0.6%

Shares of NYSE CCI opened at $88.44 on Tuesday. The stock has a market capitalization of $38.51 billion, a price-to-earnings ratio of -8.25, a P/E/G ratio of 0.66 and a beta of 0.94. Crown Castle has a 12-month low of $84.20 and a 12-month high of $115.76. The firm’s 50-day moving average price is $92.48 and its 200-day moving average price is $97.77.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.08. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 95.37%.The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.84 earnings per share. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. On average, equities analysts predict that Crown Castle will post 6.67 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Daniel K. Schlanger sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $98.08, for a total transaction of $2,942,400.00. Following the transaction, the executive vice president directly owned 65,571 shares of the company’s stock, valued at approximately $6,431,203.68. This trade represents a 31.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB boosted its holdings in Crown Castle by 0.9% in the second quarter. Wilmington Savings Fund Society FSB now owns 10,274 shares of the real estate investment trust’s stock valued at $1,055,000 after acquiring an additional 93 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in Crown Castle by 47.8% during the second quarter. Creative Financial Designs Inc. ADV now owns 303 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 98 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Crown Castle by 5.6% in the 2nd quarter. Whittier Trust Co. now owns 2,046 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 109 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Crown Castle by 24.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 599 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 116 shares in the last quarter. Finally, NewSquare Capital LLC lifted its stake in shares of Crown Castle by 74.5% in the 2nd quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 120 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

About Crown Castle

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.