Umpqua Bank Has $604,000 Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Umpqua Bank lifted its stake in Crown Castle Inc. (NYSE:CCI) by 4.0% in the third quarter, HoldingsChannel reports. The firm owned 5,092 shares of the real estate investment trust’s stock after purchasing an additional 197 shares during the period. Umpqua Bank’s holdings in Crown Castle were worth $604,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCI. Catalyst Capital Advisors LLC acquired a new stake in Crown Castle during the 3rd quarter worth about $25,000. EntryPoint Capital LLC bought a new position in Crown Castle during the first quarter valued at about $27,000. Asset Dedication LLC raised its holdings in Crown Castle by 159.0% during the second quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 167 shares in the last quarter. Beacon Capital Management LLC boosted its stake in shares of Crown Castle by 163.9% during the 1st quarter. Beacon Capital Management LLC now owns 285 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 177 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its holdings in shares of Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 136 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CCI shares. Jefferies Financial Group lifted their price target on shares of Crown Castle from $123.00 to $127.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. raised their price objective on Crown Castle from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. Barclays increased their price objective on shares of Crown Castle from $116.00 to $117.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. UBS Group raised their price target on shares of Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada boosted their price target on Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $116.87.

Crown Castle Stock Down 4.7 %

Shares of Crown Castle stock traded down $5.09 on Wednesday, hitting $103.61. The company had a trading volume of 542,111 shares, compared to its average volume of 2,603,524. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a 50 day moving average of $113.59 and a 200-day moving average of $106.11. Crown Castle Inc. has a 1 year low of $92.48 and a 1 year high of $120.92. The stock has a market capitalization of $45.03 billion, a price-to-earnings ratio of 38.55 and a beta of 0.86.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($1.03). The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. Crown Castle’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 EPS. As a group, sell-side analysts forecast that Crown Castle Inc. will post 6.65 earnings per share for the current year.

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.