2,563 Shares in Crown Castle Inc. (NYSE:CCI) Bought by Blake Schutter Theil Wealth Advisors LLC

Blake Schutter Theil Wealth Advisors LLC purchased a new stake in Crown Castle Inc. (NYSE:CCI) in the third quarter, HoldingsChannel reports. The institutional investor purchased 2,563 shares of the real estate investment trust’s stock, valued at approximately $304,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CCI. M&G PLC grew its holdings in Crown Castle by 1.0% during the third quarter. M&G PLC now owns 2,180,221 shares of the real estate investment trust’s stock worth $259,446,000 after purchasing an additional 21,843 shares during the period. Umpqua Bank lifted its position in shares of Crown Castle by 4.0% in the third quarter. Umpqua Bank now owns 5,092 shares of the real estate investment trust’s stock valued at $604,000 after buying an additional 197 shares during the last quarter. Harvest Portfolios Group Inc. boosted its stake in shares of Crown Castle by 140.6% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 9,069 shares of the real estate investment trust’s stock worth $1,076,000 after acquiring an additional 5,300 shares during the period. Radnor Capital Management LLC bought a new position in shares of Crown Castle during the 3rd quarter worth approximately $209,000. Finally, 1834 Investment Advisors Co. increased its holdings in shares of Crown Castle by 1.3% during the 3rd quarter. 1834 Investment Advisors Co. now owns 81,592 shares of the real estate investment trust’s stock worth $9,679,000 after acquiring an additional 1,058 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CCI shares. Citigroup set a $128.00 price target on Crown Castle in a report on Thursday, October 17th. BMO Capital Markets raised their target price on shares of Crown Castle from $105.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, July 18th. Wells Fargo & Company upped their price target on shares of Crown Castle from $100.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Royal Bank of Canada raised their price objective on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. boosted their price objective on Crown Castle from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Crown Castle currently has a consensus rating of “Hold” and an average price target of $116.87.

Crown Castle Trading Down 4.8 %

Shares of NYSE:CCI opened at $103.46 on Thursday. The business’s 50 day simple moving average is $113.39 and its 200 day simple moving average is $106.09. Crown Castle Inc. has a 1 year low of $92.48 and a 1 year high of $120.92. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market capitalization of $44.96 billion, a P/E ratio of 36.69 and a beta of 0.86.

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

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.