Silver Oak Securities Incorporated Invests $245,000 in Crown Castle Inc. (NYSE:CCI)

Silver Oak Securities Incorporated purchased a new stake in Crown Castle Inc. (NYSE:CCI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,725 shares of the real estate investment trust’s stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CCI. Wellington Management Group LLP boosted its position in shares of Crown Castle by 23.8% in the third quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust’s stock valued at $2,079,417,000 after acquiring an additional 3,371,186 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Crown Castle by 433.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,968,959 shares of the real estate investment trust’s stock valued at $470,838,000 after purchasing an additional 3,225,460 shares during the period. International Assets Investment Management LLC grew its position in shares of Crown Castle by 13,271.6% during the 3rd quarter. International Assets Investment Management LLC now owns 973,185 shares of the real estate investment trust’s stock worth $115,449,000 after purchasing an additional 965,907 shares in the last quarter. State Street Corp increased its holdings in shares of Crown Castle by 3.7% during the third quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock worth $2,476,470,000 after purchasing an additional 747,390 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of Crown Castle by 25.4% in the third quarter. Daiwa Securities Group Inc. now owns 3,166,236 shares of the real estate investment trust’s stock valued at $375,610,000 after buying an additional 642,010 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCI. Citigroup set a $128.00 price target on Crown Castle in a research report on Thursday, October 17th. Scotiabank decreased their price target on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 23rd. TD Cowen cut their price objective on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $117.00 to $104.00 in a report on Monday, January 13th. Finally, Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and cut their price target for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Crown Castle has a consensus rating of “Hold” and a consensus price target of $110.13.

Crown Castle Trading Down 0.7 %

NYSE CCI opened at $89.57 on Monday. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The business’s fifty day moving average is $92.10 and its 200 day moving average is $104.39. 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 market cap of $38.93 billion, a price-to-earnings ratio of 31.76 and a beta of 0.88.

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.