Bank of Jackson Hole Trust Purchases Shares of 582 Crown Castle Inc. (NYSE:CCI)

Bank of Jackson Hole Trust purchased a new stake in Crown Castle Inc. (NYSE:CCI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 582 shares of the real estate investment trust’s stock, valued at approximately $53,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mcdonald Partners LLC increased its stake in shares of Crown Castle by 14.5% during the 4th quarter. Mcdonald Partners LLC now owns 5,132 shares of the real estate investment trust’s stock worth $466,000 after purchasing an additional 651 shares during the last quarter. Kestra Investment Management LLC increased its stake in shares of Crown Castle by 34.3% during the 4th quarter. Kestra Investment Management LLC now owns 3,362 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 858 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Crown Castle by 3,207.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,323 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 1,283 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Crown Castle by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 66,920 shares of the real estate investment trust’s stock worth $6,074,000 after purchasing an additional 2,873 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Crown Castle by 10.1% during the 4th quarter. Principal Financial Group Inc. now owns 601,740 shares of the real estate investment trust’s stock worth $54,614,000 after purchasing an additional 55,117 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Stock Performance

NYSE CCI opened at $89.27 on Thursday. 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 capitalization of $38.80 billion, a P/E ratio of 31.65 and a beta of 0.88. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The firm has a 50-day moving average price of $90.00 and a two-hundred day moving average price of $103.28.

Analysts Set New Price Targets

Several research firms have recently weighed in on CCI. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Jefferies Financial Group lowered shares of Crown Castle from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $127.00 to $84.00 in a research note on Thursday, January 2nd. Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Moffett Nathanson decreased their price target on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Finally, 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 research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $108.75.

Crown Castle 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.