Realta Investment Advisors Buys New Stake in Crown Castle Inc. (NYSE:CCI)

Realta Investment Advisors purchased a new stake in Crown Castle Inc. (NYSE:CCI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 688 shares of the real estate investment trust’s stock, valued at approximately $62,000.

Several other large investors also recently bought and sold shares of CCI. Nordea Investment Management AB lifted its holdings in shares of Crown Castle by 29.4% in the 4th quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock valued at $113,465,000 after purchasing an additional 282,821 shares during the last quarter. Van ECK Associates Corp increased its position in Crown Castle by 24.7% during the third quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust’s stock worth $17,476,000 after buying an additional 31,319 shares during the period. Oak Thistle LLC purchased a new stake in Crown Castle in the fourth quarter valued at approximately $1,231,000. Avanza Fonder AB acquired a new stake in shares of Crown Castle in the fourth quarter valued at approximately $3,083,000. Finally, Fisher Asset Management LLC grew its position in shares of Crown Castle by 4.2% during the third quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock worth $603,592,000 after acquiring an additional 203,442 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on CCI shares. Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Wells Fargo & Company decreased their target price on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Scotiabank dropped 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. Moffett Nathanson decreased their price objective on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group lowered Crown Castle from a “buy” rating to a “hold” rating and dropped their target price for the company 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 given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $110.13.

Crown Castle Stock Down 0.7 %

Shares of NYSE CCI opened at $89.57 on Friday. The stock has a market capitalization of $38.93 billion, a price-to-earnings ratio of 31.76 and a beta of 0.88. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The firm has a 50-day moving average price of $92.43 and a 200 day moving average price of $104.48. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

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.