Stiles Financial Services Inc Invests $231,000 in Crown Castle Inc. (NYSE:CCI)

Stiles Financial Services Inc bought a new stake in shares of Crown Castle Inc. (NYSE:CCI) during the 4th quarter, Holdings Channel reports. The firm bought 2,543 shares of the real estate investment trust’s stock, valued at approximately $231,000.

Several other hedge funds have also bought and sold shares of CCI. AMF Tjanstepension AB increased its holdings in Crown Castle by 11.7% in the 3rd quarter. AMF Tjanstepension AB now owns 166,922 shares of the real estate investment trust’s stock worth $19,835,000 after acquiring an additional 17,524 shares in the last quarter. Atomi Financial Group Inc. bought a new position in shares of Crown Castle in the third quarter worth approximately $334,000. Wedmont Private Capital increased its stake in shares of Crown Castle by 7.8% in the third quarter. Wedmont Private Capital now owns 2,269 shares of the real estate investment trust’s stock worth $252,000 after purchasing an additional 164 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Crown Castle by 362.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,679 shares of the real estate investment trust’s stock valued at $318,000 after purchasing an additional 2,100 shares during the period. Finally, Valeo Financial Advisors LLC lifted its stake in shares of Crown Castle by 23.2% during the 3rd quarter. Valeo Financial Advisors LLC now owns 6,050 shares of the real estate investment trust’s stock valued at $717,000 after buying an additional 1,138 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Scotiabank cut their price target on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research note on Thursday, January 23rd. TD Cowen decreased their target price on Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Jefferies Financial Group downgraded Crown Castle from a “buy” rating to a “hold” rating and dropped their price target for the stock from $127.00 to $84.00 in a research note on Thursday, January 2nd. Royal Bank of Canada lifted their price objective on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a research report on Monday, October 28th. Finally, Moffett Nathanson lowered their target price on shares of Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Crown Castle has a consensus rating of “Hold” and an average price target of $110.13.

Crown Castle Trading Down 0.7 %

CCI opened at $89.57 on Monday. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The stock has a 50-day moving average of $92.10 and a 200 day moving average of $104.39. The firm has a market cap of $38.93 billion, a P/E ratio of 31.76 and a beta of 0.88.

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.