AMG National Trust Bank Makes New Investment in Crown Castle Inc. (NYSE:CCI)

AMG National Trust Bank bought a new position in shares of Crown Castle Inc. (NYSE:CCI – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,937 shares of the real estate investment trust’s stock, valued at approximately $280,000.

Several other institutional investors also recently made changes to their positions in CCI. Wealthspire Advisors LLC acquired a new position in shares of Crown Castle during the 2nd quarter worth $333,000. Johnson Financial Group Inc. raised its stake in shares of Crown Castle by 210.8% during the 2nd quarter. Johnson Financial Group Inc. now owns 230 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 156 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Crown Castle by 16.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,060 shares of the real estate investment trust’s stock worth $852,000 after buying an additional 706 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Crown Castle by 15.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 171,753 shares of the real estate investment trust’s stock worth $28,919,000 after buying an additional 23,161 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. acquired a new position in shares of Crown Castle during the 2nd quarter worth $1,173,000. 90.27% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Stock Up 0.4 %

Shares of NYSE:CCI opened at $145.31 on Wednesday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.46 and a current ratio of 0.46. Crown Castle Inc. has a 1 year low of $121.71 and a 1 year high of $199.97. The stock has a market capitalization of $62.93 billion, a P/E ratio of 39.06 and a beta of 0.60. The stock has a 50-day simple moving average of $140.62 and a 200-day simple moving average of $151.68.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CCI shares. Morgan Stanley cut their price target on Crown Castle from $188.00 to $158.00 and set an “overweight” rating for the company in a research note on Tuesday, October 18th. Raymond James boosted their target price on shares of Crown Castle from $143.00 to $153.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Crown Castle from $137.00 to $142.00 in a research note on Friday, December 16th. Royal Bank of Canada cut their target price on shares of Crown Castle from $202.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Finally, The Goldman Sachs Group cut their target price on shares of Crown Castle from $166.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, October 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Crown Castle presently has an average rating of “Moderate Buy” and an average target price of $158.14.

Crown Castle Profile

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Crown Castle, Inc is a real estate investment trust company, which engages in the provision of access to wireless infrastructure via long-term contacts. It operates through the following segments: Towers and Fiber. The Towers segment offers access, including space or capacity towers dispersed throughout the United States.