Crown Castle Inc. (NYSE:CCI) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its position in Crown Castle Inc. (NYSE:CCI) by 14.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,968 shares of the real estate investment trust’s stock after purchasing an additional 992 shares during the period. Coldstream Capital Management Inc.’s holdings in Crown Castle were worth $918,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CCI. Dakota Community Bank & Trust NA raised its stake in shares of Crown Castle by 4.2% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 2,215 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 90 shares in the last quarter. Valley National Advisers Inc. raised its position in Crown Castle by 51.1% in the fourth quarter. Valley National Advisers Inc. now owns 287 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 97 shares in the last quarter. Pinnacle Bancorp Inc. boosted its position in shares of Crown Castle by 17.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 677 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 100 shares in the last quarter. Waterfront Wealth Inc. boosted its position in shares of Crown Castle by 1.9% during the 4th quarter. Waterfront Wealth Inc. now owns 5,515 shares of the real estate investment trust’s stock worth $635,000 after purchasing an additional 101 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its stake in shares of Crown Castle by 0.5% during the 3rd quarter. Raleigh Capital Management Inc. now owns 18,986 shares of the real estate investment trust’s stock worth $1,747,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CCI shares. BMO Capital Markets reduced their price objective on shares of Crown Castle from $110.00 to $105.00 and set a “market perform” rating for the company in a research note on Thursday, April 18th. Bank of America reduced their price target on shares of Crown Castle from $120.00 to $105.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Wells Fargo & Company lowered their price target on Crown Castle from $115.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday, April 19th. Royal Bank of Canada dropped their price objective on Crown Castle from $109.00 to $100.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 7th. Finally, Scotiabank decreased their target price on Crown Castle from $133.00 to $118.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 18th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $112.64.

Crown Castle Stock Up 0.1 %

Shares of NYSE:CCI opened at $100.75 on Wednesday. The company has a market capitalization of $43.78 billion, a P/E ratio of 31.48, a P/E/G ratio of 2.68 and a beta of 0.76. The stock’s fifty day simple moving average is $99.91 and its 200-day simple moving average is $106.30. Crown Castle Inc. has a 52-week low of $84.72 and a 52-week high of $119.50. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 3.73.

Crown Castle (NYSE:CCI) last released its earnings results on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.92). The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. Crown Castle’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the company posted $1.91 earnings per share. As a group, equities research analysts forecast that Crown Castle Inc. will post 6.58 earnings per share for the current fiscal year.

About Crown Castle

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.