ING Groep NV Purchases 97,388 Shares of Crown Castle Inc. (NYSE:CCI)

ING Groep NV lifted its position in Crown Castle Inc. (NYSE:CCI) by 167.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,507 shares of the real estate investment trust’s stock after purchasing an additional 97,388 shares during the quarter. ING Groep NV’s holdings in Crown Castle were worth $14,114,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CCI. Wellington Management Group LLP increased its holdings in shares of Crown Castle by 23.8% in the third quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust’s stock worth $2,079,417,000 after purchasing an additional 3,371,186 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Crown Castle by 433.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,968,959 shares of the real estate investment trust’s stock worth $470,838,000 after purchasing an additional 3,225,460 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Crown Castle by 13,271.6% in the third quarter. International Assets Investment Management LLC now owns 973,185 shares of the real estate investment trust’s stock worth $115,449,000 after purchasing an additional 965,907 shares during the last quarter. State Street Corp increased its holdings in shares of Crown Castle by 3.7% in the third quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock worth $2,476,470,000 after purchasing an additional 747,390 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Crown Castle by 25.4% during the third quarter. Daiwa Securities Group Inc. now owns 3,166,236 shares of the real estate investment trust’s stock worth $375,610,000 after acquiring an additional 642,010 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Up 2.3 %

Shares of NYSE CCI opened at $91.29 on Friday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $39.67 billion, a price-to-earnings ratio of 32.37 and a beta of 0.88. The stock has a 50 day moving average price of $89.85 and a 200 day moving average price of $103.20. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $120.92.

Analyst Ratings Changes

Several equities research analysts have weighed in on CCI shares. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Moffett Nathanson reduced their price objective on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Royal Bank of Canada boosted their target price on Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a research report on Monday, October 28th. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $117.00 to $104.00 in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $108.75.

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.