Morningstar Investment Management LLC Grows Position in Crown Castle Inc. (NYSE:CCI)

Morningstar Investment Management LLC raised its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 22.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,304 shares of the real estate investment trust’s stock after purchasing an additional 982 shares during the quarter. Morningstar Investment Management LLC’s holdings in Crown Castle were worth $481,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in Crown Castle by 29.4% during the fourth 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 lifted its holdings 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 valued at $17,476,000 after purchasing an additional 31,319 shares during the last quarter. Oak Thistle LLC purchased a new stake in Crown Castle during the fourth quarter valued at about $1,231,000. Avanza Fonder AB purchased a new stake in Crown Castle during the fourth quarter valued at about $3,083,000. Finally, Fisher Asset Management LLC lifted its holdings in 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 valued at $603,592,000 after purchasing an additional 203,442 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Stock Down 0.0 %

Shares of NYSE CCI opened at $89.27 on Thursday. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The firm’s 50 day simple moving average is $90.00 and its two-hundred day simple moving average is $103.28. The stock has a market capitalization of $38.80 billion, a P/E ratio of 31.65 and a beta of 0.88.

Wall Street Analysts Forecast Growth

CCI has been the topic of a number of recent analyst reports. JMP Securities initiated coverage on shares of Crown Castle in a report on Monday, January 27th. They issued an “outperform” rating and a $115.00 price target on the stock. Moffett Nathanson lowered their price target on shares of Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Scotiabank lowered their price target on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a report on Thursday, January 23rd. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $117.00 to $104.00 in a report on Monday, January 13th. Finally, Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Crown Castle presently 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.