Summit Trail Advisors LLC Has $486,000 Stake in Crown Castle Inc. (NYSE:CCI)

Summit Trail Advisors LLC lowered its stake in Crown Castle Inc. (NYSE:CCI) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,360 shares of the real estate investment trust’s stock after selling 325 shares during the quarter. Summit Trail Advisors LLC’s holdings in Crown Castle were worth $486,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP increased its stake in 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 valued at $2,079,417,000 after purchasing an additional 3,371,186 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Crown Castle by 433.8% in the 3rd 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 valued at $470,838,000 after buying an additional 3,225,460 shares during the period. International Assets Investment Management LLC increased its position in Crown Castle by 13,271.6% in the 3rd quarter. International Assets Investment Management LLC now owns 973,185 shares of the real estate investment trust’s stock valued at $115,449,000 after buying an additional 965,907 shares in the last quarter. State Street Corp raised its stake in Crown Castle by 3.7% during the 3rd quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock worth $2,476,470,000 after buying an additional 747,390 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in Crown Castle by 25.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,166,236 shares of the real estate investment trust’s stock worth $375,610,000 after buying an additional 642,010 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

CCI has been the subject of several recent research reports. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company reduced their price objective on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Royal Bank of Canada upped their target price on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. Finally, JMP Securities initiated coverage on Crown Castle in a research note on Monday, January 27th. They set an “outperform” rating and a $115.00 price target for the company. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $110.13.

Crown Castle Trading Up 1.8 %

NYSE CCI opened at $91.26 on Wednesday. The business’s fifty day moving average is $91.78 and its 200-day moving average is $104.27. 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 stock has a market capitalization of $39.66 billion, a price-to-earnings ratio of 32.36 and a beta of 0.88. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92.

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.