Crown Castle Inc. (NYSE:CCI) Position Lessened by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its stake in shares of Crown Castle Inc. (NYSE:CCI) by 13.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,719 shares of the real estate investment trust’s stock after selling 2,759 shares during the quarter. D.A. Davidson & CO.’s holdings in Crown Castle were worth $1,608,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Malaga Cove Capital LLC raised its holdings in Crown Castle by 1.8% during the third quarter. Malaga Cove Capital LLC now owns 5,546 shares of the real estate investment trust’s stock valued at $658,000 after buying an additional 100 shares in the last quarter. Napa Wealth Management raised its holdings in Crown Castle by 4.6% during the third quarter. Napa Wealth Management now owns 2,765 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 122 shares in the last quarter. Accurate Wealth Management LLC raised its holdings in Crown Castle by 5.4% during the fourth quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 124 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Crown Castle by 12.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 126 shares in the last quarter. Finally, MCF Advisors LLC raised its holdings in Crown Castle by 2.1% during the third quarter. MCF Advisors LLC now owns 6,200 shares of the real estate investment trust’s stock valued at $736,000 after buying an additional 130 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Stock Up 1.1 %

CCI stock opened at $92.21 on Friday. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The company has a market cap of $40.07 billion, a PE ratio of 32.70 and a beta of 0.88. The business’s 50-day simple moving average is $89.75 and its 200 day simple moving average is $103.00. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

Wall Street Analysts Forecast Growth

CCI has been the topic of several recent research reports. JMP Securities initiated coverage on Crown Castle in a report on Monday, January 27th. They set an “outperform” rating and a $115.00 target price on the stock. Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $117.00 to $104.00 in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft lowered their price target on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Citigroup lowered their price target on Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Moffett Nathanson lowered their price target on Crown Castle from $127.00 to $105.00 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 issued a strong buy rating to the stock. According to data from MarketBeat, Crown Castle presently has an average rating of “Hold” and an average 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.