AMG National Trust Bank Buys Shares of 1,937 Crown Castle Inc. (NYSE:CCI)

AMG National Trust Bank bought a new stake in Crown Castle Inc. (NYSE:CCIGet Rating) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,937 shares of the real estate investment trust’s stock, valued at approximately $280,000.

Other institutional investors also recently made changes to their positions in the company. Wealthspire Advisors LLC acquired a new position in shares of Crown Castle in the 2nd quarter valued at approximately $333,000. Johnson Financial Group Inc. raised its position in shares of Crown Castle by 210.8% during the 2nd quarter. Johnson Financial Group Inc. now owns 230 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 156 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Crown Castle by 16.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,060 shares of the real estate investment trust’s stock valued at $852,000 after acquiring an additional 706 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Crown Castle by 15.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 171,753 shares of the real estate investment trust’s stock valued at $28,919,000 after acquiring an additional 23,161 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. acquired a new stake in shares of Crown Castle during the 2nd quarter valued at approximately $1,173,000. 90.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CCI shares. Truist Financial dropped their price target on Crown Castle from $230.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, January 13th. KeyCorp dropped their price target on Crown Castle from $177.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, October 21st. Credit Suisse Group dropped their target price on Crown Castle from $213.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, October 21st. The Goldman Sachs Group dropped their target price on Crown Castle from $166.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 12th. Finally, Morgan Stanley dropped their target price on Crown Castle from $188.00 to $158.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $158.14.

Crown Castle Trading Up 0.4 %

NYSE:CCI opened at $145.31 on Wednesday. Crown Castle Inc. has a 1 year low of $121.71 and a 1 year high of $199.97. The stock has a market cap of $62.93 billion, a price-to-earnings ratio of 39.06 and a beta of 0.60. The business has a fifty day moving average of $140.62 and a 200-day moving average of $151.68. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.46 and a current ratio of 0.46.

Crown Castle Company Profile

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Crown Castle, Inc is a real estate investment trust company, which engages in the provision of access to wireless infrastructure via long-term contacts. It operates through the following segments: Towers and Fiber. The Towers segment offers access, including space or capacity towers dispersed throughout the United States.

See Also

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Institutional Ownership by Quarter for Crown Castle (NYSE:CCI)

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