Walter & Keenan Wealth Management LLC IN ADV Lowers Holdings in Crown Castle Inc. (NYSE:CCI)

Walter & Keenan Wealth Management LLC IN ADV reduced its position in shares of Crown Castle Inc. (NYSE:CCI) by 39.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,440 shares of the real estate investment trust’s stock after selling 2,272 shares during the quarter. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Crown Castle were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new stake in shares of Crown Castle in the third quarter valued at about $25,000. Rosenberg Matthew Hamilton raised its holdings in shares of Crown Castle by 107.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 136 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Crown Castle in the 3rd quarter worth approximately $47,000. FNY Investment Advisers LLC boosted its stake in shares of Crown Castle by 300.0% during the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 300 shares in the last quarter. Finally, Investors Research Corp boosted its stake in shares of Crown Castle by 57.2% during the third quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 154 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Performance

Shares of CCI stock opened at $89.57 on Monday. The business has a fifty day moving average of $92.10 and a 200 day moving average of $104.39. Crown Castle Inc. has a 1 year low of $84.20 and a 1 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 has a market capitalization of $38.93 billion, a price-to-earnings ratio of 31.76 and a beta of 0.88.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group upped their target price on Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Wells Fargo & Company reduced their target price 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. Finally, 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. 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 given a strong buy rating to the stock. According to MarketBeat.com, Crown Castle currently has an average rating of “Hold” and a consensus target price of $110.13.

Crown Castle 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.