Crown Castle Inc. (NYSE:CCI) Stake Cut by Farmers & Merchants Trust Co of Chambersburg PA

Farmers & Merchants Trust Co of Chambersburg PA cut its position in shares of Crown Castle Inc. (NYSE:CCI) by 21.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,123 shares of the real estate investment trust’s stock after selling 1,438 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Crown Castle were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Malaga Cove Capital LLC lifted its stake 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 worth $658,000 after purchasing an additional 100 shares during the last quarter. Tsfg LLC lifted its stake in Crown Castle by 27.5% during the third quarter. Tsfg LLC now owns 542 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 117 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Crown Castle by 1.8% during the third quarter. Bleakley Financial Group LLC now owns 6,554 shares of the real estate investment trust’s stock worth $777,000 after purchasing an additional 117 shares during the last quarter. New Century Financial Group LLC lifted its stake in Crown Castle by 4.8% during the third quarter. New Century Financial Group LLC now owns 2,645 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 122 shares during the last quarter. Finally, Napa Wealth Management lifted its stake 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 worth $328,000 after purchasing an additional 122 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CCI. UBS Group increased their target price on Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. JMP Securities began coverage on Crown Castle in a research report on Monday, January 27th. They issued an “outperform” rating and a $115.00 target price on the stock. Scotiabank dropped their target price on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 23rd. Finally, Citizens Jmp raised Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. One equities 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $108.75.

Crown Castle Price Performance

Shares of CCI opened at $89.98 on Friday. The firm has a market capitalization of $39.10 billion, a price-to-earnings ratio of 31.91 and a beta of 0.88. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The stock’s fifty day moving average is $91.24 and its 200-day moving average is $104.05.

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.