Citigroup Inc. Has $64.18 Million Stock Position in Crown Castle Inc. $CCI

Citigroup Inc. boosted its position in Crown Castle Inc. (NYSE:CCI) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 665,188 shares of the real estate investment trust’s stock after acquiring an additional 7,517 shares during the period. Citigroup Inc. owned 0.15% of Crown Castle worth $64,184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCI. Creative Financial Designs Inc. ADV lifted its holdings in shares of Crown Castle by 47.8% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 303 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 98 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Crown Castle by 24.0% during the third quarter. Harbor Capital Advisors Inc. now owns 599 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 116 shares during the last quarter. NewSquare Capital LLC lifted its stake in shares of Crown Castle by 74.5% in the second quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 120 shares in the last quarter. Golden State Equity Partners lifted its stake in shares of Crown Castle by 2.8% in the third quarter. Golden State Equity Partners now owns 4,567 shares of the real estate investment trust’s stock valued at $441,000 after buying an additional 123 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Crown Castle by 6.3% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 2,103 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 125 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

CCI has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of Crown Castle from $105.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Crown Castle in a research note on Monday, December 29th. Wells Fargo & Company dropped their target price on Crown Castle from $105.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. KeyCorp decreased their price target on Crown Castle from $115.00 to $98.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Finally, Raymond James Financial lowered their price target on Crown Castle from $120.00 to $106.00 and set a “strong-buy” rating for the company in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Crown Castle has a consensus rating of “Hold” and a consensus target price of $100.02.

Crown Castle Stock Down 0.5%

CCI stock opened at $87.58 on Tuesday. The firm has a market cap of $38.14 billion, a PE ratio of 86.71, a P/E/G ratio of 0.45 and a beta of 0.96. The business has a 50 day moving average of $87.02 and a 200-day moving average of $92.14. Crown Castle Inc. has a 12-month low of $77.01 and a 12-month high of $115.76.

Crown Castle Profile

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.