Blake Schutter Theil Wealth Advisors LLC Invests $304,000 in Crown Castle Inc. (NYSE:CCI)

Blake Schutter Theil Wealth Advisors LLC bought a new stake in Crown Castle Inc. (NYSE:CCI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,563 shares of the real estate investment trust’s stock, valued at approximately $304,000.

Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. increased its position in shares of Crown Castle by 13.0% during the third quarter. Pinnacle Bancorp Inc. now owns 783 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 90 shares during the period. Pathway Financial Advisers LLC increased its holdings in Crown Castle by 2.4% in the 2nd quarter. Pathway Financial Advisers LLC now owns 3,869 shares of the real estate investment trust’s stock valued at $376,000 after buying an additional 91 shares during the period. Prosperity Consulting Group LLC boosted its position in shares of Crown Castle by 4.4% during the 2nd quarter. Prosperity Consulting Group LLC now owns 2,262 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 95 shares in the last quarter. True North Advisors LLC increased its stake in Crown Castle by 4.2% in the third quarter. True North Advisors LLC now owns 2,345 shares of the real estate investment trust’s stock valued at $278,000 after acquiring an additional 95 shares during the period. Finally, Granite Investment Partners LLC raised its position in Crown Castle by 0.5% in the second quarter. Granite Investment Partners LLC now owns 19,439 shares of the real estate investment trust’s stock worth $1,899,000 after purchasing an additional 100 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Stock Down 4.8 %

NYSE:CCI opened at $103.46 on Thursday. The stock has a 50-day simple moving average of $113.39 and a 200 day simple moving average of $106.09. Crown Castle Inc. has a 52-week low of $92.48 and a 52-week high of $120.92. The company has a market cap of $44.96 billion, a PE ratio of 36.69 and a beta of 0.86. 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 (NYSE:CCI) last issued its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($1.03). The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. Crown Castle’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.77 earnings per share. On average, sell-side analysts expect that Crown Castle Inc. will post 6.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CCI. The Goldman Sachs Group raised their target price on Crown Castle from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Crown Castle from $103.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company increased their target price on shares of Crown Castle from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. BMO Capital Markets upped their price objective on shares of Crown Castle from $105.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, July 18th. Finally, Barclays raised their price objective on shares of Crown Castle from $116.00 to $117.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $116.87.

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.