Farther Finance Advisors LLC Has $483,000 Position in Crown Castle Inc. (NYSE:CCI)

Farther Finance Advisors LLC lifted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 13.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,071 shares of the real estate investment trust’s stock after acquiring an additional 468 shares during the period. Farther Finance Advisors LLC’s holdings in Crown Castle were worth $483,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BOKF NA lifted its position in shares of Crown Castle by 25.6% during the 1st quarter. BOKF NA now owns 4,004 shares of the real estate investment trust’s stock valued at $417,000 after acquiring an additional 815 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Crown Castle by 30.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 35,805 shares of the real estate investment trust’s stock worth $3,789,000 after buying an additional 8,346 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Crown Castle by 21.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 517,964 shares of the real estate investment trust’s stock worth $54,816,000 after buying an additional 91,404 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Crown Castle by 64.5% during the first quarter. Russell Investments Group Ltd. now owns 627,544 shares of the real estate investment trust’s stock worth $66,402,000 after buying an additional 246,043 shares during the last quarter. Finally, OLD National Bancorp IN raised its holdings in Crown Castle by 23.8% during the second quarter. OLD National Bancorp IN now owns 91,118 shares of the real estate investment trust’s stock worth $8,902,000 after buying an additional 17,529 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Price Performance

Shares of NYSE:CCI opened at $103.46 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm has a market capitalization of $44.96 billion, a PE ratio of 36.69 and a beta of 0.86. Crown Castle Inc. has a twelve month low of $92.48 and a twelve month high of $120.92. The company has a 50-day moving average price of $113.39 and a two-hundred day moving average price of $106.09.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.77 EPS. Equities analysts forecast that Crown Castle Inc. will post 6.65 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on CCI. BMO Capital Markets increased their target price on shares of Crown Castle from $105.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. increased their target price on shares of Crown Castle from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Wells Fargo & Company increased their target price on shares of Crown Castle from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Crown Castle from $103.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Finally, Jefferies Financial Group increased their target price on shares of Crown Castle from $123.00 to $127.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Crown Castle currently has an average rating of “Hold” and an average price target of $116.87.

About Crown Castle

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.