Asset Management One Co. Ltd. Buys 11,328 Shares of Crown Castle Inc. (NYSE:CCI)

Asset Management One Co. Ltd. grew its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 6.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 183,506 shares of the real estate investment trust's stock after buying an additional 11,328 shares during the period. Asset Management One Co. Ltd.'s holdings in Crown Castle were worth $21,769,000 as of its most recent SEC filing.

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

Crown Castle Stock Down 4.9 %

NYSE CCI traded down $5.28 on Wednesday, reaching $103.42. The stock had a trading volume of 2,765,429 shares, compared to its average volume of 2,615,371. Crown Castle Inc. has a 1 year low of $92.48 and a 1 year high of $120.92. The business has a 50 day moving average price of $113.59 and a 200 day moving average price of $106.11. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The company has a market capitalization of $44.95 billion, a price-to-earnings ratio of 38.55 and a beta of 0.86.

Crown Castle (NYSE:CCI - Get Free Report) last posted its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.73 by ($1.03). Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the firm earned $1.77 earnings per share. Crown Castle's revenue was down .9% compared to the same quarter last year. On average, analysts forecast that Crown Castle Inc. will post 6.65 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on CCI shares. JPMorgan Chase & Co. increased their price objective on shares of Crown Castle from $115.00 to $124.00 and gave the company a "neutral" rating in a research report on Monday, September 23rd. Jefferies Financial Group lifted their price target on shares of Crown Castle from $123.00 to $127.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Citigroup set a $128.00 price objective on shares of Crown Castle in a research report on Thursday, October 17th. Royal Bank of Canada lifted their target price on Crown Castle from $104.00 to $109.00 and gave the stock a "sector perform" rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company raised their price objective on Crown Castle from $100.00 to $105.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.