Crown Castle Inc. (NYSE:CCI) Shares Bought by Alberta Investment Management Corp

Alberta Investment Management Corp lifted its position in shares of Crown Castle Inc. (NYSE:CCI) by 311.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,800 shares of the real estate investment trust’s stock after acquiring an additional 33,900 shares during the period. Alberta Investment Management Corp’s holdings in Crown Castle were worth $4,066,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CCI. Bank of Jackson Hole Trust acquired a new position in Crown Castle during the 4th quarter valued at approximately $53,000. Mcdonald Partners LLC boosted its holdings in shares of Crown Castle by 14.5% during the fourth quarter. Mcdonald Partners LLC now owns 5,132 shares of the real estate investment trust’s stock valued at $466,000 after acquiring an additional 651 shares during the period. Kestra Investment Management LLC increased its holdings in shares of Crown Castle by 34.3% in the 4th quarter. Kestra Investment Management LLC now owns 3,362 shares of the real estate investment trust’s stock worth $305,000 after acquiring an additional 858 shares during the period. Venturi Wealth Management LLC lifted its position in Crown Castle by 3,207.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,323 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 1,283 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in Crown Castle by 4.5% in the 4th quarter. CIBC Asset Management Inc now owns 66,920 shares of the real estate investment trust’s stock valued at $6,074,000 after purchasing an additional 2,873 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Trading Up 2.3 %

Shares of CCI opened at $91.29 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The stock has a market capitalization of $39.67 billion, a P/E ratio of 32.37 and a beta of 0.88. The business’s 50-day moving average price is $89.85 and its 200 day moving average price is $103.20.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank of Canada raised their price target on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. Barclays upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $117.00 to $104.00 in a research report on Monday, January 13th. Jefferies Financial Group lowered shares of Crown Castle from a “buy” rating to a “hold” rating and lowered their price objective for the company from $127.00 to $84.00 in a research note on Thursday, January 2nd. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Finally, Scotiabank lowered their price target 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $108.75.

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.