Crown Castle Inc. (NYSE:CCI) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lowered its position in Crown Castle Inc. (NYSE:CCI) by 4.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 34,293 shares of the real estate investment trust’s stock after selling 1,733 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Crown Castle were worth $4,068,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in CCI. Daiwa Securities Group Inc. increased its stake in shares of Crown Castle by 4,097.8% in the second quarter. Daiwa Securities Group Inc. now owns 2,524,226 shares of the real estate investment trust’s stock valued at $246,617,000 after purchasing an additional 2,464,094 shares during the period. M&G Plc bought a new position in shares of Crown Castle in the first quarter valued at approximately $221,573,000. Bank of Montreal Can boosted its holdings in shares of Crown Castle by 191.7% in the second quarter. Bank of Montreal Can now owns 2,032,521 shares of the real estate investment trust’s stock valued at $195,183,000 after acquiring an additional 1,335,644 shares in the last quarter. Cooke & Bieler LP boosted its holdings in shares of Crown Castle by 95.8% in the second quarter. Cooke & Bieler LP now owns 2,578,932 shares of the real estate investment trust’s stock valued at $251,962,000 after acquiring an additional 1,261,536 shares in the last quarter. Finally, Capital International Investors boosted its holdings in shares of Crown Castle by 68,262.1% in the first quarter. Capital International Investors now owns 1,240,088 shares of the real estate investment trust’s stock valued at $131,239,000 after acquiring an additional 1,238,274 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Up 0.3 %

Shares of NYSE:CCI opened at $108.71 on Wednesday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $47.25 billion, a PE ratio of 38.55 and a beta of 0.86. Crown Castle Inc. has a 52 week low of $92.48 and a 52 week high of $120.92. The firm has a 50 day simple moving average of $113.59 and a 200 day simple moving average of $106.11.

Crown Castle (NYSE:CCI) last released 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 return on equity of 20.98% and a net margin of 18.59%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the company earned $1.77 EPS. The firm’s quarterly revenue was down .9% compared to the same quarter last year. As a group, research analysts expect that Crown Castle Inc. will post 6.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CCI has been the subject of several recent analyst reports. Citigroup set a $128.00 price objective on shares of Crown Castle in a report on Thursday, October 17th. Barclays increased their price objective on shares of Crown Castle from $116.00 to $117.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Royal Bank of Canada increased their price objective on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. Wells Fargo & Company increased their price objective 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. Finally, TD Cowen reduced their target price on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $116.87.

Crown Castle 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.