Glenview Trust co Has $311,000 Stock Position in Crown Castle Inc. (NYSE:CCI)

Glenview Trust co lessened its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 12.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,429 shares of the real estate investment trust’s stock after selling 489 shares during the quarter. Glenview Trust co’s holdings in Crown Castle were worth $311,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. FNY Investment Advisers LLC lifted its holdings in shares of Crown Castle by 300.0% during the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 300 shares during the period. Roxbury Financial LLC acquired a new position in shares of Crown Castle during the fourth quarter worth $37,000. Investors Research Corp lifted its holdings in shares of Crown Castle by 57.2% during the third quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 154 shares during the period. Marshall Investment Management LLC acquired a new position in shares of Crown Castle during the fourth quarter worth $50,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Crown Castle during the fourth quarter worth $53,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Trading Down 0.3 %

NYSE:CCI opened at $102.91 on Tuesday. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a 50-day moving average of $91.29 and a 200-day moving average of $101.26. The company has a market cap of $44.73 billion, a PE ratio of 36.49 and a beta of 0.89. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend is Friday, March 14th. Crown Castle’s payout ratio is presently -69.71%.

Analyst Upgrades and Downgrades

CCI has been the topic of a number of recent research reports. KeyCorp upgraded shares of Crown Castle from a “sector weight” rating to an “overweight” rating and set a $120.00 price target on the stock in a report on Friday. Barclays lifted their target price on shares of Crown Castle from $104.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday. Citigroup lifted their target price on shares of Crown Castle from $106.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and lowered their target price for the stock from $127.00 to $84.00 in a research note on Thursday, January 2nd. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Crown Castle currently has a consensus rating of “Moderate Buy” and an average target price of $110.29.

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.