CENTRAL TRUST Co Decreases Stake in Crown Castle Inc. (NYSE:CCI)

CENTRAL TRUST Co reduced its stake in Crown Castle Inc. (NYSE:CCI) by 9.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,923 shares of the real estate investment trust’s stock after selling 190 shares during the period. CENTRAL TRUST Co’s holdings in Crown Castle were worth $175,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCI. AMF Tjanstepension AB raised its position in shares of Crown Castle by 11.7% in the 3rd quarter. AMF Tjanstepension AB now owns 166,922 shares of the real estate investment trust’s stock valued at $19,835,000 after purchasing an additional 17,524 shares during the last quarter. Czech National Bank raised its position in Crown Castle by 6.9% during the 3rd quarter. Czech National Bank now owns 88,525 shares of the real estate investment trust’s stock worth $10,502,000 after buying an additional 5,723 shares during the last quarter. GAMMA Investing LLC raised its position in Crown Castle by 48.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,224 shares of the real estate investment trust’s stock worth $620,000 after buying an additional 1,705 shares during the last quarter. Diversified Trust Co purchased a new position in Crown Castle during the 3rd quarter worth approximately $260,000. Finally, Ignite Planners LLC raised its position in Crown Castle by 3.2% during the 3rd quarter. Ignite Planners LLC now owns 7,250 shares of the real estate investment trust’s stock worth $860,000 after buying an additional 225 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Price Performance

Crown Castle stock opened at $88.62 on Wednesday. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. 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’s fifty day moving average price is $93.45 and its 200 day moving average price is $104.80. The stock has a market capitalization of $38.51 billion, a P/E ratio of 31.42 and a beta of 0.88.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Royal Bank of Canada raised their price objective on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. Citigroup set a $128.00 price objective on shares of Crown Castle in a research note on Thursday, October 17th. Finally, Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $127.00 to $84.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Crown Castle presently has an average rating of “Hold” and a consensus price target of $110.13.

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.