Crown Castle Inc. (NYSE:CCI) Holdings Trimmed by Whittier Trust Co.

Whittier Trust Co. lowered its position in shares of Crown Castle Inc. (NYSE:CCI) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,973 shares of the real estate investment trust’s stock after selling 205 shares during the quarter. Whittier Trust Co.’s holdings in Crown Castle were worth $179,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Magnetar Financial LLC bought a new position in Crown Castle during the fourth quarter valued at about $5,858,000. Teacher Retirement System of Texas boosted its position in shares of Crown Castle by 781.1% in the 4th quarter. Teacher Retirement System of Texas now owns 25,632 shares of the real estate investment trust’s stock valued at $2,326,000 after purchasing an additional 22,723 shares during the period. Generali Investments Management Co LLC acquired a new position in shares of Crown Castle in the 4th quarter valued at $1,891,000. Vinva Investment Management Ltd boosted its position in shares of Crown Castle by 7.1% in the 4th quarter. Vinva Investment Management Ltd now owns 21,339 shares of the real estate investment trust’s stock valued at $1,916,000 after purchasing an additional 1,407 shares during the period. Finally, Intech Investment Management LLC boosted its position in shares of Crown Castle by 212.5% in the 4th quarter. Intech Investment Management LLC now owns 13,658 shares of the real estate investment trust’s stock valued at $1,240,000 after purchasing an additional 9,288 shares during the period. Institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CCI shares. JMP Securities started coverage on Crown Castle in a research report on Monday, January 27th. They issued an “outperform” rating and a $115.00 price target for the company. Jefferies Financial Group lowered Crown Castle from a “buy” rating to a “hold” rating and decreased their price target for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price objective on Crown Castle from $121.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Finally, Citigroup increased their price objective on Crown Castle from $106.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. Eleven equities 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

Crown Castle Stock Up 1.9 %

CCI opened at $106.61 on Monday. The firm has a market cap of $46.42 billion, a P/E ratio of 37.81 and a beta of 0.89. 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 business has a 50 day moving average price of $92.77 and a 200 day moving average price of $101.04. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $1.565 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a yield of 5.87%. Crown Castle’s payout ratio is presently -69.71%.

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.