Whittier Trust Co. Sells 205 Shares of Crown Castle Inc. (NYSE:CCI)

Whittier Trust Co. lowered its stake in shares of Crown Castle Inc. (NYSE:CCI) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 reporting period.

Several other large investors have also recently bought and sold shares of the stock. Versor Investments LP increased its holdings in shares of Crown Castle by 120.0% during the 4th quarter. Versor Investments LP now owns 8,447 shares of the real estate investment trust’s stock worth $767,000 after purchasing an additional 4,608 shares during the period. Nordea Investment Management AB increased its stake in Crown Castle by 29.4% during the fourth quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock valued at $113,465,000 after acquiring an additional 282,821 shares during the period. Oak Thistle LLC acquired a new position in Crown Castle in the 4th quarter valued at approximately $1,231,000. Avanza Fonder AB bought a new stake in shares of Crown Castle in the 4th quarter worth approximately $3,083,000. Finally, Fisher Asset Management LLC lifted its position in shares of Crown Castle by 4.2% in the 3rd quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock worth $603,592,000 after acquiring an additional 203,442 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CCI shares. Scotiabank cut their target price on Crown Castle from $102.00 to $99.00 and set a “sector perform” rating for the company in a research note on Friday, March 14th. UBS Group raised shares of Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 price objective for the company in a report on Friday, March 14th. Moffett Nathanson decreased their target price on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on shares of 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, Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.00.

Crown Castle Price Performance

Crown Castle stock opened at $106.61 on Monday. 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 firm has a market cap of $46.42 billion, a P/E ratio of 37.81 and a beta of 0.89. The business’s fifty day moving average is $92.77 and its two-hundred day moving average is $101.04. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued 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 dividend payout ratio is presently -69.71%.

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.