Hunter Associates Investment Management LLC Has $202,000 Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Hunter Associates Investment Management LLC decreased its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 27.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,227 shares of the real estate investment trust’s stock after selling 836 shares during the period. Hunter Associates Investment Management LLC’s holdings in Crown Castle were worth $202,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Pinnacle Bancorp Inc. increased its stake in shares of Crown Castle by 13.0% in the third quarter. Pinnacle Bancorp Inc. now owns 783 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 90 shares during the period. True North Advisors LLC increased its stake in shares of Crown Castle by 4.2% in the third quarter. True North Advisors LLC now owns 2,345 shares of the real estate investment trust’s stock worth $278,000 after buying an additional 95 shares during the period. Malaga Cove Capital LLC increased its stake in shares of Crown Castle by 1.8% in the third quarter. Malaga Cove Capital LLC now owns 5,546 shares of the real estate investment trust’s stock worth $658,000 after buying an additional 100 shares during the period. Tsfg LLC increased its stake in shares of Crown Castle by 27.5% in the third quarter. Tsfg LLC now owns 542 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 117 shares during the period. Finally, Bleakley Financial Group LLC increased its stake in shares of Crown Castle by 1.8% in the third quarter. Bleakley Financial Group LLC now owns 6,554 shares of the real estate investment trust’s stock worth $777,000 after buying an additional 117 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CCI shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $117.00 to $104.00 in a research report on Monday, January 13th. Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and reduced their price objective for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. Scotiabank reduced their price objective on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 23rd. Finally, Citigroup set a $128.00 price objective on shares of Crown Castle in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $110.13.

Crown Castle Stock Performance

Shares of Crown Castle stock opened at $89.25 on Friday. The stock has a market cap of $38.79 billion, a price-to-earnings ratio of 31.65 and a beta of 0.87. The firm’s 50-day moving average is $94.11 and its 200 day moving average is $105.01. 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 current ratio of 0.54 and a quick ratio of 0.54.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date was Friday, December 13th. Crown Castle’s payout ratio is 221.99%.

About Crown Castle

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.