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

Glenview Trust co cut its stake in Crown Castle Inc. (NYSE:CCI) by 12.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,429 shares of the real estate investment trust’s stock after selling 489 shares during the period. Glenview Trust co’s holdings in Crown Castle were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC boosted its stake in Crown Castle by 300.0% in the 4th 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 Crown Castle in the 4th quarter worth $37,000. Investors Research Corp boosted its stake in shares of Crown Castle by 57.2% during the 3rd quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 154 shares during the last quarter. Marshall Investment Management LLC acquired a new position in shares of Crown Castle during the 4th quarter worth about $50,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Crown Castle during the 4th quarter worth about $53,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Stock Down 0.3 %

Crown Castle stock opened at $102.91 on Tuesday. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The stock has a market cap of $44.73 billion, a P/E ratio of 36.49 and a beta of 0.89. The company’s 50-day moving average price is $91.29 and its two-hundred day moving average price is $101.26.

Crown Castle Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on CCI. JPMorgan Chase & Co. reduced their price objective 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. Raymond James upgraded shares of Crown Castle from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the stock from $128.00 to $122.00 in a research note on Friday. Wolfe Research upgraded shares of Crown Castle from an “underperform” rating to a “peer perform” rating in a research note on Monday. Barclays raised their target price on shares of Crown Castle from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. 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. Based on data from MarketBeat.com, Crown Castle currently has an average rating of “Moderate Buy” and an average price target of $110.29.

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.