Huntington National Bank Sells 36,868 Shares of Crown Castle Inc. (NYSE:CCI)

Huntington National Bank decreased its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 32.8% in the fourth quarter, Holdings Channel reports. The firm owned 75,580 shares of the real estate investment trust’s stock after selling 36,868 shares during the quarter. Huntington National Bank’s holdings in Crown Castle were worth $6,860,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCI. Twin Tree Management LP acquired a new position in shares of Crown Castle in the 4th quarter worth approximately $25,000. FNY Investment Advisers LLC increased its holdings in Crown Castle by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 300 shares in the last quarter. Roxbury Financial LLC bought a new position in Crown Castle in the 4th quarter valued at $37,000. Marshall Investment Management LLC acquired a new position in Crown Castle in the fourth quarter worth $50,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Crown Castle during the fourth quarter worth $53,000. Institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

CCI has been the topic of several research reports. Wells Fargo & Company upgraded shares of Crown Castle from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $85.00 to $105.00 in a research report on Monday, March 17th. Bank of America began coverage on shares of Crown Castle in a report on Thursday, March 20th. They issued a “neutral” rating and a $110.00 price target for the company. KeyCorp raised Crown Castle from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective on the stock in a report on Friday, March 14th. UBS Group raised Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 target price for the company in a research note on Friday, March 14th. Finally, Barclays upped their price target on Crown Castle from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, March 17th. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $110.00.

Crown Castle Trading Down 0.8 %

CCI opened at $103.82 on Thursday. The company’s 50 day moving average price is $95.06 and its two-hundred day moving average price is $100.33. The firm has a market capitalization of $45.21 billion, a price-to-earnings ratio of 36.82 and a beta of 0.89. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $1.565 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a yield of 6.03%. Crown Castle’s payout ratio is -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.