Crown Castle Inc. (NYSE:CCI) Shares Bought by Trust Co. of Vermont

Trust Co. of Vermont grew its stake in Crown Castle Inc. (NYSE:CCI) by 26.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,555 shares of the real estate investment trust’s stock after purchasing an additional 323 shares during the quarter. Trust Co. of Vermont’s holdings in Crown Castle were worth $141,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV boosted its holdings in Crown Castle by 30.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 39,194 shares of the real estate investment trust’s stock worth $3,817,000 after purchasing an additional 9,070 shares during the period. Ieq Capital LLC boosted its holdings in shares of Crown Castle by 5.7% in the 2nd quarter. Ieq Capital LLC now owns 21,552 shares of the real estate investment trust’s stock valued at $2,106,000 after buying an additional 1,171 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Crown Castle by 17.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 982,165 shares of the real estate investment trust’s stock valued at $95,957,000 after buying an additional 147,386 shares during the last quarter. Summit Trail Advisors LLC lifted its holdings in Crown Castle by 16.7% in the second quarter. Summit Trail Advisors LLC now owns 4,916 shares of the real estate investment trust’s stock worth $480,000 after acquiring an additional 704 shares during the last quarter. Finally, Legacy Financial Advisors Inc. bought a new position in shares of Crown Castle during the second quarter valued at approximately $296,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Price Performance

Shares of NYSE CCI opened at $91.03 on Monday. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm has a 50-day moving average of $96.66 and a two-hundred day moving average of $105.61. The company has a market capitalization of $39.56 billion, a price-to-earnings ratio of 32.28 and a beta of 0.87.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $1.565 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $6.26 annualized dividend and a dividend yield of 6.88%. Crown Castle’s dividend payout ratio is currently 221.99%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CCI. The Goldman Sachs Group raised their price target on Crown Castle from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $117.00 to $104.00 in a report on Monday, January 13th. TD Cowen reduced their target price on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Citigroup set a $128.00 price target on shares of Crown Castle in a research note on Thursday, October 17th. Finally, Wells Fargo & Company downgraded Crown Castle from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $105.00 to $100.00 in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $113.00.

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.