Greenleaf Trust Sells 3,319 Shares of Crown Castle Inc. (NYSE:CCI)

Greenleaf Trust decreased its stake in shares of Crown Castle Inc. (NYSE:CCI) by 32.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,872 shares of the real estate investment trust’s stock after selling 3,319 shares during the period. Greenleaf Trust’s holdings in Crown Castle were worth $624,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new position in Crown Castle during the third quarter valued at approximately $25,000. Rosenberg Matthew Hamilton lifted its position in Crown Castle by 107.9% during the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 136 shares during the period. FNY Investment Advisers LLC lifted its position in Crown Castle by 300.0% during the fourth 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 during the period. Harbor Capital Advisors Inc. bought a new position in Crown Castle during the third quarter valued at approximately $47,000. Finally, Friedenthal Financial bought a new position in Crown Castle during the third quarter valued at approximately $50,000. Institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CCI. UBS Group increased their price objective on shares of Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Scotiabank decreased their price target 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. Deutsche Bank Aktiengesellschaft decreased their price target 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. Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and decreased their price target for the stock from $127.00 to $84.00 in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada increased their price target on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $110.13.

Crown Castle Stock Performance

Shares of NYSE CCI opened at $88.62 on Wednesday. The firm has a fifty day moving average price of $93.45 and a 200-day moving average price of $104.80. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market cap of $38.51 billion, a PE ratio of 31.42 and a beta of 0.88. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92.

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.