Hunter Associates Investment Management LLC Sells 836 Shares of Crown Castle Inc. (NYSE:CCI)

Hunter Associates Investment Management LLC cut its stake in shares of Crown Castle Inc. (NYSE:CCI) by 27.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,227 shares of the real estate investment trust’s stock after selling 836 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Crown Castle were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCI. Catalyst Capital Advisors LLC bought a new stake in shares of Crown Castle during the 3rd quarter valued at approximately $25,000. Rosenberg Matthew Hamilton grew its holdings in shares of Crown Castle by 107.9% during the 3rd 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 last quarter. FNY Investment Advisers LLC grew its holdings in shares of 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 during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Crown Castle during the 3rd quarter valued at approximately $47,000. Finally, Friedenthal Financial bought a new stake in shares of Crown Castle during the 3rd quarter valued at approximately $50,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Up 0.2 %

Crown Castle stock opened at $89.25 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The firm’s fifty day moving average is $94.11 and its 200 day moving average is $105.01. The company has a market capitalization of $38.79 billion, a PE ratio of 31.65 and a beta of 0.87.

Crown Castle Announces Dividend

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

Analyst Ratings Changes

CCI has been the topic of a number of research reports. Wells Fargo & Company reduced their target price on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Scotiabank reduced their target price on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a report on Thursday, January 23rd. Royal Bank of Canada boosted their target price on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. Jefferies Financial Group lowered shares of Crown Castle from a “buy” rating to a “hold” rating and reduced their target price for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. Finally, TD Cowen reduced their target price on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $110.13.

Crown Castle 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.