Trust Co. of Vermont Acquires 323 Shares of Crown Castle Inc. (NYSE:CCI)

Trust Co. of Vermont raised its holdings 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 fund owned 1,555 shares of the real estate investment trust’s stock after buying an additional 323 shares during the quarter. Trust Co. of Vermont’s holdings in Crown Castle were worth $141,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CCI. Pinnacle Bancorp Inc. increased its position in Crown Castle by 13.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 783 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 90 shares during the period. Pathway Financial Advisers LLC increased its stake in shares of Crown Castle by 2.4% during the second quarter. Pathway Financial Advisers LLC now owns 3,869 shares of the real estate investment trust’s stock worth $376,000 after acquiring an additional 91 shares during the period. True North Advisors LLC raised its holdings in Crown Castle by 4.2% during the third quarter. True North Advisors LLC now owns 2,345 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 95 shares in the last quarter. Malaga Cove Capital LLC lifted its position in Crown Castle by 1.8% in the third quarter. Malaga Cove Capital LLC now owns 5,546 shares of the real estate investment trust’s stock valued at $658,000 after purchasing an additional 100 shares during the period. Finally, Tsfg LLC boosted its holdings in Crown Castle by 27.5% in the 3rd quarter. Tsfg LLC now owns 542 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 117 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CCI. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and cut their price target for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. Citigroup set a $128.00 price objective on shares of Crown Castle in a report on Thursday, October 17th. Royal Bank of Canada increased their target price on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. Finally, TD Cowen decreased their price target on Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $113.00.

Crown Castle Trading Up 0.4 %

Shares of Crown Castle stock opened at $91.03 on Monday. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The business’s fifty day moving average is $96.66 and its two-hundred day moving average is $105.61. 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 firm has a market cap of $39.56 billion, a PE ratio of 32.28 and a beta of 0.87.

Crown Castle Dividend Announcement

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

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.