Blue Trust Inc. Sells 1,136 Shares of Crown Castle Inc. (NYSE:CCI)

Blue Trust Inc. decreased its position in Crown Castle Inc. (NYSE:CCI) by 41.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,595 shares of the real estate investment trust’s stock after selling 1,136 shares during the quarter. Blue Trust Inc.’s holdings in Crown Castle were worth $145,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new position in Crown Castle in the third quarter worth $25,000. Rosenberg Matthew Hamilton raised its holdings in Crown Castle by 107.9% in the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 136 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in Crown Castle in the third quarter worth $47,000. FNY Investment Advisers LLC raised its holdings in Crown Castle by 300.0% in the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 300 shares in the last quarter. Finally, Investors Research Corp grew its stake in shares of Crown Castle by 57.2% in the third quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 154 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CCI. Scotiabank lowered their price target on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research report on Thursday, January 23rd. Moffett Nathanson cut their price objective on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $117.00 to $104.00 in a research report on Monday, January 13th. Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Finally, JMP Securities started coverage on shares of Crown Castle in a research report on Monday, January 27th. They set an “outperform” rating and a $115.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Crown Castle has a consensus rating of “Hold” and an average target price of $108.75.

Crown Castle Stock Performance

CCI opened at $91.29 on Friday. 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 company has a market cap of $39.67 billion, a price-to-earnings ratio of 32.37 and a beta of 0.88. The company’s 50 day moving average is $89.85 and its 200 day moving average is $103.20. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92.

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.