Bryn Mawr Capital Management LLC Decreases Stock Position in Crown Castle Inc. (NYSE:CCI)

Bryn Mawr Capital Management LLC reduced its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,145 shares of the real estate investment trust’s stock after selling 726 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Crown Castle were worth $938,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CCI. The Manufacturers Life Insurance Company boosted its stake in shares of Crown Castle by 42.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,083,665 shares of the real estate investment trust’s stock valued at $651,910,000 after buying an additional 2,121,603 shares during the last quarter. Barclays PLC boosted its stake in shares of Crown Castle by 217.9% during the 3rd quarter. Barclays PLC now owns 3,058,133 shares of the real estate investment trust’s stock valued at $281,439,000 after buying an additional 2,096,272 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Crown Castle by 21.9% during the 3rd quarter. Wellington Management Group LLP now owns 10,134,538 shares of the real estate investment trust’s stock valued at $932,682,000 after buying an additional 1,818,910 shares during the last quarter. FMR LLC boosted its stake in shares of Crown Castle by 14.3% during the 3rd quarter. FMR LLC now owns 11,936,611 shares of the real estate investment trust’s stock valued at $1,098,526,000 after buying an additional 1,496,330 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Crown Castle by 8.9% during the 3rd quarter. Morgan Stanley now owns 13,078,861 shares of the real estate investment trust’s stock valued at $1,203,648,000 after buying an additional 1,064,382 shares during the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Crown Castle from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. Wells Fargo & Company dropped their price target on Crown Castle from $115.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, April 19th. Argus lowered Crown Castle from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Royal Bank of Canada upped their price target on Crown Castle from $92.00 to $109.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 21st. Finally, Barclays upped their price target on Crown Castle from $111.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Crown Castle currently has a consensus rating of “Hold” and an average price target of $113.29.

Crown Castle Price Performance

Shares of NYSE CCI opened at $93.57 on Friday. Crown Castle Inc. has a 1-year low of $84.72 and a 1-year high of $123.79. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.42 and a quick ratio of 0.40. The business’s fifty day moving average price is $103.65 and its two-hundred day moving average price is $105.25. The firm has a market capitalization of $40.66 billion, a PE ratio of 29.24, a P/E/G ratio of 2.51 and a beta of 0.73.

Crown Castle (NYSE:CCI) last issued its quarterly earnings results on Wednesday, April 17th. The real estate investment trust reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.92). The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. Crown Castle’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the business posted $1.91 earnings per share. On average, research analysts expect that Crown Castle Inc. will post 6.59 EPS for the current year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date of this dividend was Thursday, March 14th. Crown Castle’s dividend payout ratio (DPR) is 195.63%.

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.