Bryn Mawr Capital Management LLC Sells 726 Shares of Crown Castle Inc. (NYSE:CCI)

Bryn Mawr Capital Management LLC reduced its position in shares of Crown Castle Inc. (NYSE:CCI) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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.

A number of other hedge funds also recently made changes to their positions in the stock. Motley Fool Asset Management LLC grew its stake in shares of Crown Castle by 7.2% during the 4th quarter. Motley Fool Asset Management LLC now owns 11,943 shares of the real estate investment trust’s stock valued at $1,376,000 after acquiring an additional 802 shares during the period. Syon Capital LLC grew its stake in shares of Crown Castle by 10.8% during the 4th quarter. Syon Capital LLC now owns 3,005 shares of the real estate investment trust’s stock valued at $346,000 after acquiring an additional 294 shares during the period. Meritage Portfolio Management grew its stake in shares of Crown Castle by 103.0% during the 4th quarter. Meritage Portfolio Management now owns 28,228 shares of the real estate investment trust’s stock valued at $3,252,000 after acquiring an additional 14,322 shares during the period. Lyell Wealth Management LP grew its stake in shares of Crown Castle by 19.0% during the 4th quarter. Lyell Wealth Management LP now owns 31,690 shares of the real estate investment trust’s stock valued at $3,650,000 after acquiring an additional 5,059 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Crown Castle by 6.4% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,701 shares of the real estate investment trust’s stock valued at $1,117,000 after acquiring an additional 587 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CCI. Wells Fargo & Company cut their price objective on Crown Castle from $115.00 to $100.00 and set an “equal weight” rating for the company in a research note on Friday, April 19th. BMO Capital Markets lowered their price target on Crown Castle from $110.00 to $105.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Scotiabank lowered their price target on Crown Castle from $133.00 to $118.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Royal Bank of Canada boosted their price target on Crown Castle from $92.00 to $109.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 21st. Finally, Jefferies Financial Group lowered their price target on Crown Castle from $126.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $113.29.

Crown Castle Stock Down 0.7 %

Shares of CCI opened at $93.57 on Friday. The stock has a market capitalization of $40.66 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 2.51 and a beta of 0.73. Crown Castle Inc. has a 1 year low of $84.72 and a 1 year high of $123.79. The business’s 50 day simple moving average is $103.65 and its 200-day simple moving average is $105.25. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.42 and a quick ratio of 0.40.

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

Crown Castle Dividend Announcement

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

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.