Bryn Mawr Capital Management LLC Has $787,000 Holdings in Crown Castle Inc. (NYSE:CCI)

Bryn Mawr Capital Management LLC raised its stake in Crown Castle Inc. (NYSE:CCI) by 2.4% in the 4th quarter, HoldingsChannel reports. The fund owned 8,670 shares of the real estate investment trust’s stock after buying an additional 200 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Crown Castle were worth $787,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new stake in Crown Castle in the 3rd quarter valued at about $25,000. Rosenberg Matthew Hamilton grew its position 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 worth $31,000 after buying an additional 136 shares during the period. FNY Investment Advisers LLC grew its position 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 worth $36,000 after buying an additional 300 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Crown Castle during the 4th quarter worth approximately $37,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Crown Castle during the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Performance

Shares of CCI opened at $91.58 on Thursday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The firm’s 50 day moving average price is $89.63 and its two-hundred day moving average price is $102.61. The firm has a market cap of $39.80 billion, a P/E ratio of 32.48 and a beta of 0.88.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 6.84%. Crown Castle’s payout ratio is currently 221.99%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and lowered their price target for the stock from $127.00 to $84.00 in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Moffett Nathanson lowered their price target on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. 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 target for the company. Finally, Citigroup decreased their price objective on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $108.75.

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.