Yousif Capital Management LLC Sells 4,687 Shares of Crown Castle Inc. (NYSE:CCI)

Yousif Capital Management LLC trimmed its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 5.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 74,132 shares of the real estate investment trust’s stock after selling 4,687 shares during the quarter. Yousif Capital Management LLC’s holdings in Crown Castle were worth $8,539,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Operose Advisors LLC bought a new stake in shares of Crown Castle in the 3rd quarter valued at $30,000. Valley National Advisers Inc. increased its stake in Crown Castle by 51.1% in the fourth quarter. Valley National Advisers Inc. now owns 287 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 97 shares in the last quarter. HHM Wealth Advisors LLC increased its stake in Crown Castle by 154.8% in the third quarter. HHM Wealth Advisors LLC now owns 395 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 240 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in Crown Castle by 43.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 372 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 113 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in Crown Castle by 123.3% in the 3rd quarter. Larson Financial Group LLC now owns 480 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 265 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

CCI has been the subject of several recent research reports. Royal Bank of Canada boosted their price objective on Crown Castle from $92.00 to $109.00 and gave the company a “sector perform” rating in a report on Wednesday, February 21st. Jefferies Financial Group decreased their price target on shares of Crown Castle from $126.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Wells Fargo & Company decreased their price target on shares of 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. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Crown Castle from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday. Finally, Bank of America decreased their target price on shares of Crown Castle from $120.00 to $105.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $113.29.

Crown Castle Stock Performance

CCI stock opened at $95.02 on Thursday. The firm has a market cap of $41.29 billion, a PE ratio of 29.83, a P/E/G ratio of 2.54 and a beta of 0.73. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 3.73. The business has a 50 day moving average of $104.22 and a 200-day moving average of $105.33. Crown Castle Inc. has a 12-month low of $84.72 and a 12-month high of $123.79.

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

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date of this dividend was Thursday, March 14th. Crown Castle’s dividend payout ratio is currently 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.