Bryn Mawr Capital Management LLC Acquires 200 Shares of Crown Castle Inc. (NYSE:CCI)

Bryn Mawr Capital Management LLC grew its holdings in Crown Castle Inc. (NYSE:CCI) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,670 shares of the real estate investment trust’s stock after acquiring an additional 200 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Crown Castle were worth $787,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new stake in Crown Castle in the third quarter worth approximately $25,000. Rosenberg Matthew Hamilton boosted its holdings 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. Harbor Capital Advisors Inc. bought a new stake in shares of Crown Castle during the 3rd quarter worth $47,000. FNY Investment Advisers LLC boosted its holdings 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. Finally, Roxbury Financial LLC bought a new stake in shares of Crown Castle during the 4th quarter worth $37,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Trading Down 1.9 %

Shares of CCI stock opened at $91.58 on Thursday. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The company has a market capitalization of $39.80 billion, a P/E ratio of 32.48 and a beta of 0.88. The firm has a 50-day moving average price of $89.63 and a 200 day moving average price of $102.61. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CCI. Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Scotiabank decreased their price objective on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a report on Thursday, January 23rd. JMP Securities initiated coverage on shares of Crown Castle in a research note on Monday, January 27th. They set an “outperform” rating and a $115.00 target price for the company. Finally, Barclays upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $117.00 to $104.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Crown Castle currently has an average rating of “Hold” and a consensus price target 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.