Yousif Capital Management LLC Has $8.54 Million Stock Position in Crown Castle Inc. (NYSE:CCI)

Yousif Capital Management LLC reduced its position in Crown Castle Inc. (NYSE:CCI) by 5.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 74,132 shares of the real estate investment trust’s stock after selling 4,687 shares during the period. Yousif Capital Management LLC’s holdings in Crown Castle were worth $8,539,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in Crown Castle in the fourth quarter worth about $278,000. Parkside Financial Bank & Trust grew its position in shares of Crown Castle by 41.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,401 shares of the real estate investment trust’s stock worth $507,000 after buying an additional 1,286 shares during the period. National Wealth Management Group LLC acquired a new stake in Crown Castle during the 4th quarter worth $783,000. California Public Employees Retirement System grew its holdings in Crown Castle by 1.1% during the 4th quarter. California Public Employees Retirement System now owns 2,520,391 shares of the real estate investment trust’s stock worth $290,324,000 after acquiring an additional 27,323 shares during the period. Finally, Stock Yards Bank & Trust Co. grew its holdings in Crown Castle by 8.2% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 19,283 shares of the real estate investment trust’s stock worth $2,221,000 after acquiring an additional 1,456 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Price Performance

Shares of NYSE CCI opened at $95.02 on Thursday. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 3.73. The firm has a market cap of $41.29 billion, a PE ratio of 29.83, a PEG ratio of 2.54 and a beta of 0.73. The company has a fifty day moving average price of $104.22 and a 200 day moving average price of $105.33. Crown Castle Inc. has a 1-year low of $84.72 and a 1-year high of $123.79.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share 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 analyst estimates of $1.63 billion. During the same period in the prior year, the company earned $1.91 earnings per share. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. Research analysts predict that Crown Castle Inc. will post 6.59 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently announced 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. This represents a $6.26 annualized dividend and a yield of 6.59%. The ex-dividend date was Thursday, March 14th. Crown Castle’s payout ratio is 195.63%.

Analysts Set New Price Targets

CCI has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Crown Castle from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday. BMO Capital Markets decreased their target price on Crown Castle from $110.00 to $105.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. Argus lowered Crown Castle from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Royal Bank of Canada boosted their price objective on shares of Crown Castle from $92.00 to $109.00 and gave the company a “sector perform” rating in a report on Wednesday, February 21st. Finally, Wells Fargo & Company decreased their price objective on shares of Crown Castle from $115.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, April 19th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $113.29.

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.