Segall Bryant & Hamill LLC Invests $2.92 Million in Crown Castle Inc. (NYSE:CCI)

Segall Bryant & Hamill LLC acquired a new position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,634 shares of the real estate investment trust's stock, valued at approximately $2,922,000.

Other hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new stake in shares of Crown Castle in the 3rd quarter worth approximately $25,000. EntryPoint Capital LLC bought a new stake in shares of Crown Castle in the first quarter worth about $27,000. Rosenberg Matthew Hamilton increased its holdings in Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 136 shares during the period. Asset Dedication LLC grew its position in shares of Crown Castle by 159.0% in the 2nd quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust's stock worth $27,000 after buying an additional 167 shares during the last quarter. Finally, Beacon Capital Management LLC increased its stake in shares of Crown Castle by 163.9% during the first quarter. Beacon Capital Management LLC now owns 285 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 177 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on CCI shares. UBS Group raised their price target on Crown Castle from $103.00 to $118.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Citigroup set a $128.00 price objective on shares of Crown Castle in a report on Thursday, October 17th. The Goldman Sachs Group upped their target price on Crown Castle from $105.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, September 26th. Royal Bank of Canada increased their price objective on Crown Castle from $104.00 to $109.00 and gave the stock a "sector perform" rating in a report on Monday, October 28th. Finally, Wells Fargo & Company upped their target price on shares of Crown Castle from $100.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $116.87.

Crown Castle Price Performance

Shares of CCI stock traded up $0.94 on Friday, hitting $105.44. 1,541,972 shares of the stock traded hands, compared to its average volume of 2,296,746. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a 50 day simple moving average of $110.60 and a two-hundred day simple moving average of $106.83. The firm has a market cap of $45.82 billion, a price-to-earnings ratio of 37.39 and a beta of 0.86. Crown Castle Inc. has a 52 week low of $92.48 and a 52 week high of $120.92.

Crown Castle (NYSE:CCI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.73 by ($1.03). The company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.64 billion. Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The company's quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the business earned $1.77 earnings per share. As a group, equities research analysts predict that Crown Castle Inc. will post 6.66 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $1.565 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.26 annualized dividend and a dividend yield of 5.94%. Crown Castle's dividend payout ratio (DPR) is 221.99%.

Crown Castle Company 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.