Segall Bryant & Hamill LLC Lowers Stake in Crown Castle Inc. (NYSE:CCI)

Segall Bryant & Hamill LLC cut its position in Crown Castle Inc. (NYSE:CCI) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,328 shares of the real estate investment trust’s stock after selling 306 shares during the period. Segall Bryant & Hamill LLC’s holdings in Crown Castle were worth $2,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Accurate Wealth Management LLC boosted its holdings in Crown Castle by 5.4% in the 4th quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 124 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Crown Castle by 12.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 126 shares during the period. IFP Advisors Inc grew its position in shares of Crown Castle by 5.9% during the fourth quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 133 shares in the last quarter. Howard Capital Management Inc. raised its stake in Crown Castle by 1.2% during the 4th quarter. Howard Capital Management Inc. now owns 11,475 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 135 shares during the period. Finally, Cidel Asset Management Inc. lifted its holdings in Crown Castle by 6.4% in the 4th quarter. Cidel Asset Management Inc. now owns 2,285 shares of the real estate investment trust’s stock worth $207,000 after purchasing an additional 137 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Trading Up 1.5 %

Shares of NYSE CCI opened at $102.61 on Friday. The business’s 50 day moving average price is $93.95 and its 200-day moving average price is $100.88. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $44.68 billion, a price-to-earnings ratio of 36.38 and a beta of 0.89.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.565 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 6.10%. Crown Castle’s dividend payout ratio (DPR) is -69.71%.

Analyst Ratings Changes

CCI has been the subject of a number of research analyst reports. Scotiabank cut their price objective on shares of Crown Castle from $102.00 to $99.00 and set a “sector perform” rating for the company in a report on Friday, March 14th. JPMorgan Chase & Co. reduced their price target on shares of Crown Castle from $121.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. UBS Group raised Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 price target for the company in a research note on Friday, March 14th. Bank of America started coverage on shares of Crown Castle in a report on Thursday, March 20th. They issued a “neutral” rating and a $110.00 target price for the company. Finally, Barclays upped their price target on shares of Crown Castle from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, March 17th. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Crown Castle presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

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.