Mitsubishi UFJ Trust & Banking Corp Lowers Stake in Crown Castle Inc. $CCI

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Crown Castle Inc. (NYSE:CCI) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,113 shares of the real estate investment trust’s stock after selling 11,807 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Crown Castle were worth $17,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of CCI. Foresight Group Ltd Liability Partnership raised its stake in shares of Crown Castle by 25.8% during the third quarter. Foresight Group Ltd Liability Partnership now owns 103,407 shares of the real estate investment trust’s stock worth $9,950,000 after buying an additional 21,194 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Crown Castle by 15.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,963 shares of the real estate investment trust’s stock valued at $6,847,000 after acquiring an additional 9,552 shares during the last quarter. Cooke & Bieler LP grew its holdings in Crown Castle by 6.1% during the 3rd quarter. Cooke & Bieler LP now owns 2,419,034 shares of the real estate investment trust’s stock worth $233,413,000 after acquiring an additional 138,061 shares during the period. National Pension Service grew its holdings in Crown Castle by 3.5% during the 3rd quarter. National Pension Service now owns 656,795 shares of the real estate investment trust’s stock worth $63,374,000 after acquiring an additional 21,986 shares during the period. Finally, Miller Howard Investments Inc. NY bought a new stake in shares of Crown Castle during the 3rd quarter valued at $2,578,000. Institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CCI shares. BMO Capital Markets increased their price target on Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Barclays dropped their price objective on Crown Castle from $101.00 to $91.00 and set an “equal weight” rating for the company in a report on Tuesday, February 17th. Truist Financial initiated coverage on Crown Castle in a report on Tuesday, March 31st. They set a “hold” rating and a $90.00 target price on the stock. Citigroup decreased their target price on Crown Castle from $110.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Finally, UBS Group lowered their price target on Crown Castle from $116.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Crown Castle has a consensus rating of “Moderate Buy” and an average price target of $99.34.

Insider Buying and Selling

In other news, VP Robert Sean Collins sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $87.49, for a total value of $262,470.00. Following the completion of the transaction, the vice president owned 5,800 shares in the company, valued at $507,442. This represents a 34.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Edward B. Adams, Jr. sold 4,650 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total transaction of $401,481.00. Following the sale, the executive vice president directly owned 25,183 shares of the company’s stock, valued at $2,174,300.22. This represents a 15.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.09% of the company’s stock.

Crown Castle Trading Up 3.5%

NYSE:CCI opened at $88.91 on Friday. Crown Castle Inc. has a 1 year low of $75.96 and a 1 year high of $115.76. The stock has a 50-day moving average price of $85.81 and a two-hundred day moving average price of $88.27. The stock has a market cap of $38.80 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 0.44 and a beta of 0.94.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.42 million. During the same quarter last year, the firm posted $1.10 earnings per share. Crown Castle’s revenue was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Sell-side analysts forecast that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $1.0625 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $4.25 dividend on an annualized basis and a yield of 4.8%. Crown Castle’s payout ratio is presently 175.62%.

Crown Castle Profile

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.