Mitsubishi UFJ Asset Management Co. Ltd. Has $81.28 Million Holdings in Crown Castle Inc. $CCI

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 916,392 shares of the real estate investment trust’s stock after purchasing an additional 43,276 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Crown Castle were worth $81,284,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CCI. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Crown Castle by 591.8% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,471,120 shares of the real estate investment trust’s stock worth $431,418,000 after buying an additional 3,824,778 shares during the last quarter. Principal Financial Group Inc. raised its stake in Crown Castle by 422.5% during the fourth quarter. Principal Financial Group Inc. now owns 3,581,154 shares of the real estate investment trust’s stock worth $318,258,000 after buying an additional 2,895,756 shares during the last quarter. Invesco Ltd. raised its stake in Crown Castle by 33.2% during the third quarter. Invesco Ltd. now owns 6,437,685 shares of the real estate investment trust’s stock worth $621,172,000 after buying an additional 1,605,291 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new position in Crown Castle during the third quarter worth $121,726,000. Finally, Daiwa Securities Group Inc. raised its stake in Crown Castle by 42.3% during the third quarter. Daiwa Securities Group Inc. now owns 3,931,258 shares of the real estate investment trust’s stock worth $379,327,000 after buying an additional 1,168,132 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Crown Castle from $110.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. HSBC lowered their target price on shares of Crown Castle from $107.00 to $88.40 and set a “hold” rating for the company in a research note on Thursday, February 5th. Barclays lifted their target price on shares of Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Monday. Scotiabank lowered their target price on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 7th. Finally, KeyCorp lifted their target price on shares of Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.39.

Insider Buying and Selling at Crown Castle

In other Crown Castle news, EVP Edward B. Adams, Jr. sold 4,650 shares of Crown Castle stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $86.34, for a total value of $401,481.00. Following the completion of the sale, the executive vice president directly owned 25,183 shares of the company’s stock, valued at approximately $2,174,300.22. The trade was a 15.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert Sean Collins sold 3,000 shares of Crown Castle stock in a transaction on Friday, February 27th. The shares were sold at an average price of $87.49, for a total transaction of $262,470.00. Following the completion of the sale, the vice president directly owned 5,800 shares of the company’s stock, valued at approximately $507,442. This trade represents a 34.09% decrease in their ownership of the stock. 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 0.9%

CCI opened at $91.04 on Friday. Crown Castle Inc. has a 1-year low of $75.96 and a 1-year high of $115.76. The company has a market cap of $39.73 billion, a P/E ratio of 37.62, a price-to-earnings-growth ratio of 0.46 and a beta of 0.93. The company has a fifty day moving average price of $85.93 and a two-hundred day moving average price of $87.99.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.55. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.42 million. During the same period in the previous year, the firm posted $1.10 earnings per share. The business’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. On average, research analysts forecast that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Announces Dividend

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. This represents a $4.25 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Friday, March 13th. Crown Castle’s payout ratio is 175.62%.

About Crown Castle

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.