Munich Reinsurance Co Stock Corp in Munich Sells 44,101 Shares of Crown Castle Inc. $CCI

Munich Reinsurance Co Stock Corp in Munich cut its stake in Crown Castle Inc. (NYSE:CCI) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 931,312 shares of the real estate investment trust’s stock after selling 44,101 shares during the period. Crown Castle makes up 1.6% of Munich Reinsurance Co Stock Corp in Munich’s holdings, making the stock its 20th largest position. Munich Reinsurance Co Stock Corp in Munich’s holdings in Crown Castle were worth $70,528,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in shares of Crown Castle by 7.5% in the 1st quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust’s stock valued at $1,714,000 after purchasing an additional 1,150 shares during the period. First Trust Advisors LP boosted its position in shares of Crown Castle by 6.9% during the second quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust’s stock worth $9,000,000 after buying an additional 5,630 shares during the period. Baird Financial Group Inc. grew its holdings in shares of Crown Castle by 3.7% during the second quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust’s stock worth $786,000 after buying an additional 272 shares in the last quarter. Jump Financial LLC raised its position in Crown Castle by 49.3% in the 2nd quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust’s stock valued at $1,121,000 after buying an additional 3,603 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in Crown Castle by 5.6% in the 2nd quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust’s stock valued at $509,000 after buying an additional 261 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Trading Down 2.0%

Shares of CCI opened at $75.75 on Friday. The company has a market cap of $32.23 billion, a price-to-earnings ratio of 38.45, a PEG ratio of 0.69 and a beta of 0.95. Crown Castle Inc. has a 1-year low of $69.72 and a 1-year high of $100.50. The company’s fifty day simple moving average is $76.28 and its 200 day simple moving average is $83.50.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.17). Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.05 million. During the same quarter in the prior year, the business earned $0.67 EPS. The business’s revenue was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, research analysts forecast that Crown Castle Inc. will post 4.39 earnings per share for the current year.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Crown Castle’s dividend payout ratio is presently 215.74%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Royal Bank Of Canada reduced their price target on Crown Castle from $92.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. TD Cowen lowered their price objective on shares of Crown Castle from $94.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. The Goldman Sachs Group started coverage on shares of Crown Castle in a research report on Friday, June 26th. They issued a “neutral” rating and a $95.00 price objective on the stock. Citigroup restated a “market outperform” rating on shares of Crown Castle in a report on Friday, July 24th. Finally, Wolfe Research lowered shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.13.

Insider Transactions at Crown Castle

In related news, VP Robert Collins sold 1,500 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $75.89, for a total value of $113,835.00. Following the completion of the sale, the vice president directly owned 5,113 shares in the company, valued at approximately $388,025.57. This trade represents a 22.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

Crown Castle Company 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.