Mitsubishi UFJ Asset Management Co. Ltd. Makes New $80.32 Million Investment in Crown Castle Inc. $CCI

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Crown Castle Inc. (NYSE:CCI) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 1,060,603 shares of the real estate investment trust’s stock, valued at approximately $80,319,000.

A number of other large investors have also recently made changes to their positions in CCI. Empowered Funds LLC lifted its holdings 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 acquiring an additional 1,150 shares during the last quarter. First Trust Advisors LP increased its stake in 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 acquiring an additional 5,630 shares during the last quarter. Baird Financial Group Inc. increased its stake in 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 acquiring an additional 272 shares during the last quarter. Jump Financial LLC raised its position in Crown Castle by 49.3% during the second quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust’s stock valued at $1,121,000 after purchasing an additional 3,603 shares during the period. Finally, Federated Hermes Inc. raised its position in Crown Castle by 5.6% during the second quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust’s stock valued at $509,000 after purchasing an additional 261 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CCI. Wolfe Research cut Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th. Raymond James Financial increased their price target on Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a report on Thursday, April 23rd. BMO Capital Markets lowered their price target on Crown Castle from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Citigroup reaffirmed a “market outperform” rating on shares of Crown Castle in a research note on Friday, July 24th. Finally, Citizens Jmp decreased their price objective on shares of Crown Castle from $125.00 to $120.00 and set a “market outperform” rating for the company in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.13.

Insider Buying and Selling at Crown Castle

In other news, VP Robert Sean Collins sold 1,500 shares of Crown Castle stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $75.89, for a total transaction of $113,835.00. Following the completion of the sale, the vice president owned 5,113 shares of the company’s stock, valued at approximately $388,025.57. The trade was a 22.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Crown Castle Trading Down 0.5%

Shares of CCI opened at $74.04 on Wednesday. The firm has a fifty day moving average price of $78.90 and a 200-day moving average price of $84.34. The firm has a market capitalization of $31.50 billion, a P/E ratio of 37.58, a P/E/G ratio of 0.40 and a beta of 0.95. Crown Castle Inc. has a 12-month low of $69.72 and a 12-month high of $104.61.

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

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $1.0625 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.7%. Crown Castle’s dividend payout ratio (DPR) is 215.74%.

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.