MUFG Securities EMEA plc Has $1.59 Million Stock Position in Crown Castle Inc. $CCI

MUFG Securities EMEA plc lifted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 114.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,873 shares of the real estate investment trust’s stock after purchasing an additional 9,538 shares during the quarter. MUFG Securities EMEA plc’s holdings in Crown Castle were worth $1,588,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Foresight Group Ltd Liability Partnership boosted its stake in Crown Castle by 25.8% in the third quarter. Foresight Group Ltd Liability Partnership now owns 103,407 shares of the real estate investment trust’s stock valued at $9,950,000 after buying an additional 21,194 shares in the last quarter. Aberdeen Group plc boosted its stake in Crown Castle by 13.9% in the fourth quarter. Aberdeen Group plc now owns 1,052,667 shares of the real estate investment trust’s stock valued at $93,551,000 after buying an additional 128,212 shares in the last quarter. Vinva Investment Management Ltd boosted its stake in Crown Castle by 30.9% in the third quarter. Vinva Investment Management Ltd now owns 197,804 shares of the real estate investment trust’s stock valued at $19,027,000 after buying an additional 46,693 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Crown Castle by 9.9% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 672,933 shares of the real estate investment trust’s stock valued at $60,086,000 after buying an additional 60,497 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Crown Castle by 12.5% in the third quarter. Principal Financial Group Inc. now owns 685,398 shares of the real estate investment trust’s stock valued at $66,134,000 after purchasing an additional 76,064 shares during the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCI has been the subject of several research reports. JPMorgan Chase & Co. dropped their target price on Crown Castle from $110.00 to $95.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Wolfe Research cut Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, May 20th. UBS Group decreased their target price 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. Barclays raised their target price on Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.52.

Crown Castle Stock Down 1.2%

Shares of NYSE:CCI opened at $89.94 on Wednesday. The stock has a market cap of $39.26 billion, a price-to-earnings ratio of 37.17, a PEG ratio of 0.46 and a beta of 0.93. Crown Castle Inc. has a 12-month low of $75.96 and a 12-month high of $115.76. The business’s 50 day moving average is $86.80 and its 200 day moving average is $87.64.

Crown Castle (NYSE:CCI) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.55. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.42 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.Crown Castle’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, equities research analysts expect that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) 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.