Mitsubishi UFJ Trust & Banking Corp Sells 150,832 Shares of Crown Castle Inc. $CCI

Mitsubishi UFJ Trust & Banking Corp reduced its position in Crown Castle Inc. (NYSE:CCI) by 11.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,135,140 shares of the real estate investment trust’s stock after selling 150,832 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.26% of Crown Castle worth $116,613,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Crown Castle by 10.2% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,552 shares of the real estate investment trust’s stock worth $5,707,000 after purchasing an additional 5,144 shares during the last quarter. Inspire Trust Co. N.A. grew its stake in shares of Crown Castle by 25.0% in the 1st quarter. Inspire Trust Co. N.A. now owns 20,000 shares of the real estate investment trust’s stock worth $2,085,000 after buying an additional 4,000 shares in the last quarter. American Assets Investment Management LLC bought a new stake in shares of Crown Castle in the 1st quarter worth about $10,395,000. Cbre Investment Management Listed Real Assets LLC raised its position in shares of Crown Castle by 1.1% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 751,212 shares of the real estate investment trust’s stock valued at $78,299,000 after buying an additional 8,308 shares in the last quarter. Finally, Dark Forest Capital Management LP raised its position in shares of Crown Castle by 36.3% during the 1st quarter. Dark Forest Capital Management LP now owns 45,309 shares of the real estate investment trust’s stock valued at $4,723,000 after buying an additional 12,063 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Performance

Shares of NYSE CCI opened at $94.34 on Wednesday. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $115.76. The company has a market cap of $41.08 billion, a price-to-earnings ratio of -8.88, a PEG ratio of 0.68 and a beta of 0.94. The business’s 50 day moving average price is $94.80 and its 200-day moving average price is $99.90.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.08. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 95.37%.The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business earned $1.84 EPS. Crown Castle’s revenue was down 4.3% compared to the same quarter last year. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. Sell-side analysts predict that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $1.0625 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.5%. Crown Castle’s dividend payout ratio is presently -39.98%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CCI shares. Royal Bank Of Canada set a $112.00 price target on Crown Castle and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. BMO Capital Markets lowered their price objective on Crown Castle from $120.00 to $114.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. Barclays boosted their target price on Crown Castle from $119.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, September 15th. Wells Fargo & Company decreased their price target on Crown Castle from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Finally, Scotiabank lifted their price objective on shares of Crown Castle from $109.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Crown Castle has an average rating of “Moderate Buy” and an average target price of $113.12.

Insider Buying and Selling

In related news, EVP Daniel K. Schlanger sold 30,000 shares of Crown Castle stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $98.08, for a total transaction of $2,942,400.00. Following the completion of the sale, the executive vice president owned 65,571 shares in the company, valued at $6,431,203.68. This trade represents a 31.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Crown Castle Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.