MUFG Securities EMEA plc Acquires 9,538 Shares of Crown Castle Inc. $CCI

MUFG Securities EMEA plc raised its position in Crown Castle Inc. (NYSE:CCI) by 114.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,873 shares of the real estate investment trust’s stock after acquiring an additional 9,538 shares during the period. MUFG Securities EMEA plc’s holdings in Crown Castle were worth $1,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CCI. Wiser Advisor Group LLC bought a new stake in shares of Crown Castle in the third quarter valued at $29,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Crown Castle in the third quarter valued at $31,000. Triumph Capital Management purchased a new position in shares of Crown Castle in the third quarter valued at $31,000. Salomon & Ludwin LLC grew its position in shares of Crown Castle by 128.7% in the fourth quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 215 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its position in Crown Castle by 269.9% during the third quarter. Cornerstone Planning Group LLC now owns 381 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 278 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CCI has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Zacks Research upgraded Crown Castle from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Scotiabank cut their price objective on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a report on Tuesday, April 7th. HSBC cut their price objective on Crown Castle from $107.00 to $88.40 and set a “hold” rating for the company in a report on Thursday, February 5th. Finally, UBS Group cut their price objective on Crown Castle from $116.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.52.

Crown Castle Price Performance

CCI opened at $89.94 on Wednesday. The business has a 50 day simple moving average of $86.80 and a two-hundred day simple moving average of $87.64. The firm has a market capitalization 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 one year low of $75.96 and a one year high of $115.76.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.55. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, sell-side analysts expect that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $1.0625 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.7%. Crown Castle’s dividend payout ratio is currently 175.62%.

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.