Munich Reinsurance Co Stock Corp in Munich Increases Holdings in Crown Castle Inc. $CCI

Munich Reinsurance Co Stock Corp in Munich raised its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 30.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 975,413 shares of the real estate investment trust’s stock after purchasing an additional 227,609 shares during the period. Crown Castle accounts for about 1.9% of Munich Reinsurance Co Stock Corp in Munich’s holdings, making the stock its 15th largest holding. Munich Reinsurance Co Stock Corp in Munich’s holdings in Crown Castle were worth $79,311,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Personal CFO Solutions LLC bought a new stake in shares of Crown Castle in the 1st quarter worth approximately $228,000. KERR FINANCIAL PLANNING Corp raised its holdings in shares of Crown Castle by 143.7% during the first quarter. KERR FINANCIAL PLANNING Corp now owns 1,455 shares of the real estate investment trust’s stock valued at $124,000 after acquiring an additional 858 shares in the last quarter. United Asset Strategies Inc. lifted its stake in Crown Castle by 14.0% in the first quarter. United Asset Strategies Inc. now owns 5,619 shares of the real estate investment trust’s stock worth $457,000 after acquiring an additional 688 shares during the period. Swedbank AB lifted its stake in Crown Castle by 3.2% in the first quarter. Swedbank AB now owns 316,393 shares of the real estate investment trust’s stock worth $25,726,000 after acquiring an additional 9,919 shares during the period. Finally, Busey Bank boosted its holdings in Crown Castle by 2.2% in the first quarter. Busey Bank now owns 83,434 shares of the real estate investment trust’s stock valued at $6,784,000 after acquiring an additional 1,775 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Stock Down 0.3%

Shares of CCI stock opened at $76.96 on Thursday. The stock has a market cap of $33.59 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 0.39 and a beta of 0.95. The business’s fifty day moving average is $87.05 and its 200 day moving average is $86.58. Crown Castle Inc. has a twelve month low of $73.75 and a twelve month high of $115.76.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.41 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Equities research analysts expect that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is presently 175.62%.

Wall Street Analyst Weigh In

CCI has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price objective on shares of Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a research report on Tuesday, April 14th. KeyCorp raised their target price on shares of Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. BMO Capital Markets lifted their target price on shares of Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Barclays boosted their price target on shares of Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Finally, Scotiabank decreased their price target on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 7th. Two 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 company. Based on data from MarketBeat.com, Crown Castle presently has an average rating of “Moderate Buy” and a consensus price target of $98.52.

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.