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

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Crown Castle Inc. (NYSE:CCI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,060,603 shares of the real estate investment trust’s stock, valued at approximately $80,319,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.24% of Crown Castle at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OneDigital Investment Advisors LLC purchased a new position in shares of Crown Castle during the 2nd quarter valued at $266,000. Plato Investment Management Ltd purchased a new stake in Crown Castle in the 2nd quarter worth $692,000. J.Safra Asset Management Corp purchased a new stake in Crown Castle in the 2nd quarter worth $42,000. Global Retirement Partners LLC purchased a new stake in Crown Castle in the 2nd quarter worth $705,000. Finally, Bank of New York Mellon Corp bought a new stake in Crown Castle during the second quarter valued at about $168,855,000. 90.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Crown Castle Stock Down 0.5%

Shares of CCI stock opened at $74.04 on Wednesday. The company’s fifty day simple moving average is $78.90 and its two-hundred day simple moving average is $84.34. Crown Castle Inc. has a 52 week low of $69.72 and a 52 week high of $104.61. The stock has a market cap of $31.50 billion, a P/E ratio of 37.58, a PEG ratio of 0.40 and a beta of 0.95.

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

Crown Castle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid 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 yield of 5.7%. Crown Castle’s dividend payout ratio is presently 215.74%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CCI. BMO Capital Markets lowered their price objective on Crown Castle from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. The Goldman Sachs Group started coverage on Crown Castle in a research note on Friday, June 26th. They set a “neutral” rating and a $95.00 target price on the stock. KeyCorp boosted their price target on Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Crown Castle in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Crown Castle presently has an average rating of “Moderate Buy” and a consensus price target of $95.13.

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.