6,416 Shares in Crown Castle Inc. (NYSE:CCI) Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. acquired a new stake in shares of Crown Castle Inc. (NYSE:CCI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,416 shares of the real estate investment trust’s stock, valued at approximately $582,000.

Other large investors also recently bought and sold shares of the company. Accurate Wealth Management LLC increased its holdings in shares of Crown Castle by 5.4% during the fourth quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 124 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Crown Castle by 12.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 126 shares during the last quarter. IFP Advisors Inc increased its holdings in Crown Castle by 5.9% during the 4th quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 133 shares in the last quarter. Howard Capital Management Inc. increased its holdings in Crown Castle by 1.2% during the 4th quarter. Howard Capital Management Inc. now owns 11,475 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 135 shares in the last quarter. Finally, Cidel Asset Management Inc. raised its position in Crown Castle by 6.4% in the 4th quarter. Cidel Asset Management Inc. now owns 2,285 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Insider Transactions at Crown Castle

In other Crown Castle news, VP Robert Sean Collins sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $106.72, for a total value of $384,192.00. Following the completion of the transaction, the vice president now directly owns 6,465 shares in the company, valued at $689,944.80. This trade represents a 35.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Edward B. Adams, Jr. sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $106.37, for a total value of $850,960.00. Following the transaction, the executive vice president now directly owns 20,528 shares in the company, valued at $2,183,563.36. This trade represents a 28.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,600 shares of company stock valued at $3,362,752 in the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Crown Castle Price Performance

NYSE CCI opened at $100.71 on Friday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market cap of $43.85 billion, a price-to-earnings ratio of 35.71 and a beta of 0.93. The business has a 50 day simple moving average of $101.69 and a 200 day simple moving average of $97.66. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $120.92.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.62). The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The firm’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.72 EPS. Analysts anticipate that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date was Friday, March 14th. Crown Castle’s dividend payout ratio (DPR) is currently -58.18%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CCI. Raymond James upgraded Crown Castle from an “outperform” rating to a “strong-buy” rating and decreased their target price for the stock from $128.00 to $122.00 in a report on Friday, March 14th. Royal Bank of Canada increased their price target on shares of Crown Castle from $107.00 to $112.00 and gave the company a “sector perform” rating in a research note on Friday, May 2nd. JMP Securities upped their price target on Crown Castle from $115.00 to $125.00 and gave the company a “market outperform” rating in a research note on Thursday, May 1st. KeyCorp increased their price objective on shares of Crown Castle from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Finally, Argus raised shares of Crown Castle to a “hold” rating in a research note on Friday, March 21st. Twelve analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Crown Castle has a consensus rating of “Moderate Buy” and a consensus target price of $112.41.

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.