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

Mufg Securities Americas Inc. acquired a new stake in Crown Castle Inc. (NYSE:CCI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,416 shares of the real estate investment trust's stock, valued at approximately $582,000.

A number of other hedge funds have also recently modified their holdings of the company. Accurate Wealth Management LLC grew its holdings in shares of Crown Castle by 5.4% in the fourth quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust's stock valued at $205,000 after purchasing an additional 124 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Crown Castle by 12.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust's stock valued at $103,000 after purchasing an additional 126 shares during the period. IFP Advisors Inc grew its holdings in shares of Crown Castle by 5.9% in the fourth 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 during the period. Howard Capital Management Inc. lifted its position in Crown Castle by 1.2% in the fourth quarter. Howard Capital Management Inc. now owns 11,475 shares of the real estate investment trust's stock valued at $1,041,000 after buying an additional 135 shares during the last quarter. Finally, Cidel Asset Management Inc. lifted its position in Crown Castle by 6.4% in the fourth quarter. Cidel Asset Management Inc. now owns 2,285 shares of the real estate investment trust's stock valued at $207,000 after buying an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company's stock.

Crown Castle Stock Up 1.5%

Crown Castle stock traded up $1.53 during mid-day trading on Friday, hitting $102.30. The company had a trading volume of 2,966,793 shares, compared to its average volume of 2,879,350. The stock has a market cap of $44.55 billion, a price-to-earnings ratio of 36.28 and a beta of 0.93. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The business has a fifty day moving average of $101.78 and a 200 day moving average of $97.49.

Crown Castle (NYSE:CCI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $1.10 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.62). The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The business's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.72 earnings per share. On average, sell-side analysts expect that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $1.565 per share. The ex-dividend date was Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.12%. Crown Castle's dividend payout ratio (DPR) is presently -58.18%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. StockNews.com raised shares of Crown Castle from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Wells Fargo & Company raised shares of Crown Castle from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $85.00 to $105.00 in a research report on Monday, March 17th. Moffett Nathanson decreased their target price on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. New Street Research raised shares of Crown Castle from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Crown Castle from $116.00 to $96.00 and set a "hold" rating on the stock in a research report on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating, six have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $112.41.

Insider Transactions at Crown Castle

In other news, EVP Edward B. Adams, Jr. sold 8,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $106.37, for a total transaction of $850,960.00. Following the transaction, the executive vice president now directly owns 20,528 shares in the company, valued at approximately $2,183,563.36. This trade represents a 28.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $384,192.00. Following the transaction, the vice president now owns 6,465 shares in the company, valued at approximately $689,944.80. This trade represents a 35.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,600 shares of company stock worth $3,362,752. Insiders own 0.10% of the company's stock.

Crown Castle 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.