Crown Castle Inc. (NYSE:CCI) Stock Holdings Lifted by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 558,101 shares of the real estate investment trust's stock after acquiring an additional 6,220 shares during the quarter. Crown Castle accounts for approximately 1.7% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings, making the stock its 18th largest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned 0.13% of Crown Castle worth $58,171,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CCI. Opal Wealth Advisors LLC bought a new stake in shares of Crown Castle in the 1st quarter worth approximately $26,000. Twin Tree Management LP bought a new stake in shares of Crown Castle in the 4th quarter worth approximately $25,000. American National Bank & Trust bought a new stake in shares of Crown Castle in the 1st quarter worth approximately $29,000. Capital Advisors Ltd. LLC lifted its holdings in shares of Crown Castle by 62.1% in the 1st quarter. Capital Advisors Ltd. LLC now owns 347 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 133 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Crown Castle by 95.2% in the 1st quarter. Versant Capital Management Inc now owns 408 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 199 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company's stock.

Crown Castle Trading Down 1.7%

Shares of Crown Castle stock traded down $1.74 on Friday, reaching $98.29. 2,299,843 shares of the company were exchanged, compared to its average volume of 2,911,401. The stock has a fifty day moving average price of $101.01 and a 200-day moving average price of $96.87. The firm has a market capitalization of $42.80 billion, a price-to-earnings ratio of 34.85 and a beta of 0.88. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92.

Crown Castle (NYSE:CCI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.72 by ($0.62). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates 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 for the quarter was down 4.8% on a year-over-year basis. During the same period last year, the firm earned $1.72 earnings per share. On average, analysts expect that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Friday, June 13th. Crown Castle's payout ratio is -39.50%.

Insider Activity at Crown Castle

In related news, EVP Edward B. Adams, Jr. sold 8,000 shares of the company's stock in a transaction on Friday, May 2nd. The stock was 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 of the company's stock, valued at approximately $2,183,563.36. The trade was a 28.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel K. Schlanger sold 20,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $106.38, for a total value of $2,127,600.00. Following the completion of the transaction, the chief executive officer now owns 110,571 shares in the company, valued at $11,762,542.98. This trade represents a 15.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,600 shares of company stock valued at $3,362,752. Company insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CCI. Royal Bank of Canada raised their price target on Crown Castle from $107.00 to $112.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Wall Street Zen lowered Crown Castle from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. reduced their price target on Crown Castle from $121.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Wolfe Research upgraded Crown Castle from an "underperform" rating to a "peer perform" rating in a research report on Monday, March 17th. Finally, Scotiabank boosted their price target on Crown Castle from $99.00 to $109.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $112.71.

About Crown Castle

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.