Munich Reinsurance Co Stock Corp in Munich Has $70.53 Million Position in Crown Castle Inc. $CCI

Key Points

• Munich Reinsurance reduced its Crown Castle stake by 4.5% in the second quarter, selling 44,101 shares and retaining 931,312 shares worth approximately $70.5 million. Institutional investors collectively own 90.77% of Crown Castle.
• Crown Castle’s latest quarterly earnings missed expectations, with earnings per share of $0.22 versus the $0.39 consensus, while revenue reached $1.01 billion and declined 4.9% year over year.
• The company declared a quarterly dividend of $1.0625, equal to $4.25 annually and a 5.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.13, above the reported share price of $75.75.

Munich Reinsurance Co Stock Corp in Munich cut its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 4.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 931,312 shares of the real estate investment trust's stock after selling 44,101 shares during the quarter. Crown Castle makes up 1.6% of Munich Reinsurance Co Stock Corp in Munich's portfolio, making the stock its 20th largest holding. Munich Reinsurance Co Stock Corp in Munich owned about 0.22% of Crown Castle worth $70,528,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raiffeisen Bank International AG lifted its holdings in Crown Castle by 12.9% during the 2nd quarter. Raiffeisen Bank International AG now owns 28,585 shares of the real estate investment trust's stock valued at $2,248,000 after purchasing an additional 3,257 shares during the last quarter. Rogco LP boosted its position in Crown Castle by 19.9% in the second quarter. Rogco LP now owns 3,942 shares of the real estate investment trust's stock valued at $299,000 after buying an additional 654 shares in the last quarter. Premier Path Wealth Partners LLC grew its stake in Crown Castle by 41.6% during the second quarter. Premier Path Wealth Partners LLC now owns 4,581 shares of the real estate investment trust's stock worth $347,000 after buying an additional 1,345 shares during the last quarter. NEOS Investment Management LLC increased its holdings in shares of Crown Castle by 6.4% during the second quarter. NEOS Investment Management LLC now owns 160,862 shares of the real estate investment trust's stock worth $12,182,000 after buying an additional 9,734 shares in the last quarter. Finally, Nykredit A S acquired a new stake in shares of Crown Castle during the second quarter worth approximately $13,219,000. Institutional investors and hedge funds own 90.77% of the company's stock.

Insider Activity

In other news, VP Robert Collins sold 1,500 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $113,835.00. Following the sale, the vice president owned 5,113 shares of the company's stock, valued at $388,025.57. This trade represents a 22.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by company insiders.

Crown Castle Trading Down 2.0%

Crown Castle stock opened at $75.75 on Friday. The firm has a market capitalization of $32.23 billion, a P/E ratio of 38.45, a PEG ratio of 0.69 and a beta of 0.95. The business has a 50-day moving average of $76.28 and a 200-day moving average of $83.50. Crown Castle Inc. has a 1 year low of $69.72 and a 1 year high of $100.50.

Crown Castle (NYSE:CCI - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.05 million. Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The company's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 earnings per share. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. Research analysts anticipate that Crown Castle Inc. will post 4.39 EPS for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Tuesday, September 15th. Crown Castle's dividend payout ratio is 215.74%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CCI. Weiss Ratings reissued a "hold (c-)" rating on shares of Crown Castle in a report on Wednesday, August 19th. Wolfe Research downgraded Crown Castle from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, May 20th. BMO Capital Markets decreased their price target on shares of Crown Castle from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, July 20th. TD Cowen reduced their price objective on Crown Castle from $94.00 to $92.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. Finally, Jefferies Financial Group dropped their target price on Crown Castle from $88.00 to $82.00 and set a "hold" rating for the company in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.

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