Mitsubishi UFJ Asset Management Co. Ltd. Has $48.41 Million Holdings in Crown Castle Inc. (NYSE:CCI)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Crown Castle Inc. (NYSE:CCI - Free Report) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 426,560 shares of the real estate investment trust's stock after purchasing an additional 25,347 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.10% of Crown Castle worth $48,410,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fifth Third Bancorp lifted its position in shares of Crown Castle by 8.7% in the third quarter. Fifth Third Bancorp now owns 45,921 shares of the real estate investment trust's stock worth $4,226,000 after purchasing an additional 3,688 shares in the last quarter. Beacon Investment Advisory Services Inc. boosted its stake in shares of Crown Castle by 8.2% during the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 2,570 shares of the real estate investment trust's stock valued at $237,000 after buying an additional 195 shares during the period. Panagora Asset Management Inc. grew its holdings in shares of Crown Castle by 46.5% during the 3rd quarter. Panagora Asset Management Inc. now owns 494,846 shares of the real estate investment trust's stock valued at $45,541,000 after acquiring an additional 156,960 shares in the last quarter. Teamwork Financial Advisors LLC increased its stake in shares of Crown Castle by 28.8% in the third quarter. Teamwork Financial Advisors LLC now owns 2,380 shares of the real estate investment trust's stock worth $219,000 after acquiring an additional 532 shares during the last quarter. Finally, Garland Capital Management Inc. raised its holdings in shares of Crown Castle by 8.7% during the third quarter. Garland Capital Management Inc. now owns 26,160 shares of the real estate investment trust's stock worth $2,408,000 after acquiring an additional 2,085 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company's stock.

Crown Castle Stock Performance

CCI traded up $2.46 during trading on Wednesday, reaching $103.52. 2,775,979 shares of the company's stock were exchanged, compared to its average volume of 2,894,820. The company has a market capitalization of $44.98 billion, a P/E ratio of 32.23, a PEG ratio of 2.67 and a beta of 0.76. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 3.73. The business has a 50 day moving average price of $100.87 and a 200 day moving average price of $106.01. Crown Castle Inc. has a fifty-two week low of $84.72 and a fifty-two week high of $119.50.

Crown Castle (NYSE:CCI - Get Free Report) last issued its earnings results on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.92). Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the firm posted $1.91 earnings per share. Crown Castle's revenue was down 7.4% on a year-over-year basis. As a group, analysts predict that Crown Castle Inc. will post 6.58 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 6.05%. The ex-dividend date of this dividend was Thursday, March 14th. Crown Castle's dividend payout ratio is 195.63%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays boosted their target price on Crown Castle from $111.00 to $112.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 23rd. Wells Fargo & Company cut their price objective on shares of Crown Castle from $115.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Friday, April 19th. Royal Bank of Canada decreased their target price on shares of Crown Castle from $109.00 to $100.00 and set a "sector perform" rating for the company in a research report on Tuesday, May 7th. Scotiabank cut their price target on shares of Crown Castle from $133.00 to $118.00 and set a "sector perform" rating on the stock in a report on Thursday, April 18th. Finally, Jefferies Financial Group decreased their price objective on shares of Crown Castle from $126.00 to $123.00 and set a "buy" rating for the company in a report on Thursday, April 18th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $112.64.

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.