Cooke & Bieler LP reduced its stake in Crown Castle Inc. (NYSE:CCI – Free Report) by 24.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,060,322 shares of the real estate investment trust’s stock after selling 666,956 shares during the quarter. Crown Castle comprises approximately 2.0% of Cooke & Bieler LP’s portfolio, making the stock its 11th biggest holding. Cooke & Bieler LP’s holdings in Crown Castle were worth $137,320,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Crown Castle during the second quarter valued at approximately $3,326,154,000. State Street Corp increased its holdings in shares of Crown Castle by 0.9% in the 2nd quarter. State Street Corp now owns 23,023,394 shares of the real estate investment trust’s stock worth $1,743,562,000 after buying an additional 211,633 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Crown Castle by 15.7% in the 1st quarter. Lazard Asset Management LLC now owns 13,463,182 shares of the real estate investment trust’s stock worth $1,094,691,000 after buying an additional 1,828,065 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Crown Castle by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,325,747 shares of the real estate investment trust’s stock worth $514,320,000 after buying an additional 144,538 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Crown Castle during the 2nd quarter valued at $456,897,000. 90.77% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Crown Castle
In other news, VP Robert Collins sold 1,500 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $75.89, for a total transaction of $113,835.00. Following the completion of the transaction, the vice president directly owned 5,113 shares of the company’s stock, valued at approximately $388,025.57. This represents a 22.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Citigroup reaffirmed a “market outperform” rating on shares of Crown Castle in a research note on Friday, July 24th. Weiss Ratings lowered Crown Castle from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Barclays increased their price target on shares of Crown Castle from $84.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, September 30th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $80.00 price target (down from $85.00) on shares of Crown Castle in a research note on Monday, September 14th. Finally, TD Cowen lowered their price objective on shares of Crown Castle from $94.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $93.97.
Get Our Latest Stock Analysis on CCI
Crown Castle Stock Down 2.8%
Shares of NYSE CCI opened at $78.85 on Thursday. The firm’s fifty day moving average is $74.17 and its 200 day moving average is $80.58. Crown Castle Inc. has a 52 week low of $65.32 and a 52 week high of $100.50. The company has a market cap of $33.55 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 0.73 and a beta of 0.94.
Crown Castle (NYSE:CCI – Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.55. The business had revenue of $995.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.12 EPS. Equities research analysts anticipate that Crown Castle Inc. will post 4.38 earnings per share for the current year.
Crown Castle Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a $1.0625 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.4%. Crown Castle’s payout ratio is presently 215.74%.
Key Stories Impacting Crown Castle
Here are the key news stories impacting Crown Castle this week:
- Positive Sentiment: Third-quarter funds from operations (FFO) increased to $1.24 per share from $1.12 a year earlier and exceeded the $1.20 consensus estimate, providing evidence of solid underlying cash-flow performance. Crown Castle Tops Q3 FFO Estimates
- Positive Sentiment: Crown Castle raised its full-year 2026 site-rental-revenue outlook midpoint to $3.875 billion, $20 million above its previous forecast. Full-year net income is projected at $895 million, up 102% from 2025’s $444 million. Crown Castle Reports Third Quarter 2026 Results and Updates Outlook
- Positive Sentiment: UBS issued a Buy rating on Crown Castle, offering additional analyst support for the stock. UBS Releases a Buy Rating on Crown Castle
- Neutral Sentiment: The company reported a sharp increase in projected net income, but the outlook still calls for 2026 site-rental revenue of $3.875 billion, down 4% from 2025’s $4.049 billion. Crown Castle Reports Third Quarter 2026 Results and Updates Outlook
- Negative Sentiment: Third-quarter EPS was $0.67, below the $0.69 analyst consensus, while revenue of $995 million missed expectations of $1.01 billion. The revenue shortfall likely outweighed the FFO beat for investors. Compared to Estimates, Crown Castle Q3 Earnings
About Crown Castle
Crown Castle Inc (NYSE: CCI) is a real estate investment trust that owns, operates and leases communications infrastructure in the United States. Its assets support wireless carriers, broadcasters, government agencies and other communications providers by enabling the transmission of voice, data and video services.
The company’s infrastructure has historically included approximately 40,000 cell towers, about 90,000 route miles of fiber and a large portfolio of small-cell installations.
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