Bank of America Corp DE Takes $348.78 Million Position in Crown Castle Inc. $CCI

Key Points

• Bank of America acquired 4.61 million Crown Castle shares worth approximately $348.8 million, giving it a 1.08% stake. Institutional investors and hedge funds collectively own 90.77% of the company.
• Crown Castle reported quarterly EPS of $0.69, exceeding estimates of $0.51, while revenue reached $1.01 billion but declined 4.9% year over year. The company reaffirmed fiscal 2026 EPS guidance of $4.53–$4.65.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $94.86 versus a share price near $72.99. Crown Castle also maintains a quarterly dividend of $1.0625, equivalent to a 5.8% annualized yield.

Bank of America Corp DE acquired a new position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,605,558 shares of the real estate investment trust's stock, valued at approximately $348,779,000. Bank of America Corp DE owned 1.08% of Crown Castle at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Cohen & Steers Inc. increased its holdings in shares of Crown Castle by 11.0% during the 4th quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust's stock worth $3,536,214,000 after buying an additional 3,953,685 shares during the last quarter. BlackRock Inc. acquired a new position in Crown Castle in the second quarter valued at $3,326,154,000. Geode Capital Management LLC grew its position in Crown Castle by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 13,027,749 shares of the real estate investment trust's stock valued at $1,156,972,000 after acquiring an additional 184,533 shares during the period. Lazard Asset Management LLC grew its position in Crown Castle by 15.7% during the first quarter. Lazard Asset Management LLC now owns 13,463,182 shares of the real estate investment trust's stock valued at $1,094,691,000 after acquiring an additional 1,828,065 shares during the period. Finally, Deutsche Bank AG increased its stake in Crown Castle by 40.5% during the fourth quarter. Deutsche Bank AG now owns 7,159,803 shares of the real estate investment trust's stock worth $636,292,000 after acquiring an additional 2,065,247 shares during the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Crown Castle

In other news, VP Robert Collins sold 1,500 shares of Crown Castle stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $75.89, for a total value of $113,835.00. Following the completion of the transaction, the vice president owned 5,113 shares in the company, valued at approximately $388,025.57. This trade represents a 22.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. BMO Capital Markets reduced their price objective on Crown Castle from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, July 20th. Royal Bank Of Canada cut their price target on shares of Crown Castle from $92.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, July 23rd. TD Cowen reduced their price target on shares of Crown Castle from $94.00 to $92.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. The Goldman Sachs Group assumed coverage on shares of Crown Castle in a research note on Friday, June 26th. They set a "neutral" rating and a $95.00 price objective for the company. Finally, Wolfe Research lowered shares of Crown Castle from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Crown Castle has an average rating of "Hold" and a consensus target price of $94.86.

Key Headlines Impacting Crown Castle

Here are the key news stories impacting Crown Castle this week:

• Positive Sentiment: Unusually heavy options activity was reported, with traders purchasing 16,981 call options—nearly nine times the average daily volume. Call buying can indicate speculative expectations for a rebound, although it does not guarantee that the underlying shares will rise.
• Positive Sentiment: Crown Castle’s $1.06-per-share cash dividend is scheduled to be paid on September 30, supporting the stock’s income appeal. The shares went ex-dividend on September 15, so new buyers may not receive this payment. Crown Castle Dividend Analysis
• Neutral Sentiment: CFO Sunit Patel plans to retire, with Kris Hinson named as his successor, while COO Cathy Piche is also preparing to step down. Planned transitions may reduce uncertainty because successors or a search process are in place, but investors could remain cautious about execution and continuity. Crown Castle Names Next CFO
• Neutral Sentiment: CFO Sunit Patel is scheduled to present at the RBC Capital Markets Global Communications Infrastructure Conference on September 29. The event could provide updates on strategy, operating trends and the leadership transition, but no new financial information has been announced. RBC Capital Markets Conference Presentation
• Negative Sentiment: JPMorgan reiterated an Underweight rating after previously downgrading Crown Castle from Neutral. The stance adds analyst pressure and suggests concerns about the company’s outlook or valuation remain a key reason for the recent weakness. JPMorgan Reiterates Underweight Rating

Crown Castle Stock Performance

Shares of NYSE CCI opened at $72.99 on Thursday. Crown Castle Inc. has a 1 year low of $69.72 and a 1 year high of $100.50. The stock's 50-day simple moving average is $75.96 and its 200-day simple moving average is $82.70. The firm has a market cap of $31.05 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 0.66 and a beta of 0.95.

Crown Castle (NYSE:CCI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.18. The firm had revenue of $1.01 billion during 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%.Crown Castle's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.67 earnings per share. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, research analysts predict that Crown Castle Inc. will post 4.38 EPS for the current year.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Tuesday, September 15th. Crown Castle's dividend payout ratio is 215.74%.

About Crown Castle

Crown Castle Inc NYSE: CCI is a communications infrastructure company that owns, operates and leases shared wireless 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 primary infrastructure includes cell towers and other tower sites that host antennas and related equipment. Crown Castle has also developed and operated fiber networks and small-cell systems, which help wireless providers expand network capacity and coverage in densely populated areas and along high-traffic corridors.

Founded in 1994 and headquartered in Houston, Texas, Crown Castle has historically served customers across major U.S.

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