OLD National Bancorp IN Cuts Position in Crown Castle Inc. $CCI

Key Points

• OLD National Bancorp IN trimmed its position by 39.6%, selling 43,563 shares and ending the quarter with 66,541 Crown Castle shares worth about $5.91 million.
• Crown Castle beat Q1 estimates (EPS $1.02 vs. $0.47 consensus; revenue $1.01B vs. $995M), maintained FY2026 guidance (EPS 4.38–4.49) and announced a ~$1B buyback plus ~$65M of annualized cost cuts despite DISH-related headwinds and a 4.9% YoY revenue decline.
• Analyst sentiment is mixed but constructive: two Strong Buy, eight Buy and eleven Hold ratings yield a MarketBeat consensus of “Moderate Buy” with a $99.34 average price target.

OLD National Bancorp IN trimmed its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 39.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,541 shares of the real estate investment trust's stock after selling 43,563 shares during the quarter. OLD National Bancorp IN's holdings in Crown Castle were worth $5,913,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CCI. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Crown Castle by 591.8% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,471,120 shares of the real estate investment trust's stock worth $431,418,000 after purchasing an additional 3,824,778 shares during the period. Invesco Ltd. raised its holdings in shares of Crown Castle by 33.2% in the 3rd quarter. Invesco Ltd. now owns 6,437,685 shares of the real estate investment trust's stock worth $621,172,000 after purchasing an additional 1,605,291 shares during the period. ANTIPODES PARTNERS Ltd purchased a new position in shares of Crown Castle in the 3rd quarter worth about $121,726,000. Daiwa Securities Group Inc. raised its holdings in shares of Crown Castle by 42.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,931,258 shares of the real estate investment trust's stock worth $379,327,000 after purchasing an additional 1,168,132 shares during the period. Finally, Man Group plc raised its holdings in shares of Crown Castle by 237.0% in the 3rd quarter. Man Group plc now owns 1,601,500 shares of the real estate investment trust's stock worth $154,529,000 after purchasing an additional 1,126,221 shares during the period. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Citigroup cut their price objective on Crown Castle from $110.00 to $106.00 and set a "buy" rating on the stock in a report on Thursday, February 5th. BMO Capital Markets raised their price objective on Crown Castle from $91.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, April 17th. HSBC lowered their target price on Crown Castle from $107.00 to $88.40 and set a "hold" rating for the company in a research note on Thursday, February 5th. Raymond James Financial increased their target price on Crown Castle from $102.00 to $108.00 and gave the company a "strong-buy" rating in a research note on Thursday. Finally, Truist Financial initiated coverage on Crown Castle in a research note on Tuesday, March 31st. They issued a "hold" rating and a $90.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $99.34.

More Crown Castle News

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

• Positive Sentiment: Q1 results beat consensus on AFFO/FFO and revenue, showing resilience in leasing and enabling management to maintain its FY2026 outlook. Crown Castle Q1 AFFO & Sales Beat Estimates Despite DISH Headwinds
• Positive Sentiment: Management reiterated/updated FY2026 guidance (EPS range ~4.38–4.49) well above consensus, which supports a bullish forward-earnings narrative. Crown Castle Reports First Quarter 2026 Results and Maintains Outlook for Full Year 2026
• Positive Sentiment: Company announced a ~$1B buyback program and ~$65M of annualized cost reductions — both enhance shareholder returns and EPS leverage. Crown Castle reiterates 2026 outlook with ~$1B buyback plan and $65M annualized cost reduction
• Positive Sentiment: Analyst support lifted sentiment: Raymond James raised its price target to $108 and maintained a strong-buy; Bernstein reaffirmed its buy rating — both likely helped investor confidence. Raymond James adjusts Crown Castle price target to $108 Bernstein Reaffirms Their Buy Rating on Crown Castle (CCI)
• Neutral Sentiment: FFO and revenue beats were modest (+1–1.5%), so while they remove downside surprise risk, they are not a dramatic acceleration in growth. Crown Castle (CCI) Q1 FFO and Revenues Surpass Estimates
• Neutral Sentiment: Earnings call and investor materials emphasize a strategic focus on maximizing tower value and progressing separation/sale of non-core assets — these are longer-term catalysts rather than immediate earnings drivers. Crown Castle Inc (CCI) Q1 2026 Earnings Call Highlights
• Negative Sentiment: Persistent DISH-related headwinds and tower-growth concerns remain a near-term drag on site-rental revenue; analysts continue to flag uncertainty around future tenancy trends. Crown Castle earnings on deck as tower growth concerns linger Crown Castle Q1 AFFO & Sales Beat Estimates Despite DISH Headwinds
• Negative Sentiment: Revenue was down year-over-year (~4.9%) and the company still reports a weak ROE and margin pressures — these fundamentals help explain investor caution despite beats. Crown Castle Q1 results and metrics

Crown Castle Stock Up 1.7%

CCI stock opened at $87.48 on Friday. Crown Castle Inc. has a 52-week low of $75.96 and a 52-week high of $115.76. The stock's 50 day moving average is $86.14 and its two-hundred day moving average is $88.62. The company has a market capitalization of $38.17 billion, a PE ratio of 36.15, a P/E/G ratio of 0.44 and a beta of 0.94.

Crown Castle (NYSE:CCI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.55. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.42 million. Crown Castle had a negative return on equity of 69.11% and a net margin of 25.13%.Crown Castle's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, sell-side analysts anticipate that Crown Castle Inc. will post 4.23 EPS for the current year.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were given a $1.0625 dividend. The ex-dividend date was Friday, March 13th. This represents a $4.25 annualized dividend and a dividend yield of 4.9%. Crown Castle's dividend payout ratio (DPR) is presently 420.79%.

Insider Activity at Crown Castle

In other news, EVP Edward B. Adams, Jr. sold 4,650 shares of Crown Castle stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total value of $401,481.00. Following the completion of the transaction, the executive vice president owned 25,183 shares in the company, valued at approximately $2,174,300.22. This trade represents a 15.59% 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. Also, VP Robert Sean Collins sold 3,000 shares of Crown Castle stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $87.49, for a total value of $262,470.00. Following the completion of the transaction, the vice president owned 5,800 shares of the company's stock, valued at approximately $507,442. The trade was a 34.09% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by company insiders.

About Crown Castle

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.