Crown Castle
About: Crown Castle owns and leases roughly 40,000 cell towers in the United States. It also owns more than 90,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. Crown Castle's towers and fiber are predominantly in the largest US cities. The company has a very concentrated customer base, with about 75% of its revenue from the Big Three US mobile carriers. Crown Castle operates as a real estate investment trust. It has announced plans to divest its fiber business, which should be finalized in 2026. After that, Crown will be a stand-alone tower operator.
Employees: 5,000
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
10% more call options, than puts
Call options by funds: $441M | Put options by funds: $400M
0.84% more ownership
Funds ownership: 92.21% [Q3] → 93.05% (+0.84%) [Q4]
9% less first-time investments, than exits
New positions opened: 155 | Existing positions closed: 171
4% less funds holding
Funds holding: 1,136 [Q3] → 1,095 (-41) [Q4]
23% less capital invested
Capital invested by funds: $47.4B [Q3] → $36.7B (-$10.7B) [Q4]
33% less funds holding in top 10
Funds holding in top 10: 18 [Q3] → 12 (-6) [Q4]
35% less repeat investments, than reductions
Existing positions increased: 322 | Existing positions reduced: 499
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
RBC Capital Jonathan Atkin 65% 1-year accuracy 13 / 20 met price target | 3%upside $107 | Sector Perform Maintained | 11 Apr 2025 |
JP Morgan Philip Cusick 0% 1-year accuracy 0 / 8 met price target | 11%upside $115 | Neutral Maintained | 17 Mar 2025 |
Barclays Brendan Lynch 34% 1-year accuracy 10 / 29 met price target | 9%upside $113 | Overweight Maintained | 17 Mar 2025 |
Wells Fargo Eric Luebchow 37% 1-year accuracy 16 / 43 met price target | 1%upside $105 | Equal-Weight Upgraded | 17 Mar 2025 |
UBS Batya Levi 86% 1-year accuracy 6 / 7 met price target | 14%upside $118 | Buy Upgraded | 14 Mar 2025 |
Financial journalist opinion
Based on 15 articles about CCI published over the past 30 days









