This morning we watched Crown Castle drop -1.1% to a price of $103.94 per share. The Large-Cap Specialty Real Estate Investment Trust company is now trading -5.89% below its average target price of $110.44. Analysts have set target prices ranging from $85.0 to $127.0 per share for Crown Castle, and have given the stock an average rating of hold.
The stock has a very low short interest at 1.3%, and a short ratio of 1.69. The company's insiders own 0.11% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 93.3% of Crown Castle's shares being owned by this investor type.
Institutions Invested in Crown Castle
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 13% | 56,609,569 | $5,883,998,740 |
| 2024-03-31 | Blackrock Inc. | 8% | 36,272,757 | $3,770,190,451 |
| 2024-03-31 | State Street Corporation | 5% | 21,170,735 | $2,200,486,247 |
| 2024-03-31 | Cohen & Steers Inc. | 3% | 15,186,268 | $1,578,460,732 |
| 2024-03-31 | Morgan Stanley | 3% | 13,863,340 | $1,440,955,593 |
| 2024-03-31 | FMR, LLC | 3% | 12,857,150 | $1,336,372,202 |
| 2024-03-31 | Wellington Management Group, LLP | 3% | 12,166,336 | $1,264,568,993 |
| 2024-03-31 | Capital World Investors | 3% | 11,323,506 | $1,176,965,241 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 10,239,087 | $1,064,250,727 |
| 2024-03-31 | Bank of America Corporation | 2% | 7,135,574 | $741,671,578 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Crown Castle.
