This afternoon we watched Crown Castle drop -1.4% to a price of $101.85 per share. The Large-Cap Specialty Real Estate Investment Trust company is now trading -14.07% below its average target price of $118.53. Analysts have set target prices ranging from $100.0 to $135.0 per share for Crown Castle, and have given the stock an average rating of hold.
Crown Castle's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.8%. The stock's short ratio is 2.84. The company's insiders own 0.11% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 95.3%. In conclusion, we believe there is mixed market sentiment regarding Crown Castle.
Institutions Invested in Crown Castle
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 13% | 56,564,840 | $5,761,128,867 |
| 2024-09-30 | Blackrock Inc. | 10% | 41,687,161 | $4,245,837,284 |
| 2024-09-30 | Cohen & Steers Inc. | 6% | 25,418,882 | $2,588,913,092 |
| 2024-09-30 | State Street Corporation | 5% | 20,875,581 | $2,126,177,892 |
| 2024-09-30 | Wellington Management Group, LLP | 4% | 17,528,597 | $1,785,287,577 |
| 2024-09-30 | FMR, LLC | 3% | 14,308,482 | $1,457,318,869 |
| 2024-09-30 | Morgan Stanley | 3% | 13,568,546 | $1,381,956,389 |
| 2024-09-30 | Geode Capital Management, LLC | 3% | 12,105,151 | $1,232,909,610 |
| 2024-09-30 | Capital World Investors | 3% | 11,199,765 | $1,140,696,048 |
| 2024-09-30 | Bank of America Corporation | 2% | 7,158,537 | $729,096,982 |
