6,033,243 Shares in Crown Castle Inc. $CCI Bought by Legal & General Group Plc

26 Aug 2026, 06:23 by Scott Moore · The Cerbat Gem

Legal & General Group Plc purchased a new stake in Crown Castle Inc. (NYSE:CCI – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,033,243 shares of the real estate investment trust’s stock, valued at approximately $456,897,000. Legal & General Group Plc owned about 1.42% of Crown Castle as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Crown Castle in the 2nd quarter valued at approximately $3,326,154,000. Cohen & Steers Inc. increased its stake in 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 valued at $3,536,214,000 after purchasing an additional 3,953,685 shares in the last quarter. State Street Corp increased its stake in Crown Castle by 2.4% during the 4th quarter. State Street Corp now owns 22,239,559 shares of the real estate investment trust’s stock valued at $1,976,430,000 after purchasing an additional 511,018 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Crown Castle by 2.8% in the fourth quarter. Wellington Management Group LLP now owns 13,986,852 shares of the real estate investment trust’s stock worth $1,243,012,000 after buying an additional 380,419 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of 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 worth $1,094,691,000 after buying an additional 1,828,065 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CCI shares. Royal Bank Of Canada dropped their price objective 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. Barclays lifted their price target on Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Truist Financial dropped their price target on Crown Castle from $95.00 to $87.00 and set a “hold” rating on the stock in a research note on Tuesday, July 28th. BMO Capital Markets cut their price objective on Crown Castle from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. reduced their price objective on Crown Castle from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, Crown Castle presently has an average rating of “Moderate Buy” and a consensus price target of $95.13.

View Our Latest Research Report on Crown Castle

Insider Buying and Selling

In other Crown Castle news, VP Robert Sean Collins sold 1,500 shares of the company’s 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 sale, the vice president owned 5,113 shares in the company, valued at approximately $388,025.57. This represents a 22.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Crown Castle Stock Performance

Shares of CCI opened at $76.25 on Wednesday. The business’s 50-day moving average is $77.38 and its two-hundred day moving average is $83.98. The company has a market capitalization of $32.44 billion, a P/E ratio of 38.71, a P/E/G ratio of 0.41 and a beta of 0.95. Crown Castle Inc. has a fifty-two week low of $69.72 and a fifty-two week high of $102.19.

Crown Castle (NYSE:CCI – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.17). Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.05 million. During the same period last year, the firm earned $0.67 EPS. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. Analysts forecast that Crown Castle Inc. will post 4.39 EPS for the current year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.0625 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.25 dividend on an annualized basis and a yield of 5.6%. Crown Castle’s payout ratio is presently 215.74%.

Crown Castle Profile

(Free Report)

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.