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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
63% more call options, than puts
Call options by funds: $855M | Put options by funds: $526M
42% more funds holding in top 10
Funds holding in top 10: 12 [Q4 2024] → 17 (+5) [Q1 2025]
17% more capital invested
Capital invested by funds: $36.7B [Q4 2024] → $43.1B (+$6.33B) [Q1 2025]
1.95% more ownership
Funds ownership: 93.09% [Q4 2024] → 95.04% (+1.95%) [Q1 2025]
1% more first-time investments, than exits
New positions opened: 137 | Existing positions closed: 135
2% less repeat investments, than reductions
Existing positions increased: 401 | Existing positions reduced: 410
2% less funds holding
Funds holding: 1,102 [Q4 2024] → 1,080 (-22) [Q1 2025]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Citigroup Michael Rollins | 26%upside $124 | Buy Maintained | 5 May 2025 |
RBC Capital Jonathan Atkin | 14%upside $112 | Sector Perform Maintained | 2 May 2025 |
JMP Securities Greg Miller | 27%upside $125 | Market Outperform Maintained | 1 May 2025 |
Keybanc Justin Patterson | 24%upside $122 | Overweight Maintained | 1 May 2025 |
Scotiabank Maher Yaghi | 11%upside $109 | Sector Perform Maintained | 22 Apr 2025 |
Financial journalist opinion
Based on 10 articles about CCI published over the past 30 days









