Bell Bank 13F: Adds $1.6M to Crown Castle (CCI) Stake
Key Points
- Bell Bank grew its stake in Crown Castle Inc. by 23,866 shares during the period, reaching 107,989 shares worth $7.2 million.
- Crown Castle shares recently traded around $81.14, up 3.2% from the filing date close of $78.65.
- The real estate investment trust currently posts trailing twelve-month revenue of $4.2 billion alongside a 5.4% dividend yield.
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Bell Bank lifted its stake in Crown Castle Inc. (NYSE:CCI) by 28.4% during the quarter, according to a Form 13F filed with the SEC on October 21, 2026. The institution purchased an additional 23,866 shares to end the period with 107,989 shares. The total value of the holdings reached approximately $7.2 million.
CCI
Crown Castle Inc.
Bell Bank vs. the S&P 500
Hypothetical returns from Bell Bank's disclosed trades, not real profit or advice. How we model this.
What Changed in Bell Bank's Crown Castle Position
The fund expanded its footprint in the communication infrastructure company from a prior total of 84,123 shares up to 107,989 shares. This change represented a 28.4% increase in the share count over the reporting period, bringing the investment value to $7,197,467.
Other Institutional Activity in Crown Castle
Other large investors adjusted their positions in the wireless tower operator during recent reporting cycles. Frank, Rimerman Advisors added 9,039 shares to hold 9,039 shares valued at $602,449. Meanwhile, Cohen & Steers Inc. trimmed its stake by 1,279,547 shares, ending with 39,084710 shares worth $3.1 billion. Lazard Asset Management LLC grew its holdings by 1,637,060 shares, finishing the period with 15,099,726 shares valued at $1.2 billion.
Crown Castle Inc. Stock Down 3.1%
Crown Castle shares recently traded around $81.14 as of October 22, 2026, sitting up about 3.2% from the stock's $78.65 close on the day of the filing. The real estate investment trust trades roughly 9.4% above its 50-day moving average of $74.18, and about 1.4% below its 200-day moving average of $82.26. The stock sits below its 52-week high of $100.50 and above its 52-week low of $65.32.
Recent Earnings
Crown Castle reported trailing twelve-month revenue of $4.2 billion with earnings of $2.49 per share. The company operates with a net profit margin of 20.7%.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
1 target raises vs 1 cuts.
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EPS & revenue
EPS missed estimates by 13.3%. Revenue met estimates.
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Profit surprise
EBITDA missed by 3 percent. Operating income met by 1 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 target raise, 1 target cut.
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Earnings quality
Gross margin down 1.1 points. Operating margin down 3.1 points. Positive free cash flow.
Earnings Call Summary
Crown Castle delivered a solid first quarter with organic growth of 3.1 percent, though this was held back by $49 million in DISH terminations and $5 million in Sprint cancellations. The company is pursuing a transformation to become a best-in-class tower operator by cutting costs by $65 million on an annualized basis, buying more land under towers, and exploring new revenue opportunities like edge data centers and power-as-a-service. Management remains confident in the legal case against DISH for unpaid obligations and expects the fiber and small cell sale to close by mid-2026.
Guidance Crown Castle kept its full year outlook unchanged. The company expects about $3.9 billion in site rental revenue for 2026 and $2.7 billion in adjusted EBITDA at the midpoint. The company plans to spend about $1 billion on share buybacks and $7 billion on debt repayment after selling its fiber and small cell businesses, expected to close in the first half of 2026.
Negative report. Results or guidance disappointed and expectations are likely to move lower.
Dividend
The company distributes an annual dividend rate of $4.25 per share, translating to a dividend yield of 5.4% based on recent trading levels.
Insider Buying and Selling at Crown Castle Inc.
Company insiders made several transactions over the past year. General Counsel Edward B Adams Jr sold 4,650 shares on February 25, 2026, at $86.34 per share for a total of $401,481. Officer Robert Sean Collins sold 3,000 shares on February 27, 2026, at $87.49 per share totaling $262,470, and later sold 1,500 shares on August 7, 2026, at $75.89 per share worth $113,835. Director Kevin A Stephens bought 820 shares on May 5, 2026, at $90.24 per share for a value of $73,997.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. Citigroup maintained a Buy rating on July 24, 2026, while lowering its price target to $98.00 from $106.00. Truist Securities maintained a Hold rating on July 28, 2026, adjusting its target down to $87.00 from $95.00. Barclays upgraded the stock to Overweight on August 20, 2026, with an $84.00 target, and later maintained the rating on September 30, 2026, with an $86.00 target. JP Morgan downgraded the stock to Underweight on September 14, 2026, setting an $80.00 target. Overall, the stock carries a consensus buy recommendation with a mean target price of $94.30 across 21 analyst opinions.
About Crown Castle
Crown Castle owns, operates and leases roughly 40,000 cell towers across the United States. This nationwide portfolio forms the foundation of wireless connectivity that gives cities and communities access to essential data and technology. The Houston-based real estate investment trust was established in 1994.
Bottom Line
Bell Bank's increased stake reflects continued institutional attention on the tower operator. Investors will monitor upcoming earnings reports and further SEC disclosures to track how institutional sentiment evolves around the company's real estate portfolio.
Related Filing Alerts
Source: Bell Bank's 13F filing on $CCI (Oct 21, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts