Rep. Robert J. Wittman Sells Crown Castle Inc. (NYSE:CCI) Stock

Representative Robert J. Wittman (Republican-Virginia) recently sold shares of Crown Castle Inc. (NYSE:CCI). In a filing disclosed on July 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Crown Castle stock on June 30th. The trade occurred in the Representative’s “MORGAN STANLEY” account.

Crown Castle Trading Up 0.7%

NYSE CCI traded up $0.51 on Friday, reaching $79.24. The company’s stock had a trading volume of 2,934,227 shares, compared to its average volume of 3,953,089. The firm has a market cap of $34.59 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. Crown Castle Inc. has a 52 week low of $73.75 and a 52 week high of $115.76. The business has a 50-day moving average price of $85.66 and a 200 day moving average price of $86.18.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.55. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.41 million. During the same period in the previous year, the business earned $1.10 earnings per share. The company’s quarterly revenue was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Analysts anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Monday, June 15th. Crown Castle’s payout ratio is 175.62%.

Institutional Investors Weigh In On Crown Castle

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Crown Castle during the 4th quarter valued at $594,670,000. Lazard Asset Management LLC lifted its stake in shares of Crown Castle by 124.2% in the 4th quarter. Lazard Asset Management LLC now owns 11,635,117 shares of the real estate investment trust’s stock valued at $1,034,013,000 after purchasing an additional 6,445,237 shares during the period. Cohen & Steers Inc. boosted its position in shares of Crown Castle by 11.0% in the 4th quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock worth $3,536,214,000 after purchasing an additional 3,953,685 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Crown Castle by 591.8% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,471,120 shares of the real estate investment trust’s stock worth $431,418,000 after purchasing an additional 3,824,778 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Crown Castle by 422.5% during the fourth quarter. Principal Financial Group Inc. now owns 3,581,154 shares of the real estate investment trust’s stock worth $318,258,000 after purchasing an additional 2,895,756 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays upped their price target on Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. KeyCorp lifted their price objective on Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. BMO Capital Markets boosted their target price on shares of Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Truist Financial started coverage on shares of Crown Castle in a report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 target price on the stock. Finally, Jefferies Financial Group increased their target price on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.52.

About Representative Wittman

Robert J. Wittman (Republican Party) is a member of the U.S. House, representing Virginia’s 1st Congressional District. He assumed office on January 3, 2007. His current term ends on January 3, 2027.

Wittman (Republican Party) is running for re-election to the U.S. House to represent Virginia’s 1st Congressional District. He declared candidacy for the 2026 election.

Robert J. Wittman earned a bachelor’s degree from Virginia Polytechnic Institute and State University in 1981, a graduate degree from the University of North Carolina in 1990, and a Ph.D. from Virginia Commonwealth University in 2002. Wittman’s professional experience includes working as an environmental health specialist for local health departments and as field director for the Virginia Health Department’s Division of Shellfish Sanitation.

Wittman’s first position as an elected public official was a seat on the Montross, Virginia Town Council in 1986. Prior to being elected to Congress, he served as the mayor of Montross, a member of the Westmoreland County Board of Supervisors, and a member of the Virginia House of Delegates (District 99).

Crown Castle Company Profile

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.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.