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

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%

Shares of NYSE:CCI traded up $0.51 on Friday, reaching $79.24. 2,934,227 shares of the company’s stock were exchanged, compared to its average volume of 3,953,089. Crown Castle Inc. has a twelve month low of $73.75 and a twelve month high of $115.76. The company has a fifty day moving average of $85.66 and a 200-day moving average of $86.18. The company has a market capitalization of $34.59 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 0.40 and a beta of 0.95.

Crown Castle (NYSE:CCI) last released its quarterly earnings results 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. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.41 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, equities research analysts forecast that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $1.0625 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.25 dividend on an annualized basis and a yield of 5.4%. Crown Castle’s payout ratio is currently 175.62%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CCI shares. Wall Street Zen upgraded Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. KeyCorp raised their price target on Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Scotiabank cut their price objective on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 7th. The Goldman Sachs Group began coverage on shares of Crown Castle in a research note on Friday, June 26th. They set a “neutral” rating and a $95.00 price objective on the stock. Finally, Wolfe Research lowered shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.52.

Hedge Funds Weigh In On Crown Castle

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Crown Castle by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 69,769,393 shares of the real estate investment trust’s stock valued at $6,200,406,000 after buying an additional 386,733 shares in the last quarter. Cohen & Steers Inc. raised its stake in Crown Castle by 11.0% during the fourth quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock worth $3,536,214,000 after acquiring an additional 3,953,685 shares in the last quarter. State Street Corp raised its stake in Crown Castle by 2.4% during the fourth quarter. State Street Corp now owns 22,239,559 shares of the real estate investment trust’s stock worth $1,976,430,000 after acquiring an additional 511,018 shares in the last quarter. Wellington Management Group LLP lifted 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 acquiring an additional 380,419 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Crown Castle by 15.7% in 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 acquiring an additional 1,828,065 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

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).

About Crown Castle

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.