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

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 Stock Performance

NYSE:CCI traded up $0.51 during mid-day trading on Friday, hitting $79.24. The company had a trading volume of 2,934,227 shares, compared to its average volume of 3,953,089. Crown Castle Inc. has a fifty-two week low of $73.75 and a fifty-two week high of $115.76. The firm has a market cap of $34.59 billion, a P/E ratio of 32.75, a P/E/G ratio of 0.40 and a beta of 0.95. The business’s fifty day moving average is $85.66 and its two-hundred day moving average is $86.18.

Crown Castle (NYSE:CCI) last announced 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 business had revenue of $1.01 billion for 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%. Crown Castle’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period last year, the company posted $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Equities analysts forecast that Crown Castle Inc. will post 4.22 earnings per share for the current year.

Crown Castle Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Wiser Advisor Group LLC bought a new stake in shares of Crown Castle in the third quarter worth $29,000. Triumph Capital Management bought a new stake in Crown Castle during the 3rd quarter worth about $31,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Crown Castle during the 3rd quarter worth about $31,000. Hilton Head Capital Partners LLC grew its holdings in shares of Crown Castle by 55.6% in the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 134 shares in the last quarter. Finally, Salomon & Ludwin LLC grew its holdings in shares of Crown Castle by 128.7% in the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 215 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CCI. BMO Capital Markets boosted their target price on Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Jefferies Financial Group lifted their price objective on Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a report on Tuesday, April 14th. Barclays boosted their price objective 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. Finally, Raymond James Financial raised their target price on shares of Crown Castle from $102.00 to $108.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Crown Castle currently has a consensus rating of “Moderate Buy” and an average target price 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.