Representative Jefferson Shreve (R-Indiana) recently sold shares of Crown Castle Inc. NYSE: CCI. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Crown Castle stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
- Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
- Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
- Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
- Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
- Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
- Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.
Crown Castle Stock Down 2.0%
CCI traded down $2.31 during trading on Friday, reaching $111.60. The company's stock had a trading volume of 3,419,991 shares, compared to its average volume of 2,744,282. The firm has a fifty day simple moving average of $102.19 and a two-hundred day simple moving average of $98.56. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The company has a market cap of $48.60 billion, a price-to-earnings ratio of -10.46, a PEG ratio of 0.86 and a beta of 0.88.
Crown Castle (NYSE:CCI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Crown Castle had a negative net margin of 85.54% and a negative return on equity of 619.62%. The business's revenue was down 4.2% on a year-over-year basis. During the same period last year, the company posted $1.62 EPS. As a group, equities analysts forecast that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.
Crown Castle Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend was Friday, June 13th. Crown Castle's dividend payout ratio (DPR) is -39.83%.
Hedge Funds Weigh In On Crown Castle
Institutional investors have recently modified their holdings of the business. Iron Horse Wealth Management LLC acquired a new position in shares of Crown Castle in the first quarter worth $26,000. Centerpoint Advisors LLC acquired a new position in shares of Crown Castle in the first quarter worth $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Crown Castle in the first quarter worth $26,000. Stone House Investment Management LLC acquired a new position in shares of Crown Castle in the first quarter worth $27,000. Finally, Rise Advisors LLC acquired a new position in shares of Crown Castle in the first quarter worth $28,000. Institutional investors and hedge funds own 90.77% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. Raymond James Financial reaffirmed a "strong-buy" rating and set a $124.00 price target (up previously from $122.00) on shares of Crown Castle in a research report on Thursday. UBS Group lifted their price target on shares of Crown Castle from $124.00 to $127.00 and gave the company a "buy" rating in a research report on Friday. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 price target on shares of Crown Castle in a research report on Thursday. Wells Fargo & Company raised shares of Crown Castle from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $105.00 to $125.00 in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Crown Castle from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $115.94.
Check Out Our Latest Stock Report on CCI
Insiders Place Their Bets
In related news, EVP Edward B. Adams, Jr. sold 8,000 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $106.37, for a total transaction of $850,960.00. Following the completion of the transaction, the executive vice president owned 20,528 shares in the company, valued at approximately $2,183,563.36. The trade was a 28.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Robert Sean Collins sold 3,600 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $106.72, for a total transaction of $384,192.00. Following the completion of the sale, the vice president directly owned 6,465 shares of the company's stock, valued at approximately $689,944.80. This trade represents a 35.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,600 shares of company stock worth $3,362,752 over the last 90 days. Corporate insiders own 0.10% of the company's stock.
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
Crown Castle Company Profile
(
Get Free Report)
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them.
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