Rep. Jefferson Shreve Purchases Crown Castle Inc. (NYSE:CCI) Stock

Representative Jefferson Shreve (R-Indiana) recently bought shares of Crown Castle Inc. NYSE: CCI. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Crown Castle stock on April 11th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Crown Castle Stock Up 1.7 %

CCI stock opened at $105.00 on Friday. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The stock has a market capitalization of $45.72 billion, a P/E ratio of 37.23 and a beta of 0.93. The business has a fifty day moving average price of $101.47 and a 200-day moving average price of $97.95.

Crown Castle (NYSE:CCI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.62). Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company posted $1.72 EPS. Crown Castle's revenue was down 4.8% on a year-over-year basis. Equities analysts forecast that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $1.565 per share. The ex-dividend date was Friday, March 14th. This represents a $6.26 annualized dividend and a yield of 5.96%. Crown Castle's dividend payout ratio is -58.18%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CCI. Deutsche Bank Aktiengesellschaft dropped their price target on Crown Castle from $116.00 to $96.00 and set a "hold" rating on the stock in a research note on Thursday, January 23rd. JMP Securities boosted their price target on Crown Castle from $115.00 to $125.00 and gave the company a "market outperform" rating in a research note on Thursday, May 1st. Wells Fargo & Company upgraded shares of Crown Castle from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $85.00 to $105.00 in a research note on Monday, March 17th. Citizens Jmp raised shares of Crown Castle to a "strong-buy" rating in a report on Monday, January 27th. Finally, Royal Bank of Canada lifted their price target on shares of Crown Castle from $107.00 to $112.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Crown Castle presently has a consensus rating of "Moderate Buy" and an average price target of $112.41.

Insider Activity

In related news, CEO Daniel K. Schlanger sold 20,000 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $106.38, for a total transaction of $2,127,600.00. Following the sale, the chief executive officer now owns 110,571 shares in the company, valued at approximately $11,762,542.98. This represents a 15.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Robert Sean Collins sold 3,600 shares of Crown Castle stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $106.72, for a total transaction of $384,192.00. Following the transaction, the vice president now directly owns 6,465 shares of the company's stock, valued at $689,944.80. The trade was a 35.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,600 shares of company stock worth $3,362,752. 0.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Crown Castle

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Crown Castle by 10.1% in the 1st quarter. Vanguard Group Inc. now owns 68,840,605 shares of the real estate investment trust's stock worth $7,175,256,000 after acquiring an additional 6,341,150 shares during the last quarter. Wellington Management Group LLP increased its position in Crown Castle by 18.9% in the fourth quarter. Wellington Management Group LLP now owns 20,849,846 shares of the real estate investment trust's stock worth $1,892,332,000 after purchasing an additional 3,321,249 shares during the last quarter. Geode Capital Management LLC raised its stake in Crown Castle by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 12,333,158 shares of the real estate investment trust's stock valued at $1,119,225,000 after purchasing an additional 228,007 shares in the last quarter. Norges Bank bought a new position in Crown Castle during the fourth quarter valued at $561,714,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Crown Castle by 1.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 6,144,359 shares of the real estate investment trust's stock worth $557,662,000 after buying an additional 58,903 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

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.

About Crown Castle

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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