Crown Castle (NYSE:CCI) Shares Acquired Rep. Jefferson Shreve

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 Trading Up 1.7 %

NYSE CCI opened at $105.00 on Friday. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market capitalization of $45.72 billion, a PE ratio of 37.23 and a beta of 0.93. The company has a fifty day moving average of $101.47 and a 200 day moving average of $97.86.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.62). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.72 EPS. Research analysts forecast that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $1.565 dividend. The ex-dividend date was Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 5.96%. Crown Castle’s payout ratio is currently -58.18%.

Hedge Funds Weigh In On Crown Castle

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Crown Castle by 10.1% during the first quarter. Vanguard Group Inc. now owns 68,840,605 shares of the real estate investment trust’s stock worth $7,175,256,000 after buying an additional 6,341,150 shares during the period. Norges Bank acquired a new position in shares of Crown Castle in the 4th quarter worth approximately $561,714,000. Wellington Management Group LLP boosted its position in shares of Crown Castle by 18.9% during the 4th 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 period. Deutsche Bank AG increased its holdings in Crown Castle by 60.9% in the 1st quarter. Deutsche Bank AG now owns 5,472,921 shares of the real estate investment trust’s stock valued at $570,443,000 after purchasing an additional 2,072,198 shares during the last quarter. Finally, National Bank of Canada FI raised its position in Crown Castle by 37.3% in the fourth quarter. National Bank of Canada FI now owns 5,793,842 shares of the real estate investment trust’s stock valued at $525,849,000 after purchasing an additional 1,573,043 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CCI. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Barclays upped their target price on Crown Castle from $104.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, March 17th. UBS Group raised shares of Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 price target on the stock in a research note on Friday, March 14th. Citigroup upped their price objective on shares of Crown Castle from $108.00 to $124.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Finally, StockNews.com lowered shares of Crown Castle from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Crown Castle currently has an average rating of “Moderate Buy” and an average price target of $112.41.

Insiders Place Their Bets

In related news, 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 value of $384,192.00. Following the completion of the transaction, the vice president now directly owns 6,465 shares in the company, valued at approximately $689,944.80. This trade represents a 35.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Edward B. Adams, Jr. sold 8,000 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $106.37, for a total value of $850,960.00. Following the sale, the executive vice president now owns 20,528 shares in the company, valued at approximately $2,183,563.36. This trade represents a 28.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,600 shares of company stock worth $3,362,752 over the last ninety 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 [email protected] 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.