New York, February 19, 2026, 05:30 EST — Premarket
- Crown Castle dropped 4.8% last session, with shares signaling around $87.43 before Thursday’s market open.
- Barclays lowered its price target to $91, sticking with its Equalweight rating.
- Investors are tuned in for interest-rate cues, and they’re also waiting to see if the tower REIT offers any new details following its shift away from fiber.
Crown Castle Inc shares hovered close to $87.43 early Thursday before the bell, following a 4.8% skid in the prior session. American Tower slipped roughly 3.4%, while SBA Communications lost about 2.8%—pressure showing up across the broader U.S. tower space.
Rate expectations are once again under the microscope after the latest Federal Reserve minutes landed, showing policymakers broadly backing a steady approach. Still, investors are holding onto hopes for cuts further down the road this year. Benchmark Treasury yields edged up after the release—a move that spells trouble for dividend-heavy real estate investment trusts, since their payouts start looking less attractive compared to bonds. (Reuters)
Crown Castle’s reset has been underway since early February, when it warned of weaker-than-anticipated 2026 site rental revenue and announced a roughly 20% reduction in tower and corporate staff. “We are investing in our systems, streamlining our processes to enhance operational flexibility,” CEO Chris Hillabrant said at the time. The company is pressing on with cost cuts and sharpening its focus on towers, a shift underscored by the sale of its fiber assets. (Reuters)
Numbers getting shuffled again on Wall Street. Barclays lowered its price target on Crown Castle to $91 from $101 but stuck with its Equalweight rating, MT Newswires reported. (MarketScreener)
Crown Castle, in a separate restructuring-related filing, said it anticipates about $30 million in charges, with most costs hitting in the first half of 2026. The plan mainly targets a headcount cut of around 20%, according to the filing. (SEC)
Investors have been watching DISH-related exposure closely. Back in January, the company reported that DISH Wireless missed payment obligations. Crown Castle responded by ending its wireless infrastructure agreement and said it plans to go after more than $3.5 billion still owed. (GlobeNewswire)
Some fresh insider paperwork cropped up: This week, director Anthony J. Melone filed a Form 4, disclosing a bona fide gift of 3,375 shares. That brings his beneficial stake down to 32,800 shares. (Streetinsider)
The real issue: does Thursday’s drop spiral into a deeper slide, or just get shrugged off? Crown Castle runs on long-term carrier leases, though shares tend to react to shifts in rates and even a whiff of weaker wireless spending.
Still, a couple of factors could trip up the bullish scenario. Should Treasury yields continue to rise, or if the DISH dispute drags on with a more complicated recovery, those could sap demand for the stock—even if the company’s operating numbers remain steady.
All eyes now shift to Thursday’s U.S. numbers—initial jobless claims and the Philadelphia Fed manufacturing survey, both set for 8:30 a.m. ET. Any surprise could shake up rate expectations and hit rate-sensitive REITs like Crown Castle. (Investing)
