Crown Castle International Corp. (NYSE:CCI) has been given an average recommendation of “Buy” by the seventeen ratings firms that are currently covering the stock. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $101.67.

CCI has been the topic of several research reports. Morgan Stanley reiterated an “overweight” rating and issued a $103.00 price objective on shares of Crown Castle International Corp. in a research note on Friday, July 22nd. Barclays PLC dropped their price target on shares of Crown Castle International Corp. from $100.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 21st. Jefferies Group increased their price target on shares of Crown Castle International Corp. from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. Zacks Investment Research upgraded shares of Crown Castle International Corp. from a “hold” rating to a “strong-buy” rating and set a $112.00 price target on the stock in a research note on Tuesday, July 26th. Finally, Oppenheimer Holdings Inc. upgraded shares of Crown Castle International Corp. from a “market perform” rating to an “outperform” rating and set a $109.00 price target on the stock in a research note on Tuesday, September 6th.

Crown Castle International Corp. (NYSE:CCI) opened at 92.03 on Wednesday. The firm has a market cap of $31.07 billion, a price-to-earnings ratio of 92.68 and a beta of 0.27. The firm has a 50-day moving average of $93.06 and a 200-day moving average of $93.11. Crown Castle International Corp. has a one year low of $75.71 and a one year high of $102.82.

Crown Castle International Corp. (NYSE:CCI) last released its quarterly earnings data on Thursday, July 21st. The real estate investment trust reported $1.16 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.16. The firm had revenue of $962.40 million for the quarter, compared to analyst estimates of $948.85 million. Crown Castle International Corp. had a net margin of 9.78% and a return on equity of 4.84%. Analysts anticipate that Crown Castle International Corp. will post $4.68 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a $0.885 dividend. This represents a $3.54 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Wednesday, September 14th. Crown Castle International Corp.’s dividend payout ratio (DPR) is presently 354.00%.

In other Crown Castle International Corp. news, Vice Chairman W Benjamin Moreland sold 50,000 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $98.23, for a total value of $4,911,500.00. Following the completion of the sale, the insider now directly owns 533,972 shares of the company’s stock, valued at approximately $52,452,069.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert F. Mckenzie sold 1,000 shares of the stock in a transaction on Monday, September 12th. The shares were sold at an average price of $93.07, for a total transaction of $93,070.00. Following the completion of the sale, the director now directly owns 28,741 shares of the company’s stock, valued at $2,674,924.87. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of CCI. Capital Analysts LLC increased its position in Crown Castle International Corp. by 0.7% in the second quarter. Capital Analysts LLC now owns 1,057 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 7 shares during the last quarter. FineMark National Bank & Trust increased its position in Crown Castle International Corp. by 846.6% in the second quarter. FineMark National Bank & Trust now owns 1,117 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 999 shares during the last quarter. CENTRAL TRUST Co increased its position in Crown Castle International Corp. by 309.7% in the second quarter. CENTRAL TRUST Co now owns 1,229 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 929 shares during the last quarter. Pinkerton Retirement Specialists LLC acquired a new position in Crown Castle International Corp. during the second quarter worth approximately $136,000. Finally, Van ECK Associates Corp acquired a new position in Crown Castle International Corp. during the second quarter worth approximately $153,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

About Crown Castle International Corp.

Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests).

5 Day Chart for NYSE:CCI

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