Crown Castle International Corp. (NYSE:CCI) Director Anthony J. Melone acquired 2,500 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were acquired at an average price of $81.84 per share, with a total value of $204,600.00. Following the acquisition, the director now owns 5,405 shares in the company, valued at approximately $442,345.20. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Crown Castle International Corp. (NYSE:CCI) traded up 0.32% during midday trading on Thursday, hitting $85.36. The stock had a trading volume of 2,188,025 shares. Crown Castle International Corp. has a 12 month low of $75.71 and a 12 month high of $102.82. The stock has a market cap of $28.81 billion, a price-to-earnings ratio of 87.82 and a beta of 0.35. The stock has a 50 day moving average of $89.88 and a 200 day moving average of $93.46.

Crown Castle International Corp. (NYSE:CCI) last issued its earnings results on Thursday, October 20th. The real estate investment trust reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by $0.09. Crown Castle International Corp. had a return on equity of 4.84% and a net margin of 9.45%. The firm had revenue of $992 million for the quarter, compared to analyst estimates of $968.15 million. During the same quarter in the previous year, the firm posted $1.07 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts expect that Crown Castle International Corp. will post $4.74 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Crown Castle International Corp. (NYSE:CCI)

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 4.47%. This is an increase from Crown Castle International Corp.’s previous quarterly dividend of $0.89. Crown Castle International Corp.’s dividend payout ratio is currently 361.23%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in Crown Castle International Corp. by 46.8% in the first quarter. Envestnet Asset Management Inc. now owns 96,113 shares of the real estate investment trust’s stock valued at $8,314,000 after buying an additional 30,650 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Crown Castle International Corp. during the first quarter valued at about $356,000. LPL Financial LLC increased its position in Crown Castle International Corp. by 111.7% in the first quarter. LPL Financial LLC now owns 78,513 shares of the real estate investment trust’s stock valued at $6,764,000 after buying an additional 41,422 shares in the last quarter. Junto Capital Management LP increased its position in Crown Castle International Corp. by 105.0% in the first quarter. Junto Capital Management LP now owns 832,410 shares of the real estate investment trust’s stock valued at $72,003,000 after buying an additional 426,360 shares in the last quarter. Finally, Chilton Capital Management LLC increased its position in Crown Castle International Corp. by 13.1% in the first quarter. Chilton Capital Management LLC now owns 172,467 shares of the real estate investment trust’s stock valued at $14,918,000 after buying an additional 20,005 shares in the last quarter. Institutional investors own 96.56% of the company’s stock.

Several analysts have recently commented on CCI shares. SunTrust Banks Inc. started coverage on Crown Castle International Corp. in a report on Monday, September 12th. They set a “buy” rating and a $107.00 price objective for the company. Jefferies Group reiterated a “buy” rating on shares of Crown Castle International Corp. in a report on Monday, August 22nd. Stifel Nicolaus increased their price objective on Crown Castle International Corp. from $103.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 22nd. Deutsche Bank AG reiterated a “buy” rating and set a $106.00 price objective on shares of Crown Castle International Corp. in a report on Friday, November 4th. Finally, Barclays PLC decreased their price objective on Crown Castle International Corp. from $100.00 to $91.00 and set an “equal weight” rating for the company in a report on Thursday, July 21st. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $103.21.

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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