Crown Castle International Corp. (NYSE:CCI) SVP Kenneth Jay Simon acquired 1,248 shares of the stock in a transaction dated Monday, November 14th. The stock was acquired at an average price of $80.19 per share, for a total transaction of $100,077.12. Following the purchase, the senior vice president now directly owns 5,552 shares in the company, valued at $445,214.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Crown Castle International Corp. (NYSE:CCI) traded up 0.159% during trading on Thursday, reaching $85.225. The company’s stock had a trading volume of 2,406,697 shares. The stock has a 50 day moving average price of $89.88 and a 200 day moving average price of $93.46. The stock has a market capitalization of $28.77 billion, a PE ratio of 87.680 and a beta of 0.35. Crown Castle International Corp. has a 1-year low of $75.71 and a 1-year high of $102.82.

Crown Castle International Corp. (NYSE:CCI) last issued its earnings results on Thursday, October 20th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by $0.09. The company earned $992 million during the quarter, compared to analysts’ expectations of $968.15 million. Crown Castle International Corp. had a net margin of 9.45% and a return on equity of 4.84%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 earnings per share. Analysts anticipate that Crown Castle International Corp. will post $4.74 earnings per share for the current fiscal year.

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

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

A number of equities research analysts have commented on the stock. SunTrust Banks Inc. assumed coverage on shares of Crown Castle International Corp. in a research note on Monday, September 12th. They set a “buy” rating and a $107.00 target price on the stock. Citigroup Inc. cut their price objective on shares of Crown Castle International Corp. from $109.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 16th. Stifel Nicolaus increased their price objective on shares of Crown Castle International Corp. from $103.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 22nd. Zacks Investment Research lowered shares of Crown Castle International Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Crown Castle International Corp. in a report on Monday, August 22nd. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $103.21.

Hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. boosted its stake in shares of Crown Castle International Corp. by 21.2% in the third quarter. Ameritas Investment Partners Inc. now owns 8,070 shares of the real estate investment trust’s stock valued at $760,000 after buying an additional 1,410 shares during the last quarter. NS Partners Ltd boosted its stake in shares of Crown Castle International Corp. by 9.5% in the third quarter. NS Partners Ltd now owns 80,119 shares of the real estate investment trust’s stock valued at $7,548,000 after buying an additional 6,974 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Crown Castle International Corp. during the third quarter valued at about $392,000. Chartwell Investment Partners LLC boosted its stake in shares of Crown Castle International Corp. by 10.0% in the third quarter. Chartwell Investment Partners LLC now owns 72,767 shares of the real estate investment trust’s stock valued at $6,856,000 after buying an additional 6,631 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Crown Castle International Corp. by 13.1% in the third quarter. Candriam Luxembourg S.C.A. now owns 22,451 shares of the real estate investment trust’s stock valued at $2,115,000 after buying an additional 2,600 shares during the last quarter. Institutional investors own 96.56% of the company’s stock.

Crown Castle International Corp. Company Profile

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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