Crown Castle International Corp. (NYSE:CCI) CFO Daniel K. Schlanger acquired 3,140 shares of Crown Castle International Corp. stock in a transaction on Monday, November 14th. The shares were purchased at an average price of $79.74 per share, with a total value of $250,383.60. Following the completion of the purchase, the chief financial officer now owns 3,140 shares in the company, valued at approximately $250,383.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Crown Castle International Corp. (NYSE:CCI) opened at 85.11 on Friday. Crown Castle International Corp. has a one year low of $75.71 and a one year high of $102.82. The firm’s 50-day moving average is $89.62 and its 200 day moving average is $93.40. The stock has a market cap of $28.73 billion, a P/E ratio of 87.56 and a beta of 0.35.

Crown Castle International Corp. (NYSE:CCI) last released its quarterly earnings results on Thursday, October 20th. The real estate investment trust reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by $0.09. The firm had revenue of $992 million for 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 business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.07 earnings per share. On average, analysts anticipate that Crown Castle International Corp. will post $4.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 4.46%. 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 361.23%.

Institutional investors have recently bought and sold shares of the stock. Maple Brown Abbott Ltd increased its position in Crown Castle International Corp. by 2.3% in the second quarter. Maple Brown Abbott Ltd now owns 320,968 shares of the real estate investment trust’s stock valued at $32,556,000 after buying an additional 7,210 shares during the period. Panagora Asset Management Inc. increased its position in Crown Castle International Corp. by 65.0% in the first quarter. Panagora Asset Management Inc. now owns 509,590 shares of the real estate investment trust’s stock valued at $44,080,000 after buying an additional 200,689 shares during the period. Congress Asset Management Co. MA bought a new position in Crown Castle International Corp. during the second quarter valued at about $49,830,000. Daiwa Securities Group Inc. increased its position in Crown Castle International Corp. by 42.5% in the second quarter. Daiwa Securities Group Inc. now owns 2,252,382 shares of the real estate investment trust’s stock valued at $228,459,000 after buying an additional 671,455 shares during the period. Finally, Aviance Capital Management LLC increased its position in Crown Castle International Corp. by 58.2% in the second quarter. Aviance Capital Management LLC now owns 193,588 shares of the real estate investment trust’s stock valued at $19,635,000 after buying an additional 71,218 shares during the period. Hedge funds and other institutional investors own 96.56% of the company’s stock.

A number of analysts have weighed in on the stock. Deutsche Bank AG restated a “buy” rating and set a $106.00 price objective on shares of Crown Castle International Corp. in a research note on Friday, November 4th. Zacks Investment Research lowered shares of Crown Castle International Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. Citigroup Inc. reduced 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 research note on Friday, September 16th. 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 price objective for the company. 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 objective for the company in a research note on Tuesday, September 6th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price 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).

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