Shares of Crown Castle International Corp. (NYSE:CCI) have received a consensus rating of “Buy” from the fifteen research firms that are currently covering the firm. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $102.17.

Several equities analysts have recently issued reports on CCI shares. Jefferies Group boosted their price target on shares of Crown Castle International Corp. from $100.00 to $110.00 and gave the company a “buy” rating in a report on Monday, July 25th. Zacks Investment Research raised shares of Crown Castle International Corp. from a “hold” rating to a “strong-buy” rating and set a $112.00 price target for the company in a report on Tuesday, July 26th. Oppenheimer Holdings Inc. raised shares of Crown Castle International Corp. from a “market perform” rating to an “outperform” rating and set a $109.00 price target for the company in a report on Tuesday, September 6th. SunTrust Banks Inc. started coverage on shares of Crown Castle International Corp. in a report on Monday, September 12th. They issued a “buy” rating and a $107.00 price target for the company. Finally, Citigroup Inc. decreased their price target 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.

Crown Castle International Corp. (NYSE:CCI) opened at 85.00 on Wednesday. The company has a market capitalization of $28.69 billion, a price-to-earnings ratio of 87.45 and a beta of 0.35. Crown Castle International Corp. has a 12-month low of $75.71 and a 12-month high of $102.82. The firm’s 50-day moving average price is $90.87 and its 200 day moving average price is $93.50.

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

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

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

Several large investors have recently modified their holdings of the stock. D.A. Davidson & CO. boosted its position in Crown Castle International Corp. by 47.9% in the third quarter. D.A. Davidson & CO. now owns 8,517 shares of the real estate investment trust’s stock valued at $800,000 after buying an additional 2,757 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in Crown Castle International Corp. during the third quarter valued at $6,514,000. Ameritas Investment Partners Inc. boosted its position in 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 in the last quarter. NS Partners Ltd boosted its position in 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 in the last quarter. Finally, Verition Fund Management LLC bought a new position in Crown Castle International Corp. during the third quarter valued at $392,000. 90.30% of the stock is currently owned by 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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