Crown Castle International Corporation (NYSE:CCI) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totalling 7,160,358 shares, an increase of 45.5% from the July 14th total of 4,920,312 shares. Based on an average daily trading volume, of 6,882,283 shares, the short-interest ratio is currently 1.0 days. Approximately 2.0% of the company’s stock are sold short.

Crown Castle International Corporation (CCI) opened at 104.12 on Monday. The company has a market cap of $42.30 billion, a PE ratio of 83.10 and a beta of 0.20. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $105.05. The company has a 50-day moving average of $100.29 and a 200-day moving average of $96.45.

Crown Castle International Corporation (NYSE:CCI) last issued its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company earned $1.05 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Crown Castle International Corporation will post $1.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Thursday, September 14th. Crown Castle International Corporation’s payout ratio is currently 304.00%.

In other Crown Castle International Corporation news, Director J Landis Martin bought 30,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were purchased at an average price of $100.64 per share, for a total transaction of $3,019,200.00. Following the acquisition, the director now owns 99,335 shares in the company, valued at approximately $9,997,074.40. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.41% of the company’s stock.

A number of large investors have recently modified their holdings of CCI. Winslow Evans & Crocker Inc. increased its stake in shares of Crown Castle International Corporation by 36.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 278 shares during the last quarter. Capital Analysts LLC increased its stake in shares of Crown Castle International Corporation by 5.0% in the second quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 53 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Crown Castle International Corporation by 261.5% in the first quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 923 shares in the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of Crown Castle International Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 10 shares in the last quarter. Finally, First Personal Financial Services increased its stake in shares of Crown Castle International Corporation by 1,574.0% in the first quarter. First Personal Financial Services now owns 1,674 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 1,574 shares in the last quarter. 84.16% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on CCI. Raymond James Financial, Inc. restated a “market perform” rating on shares of Crown Castle International Corporation in a report on Monday, June 12th. Citigroup Inc. cut shares of Crown Castle International Corporation to a “market perform” rating in a report on Monday, June 12th. Macquarie restated a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a report on Wednesday, July 19th. BidaskClub upgraded shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Finally, Barclays PLC dropped their target price on shares of Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, May 22nd. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $104.95.

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About Crown Castle International Corporation

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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