Traders sold shares of Crown Castle International Corp. (REIT) (NYSE:CCI) on strength during trading hours on Wednesday. $38.39 million flowed into the stock on the tick-up and $110.52 million flowed out of the stock on the tick-down, for a money net flow of $72.13 million out of the stock. Of all companies tracked, Crown Castle International had the 17th highest net out-flow for the day. Crown Castle International traded up $0.37 for the day and closed at $109.18

Several research analysts have recently issued reports on the company. BidaskClub raised Crown Castle International from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. KeyCorp increased their target price on Crown Castle International from $106.00 to $114.00 in a research report on Monday, November 27th. Oppenheimer reissued a “market perform” rating on shares of Crown Castle International in a research report on Monday, October 16th. UBS lowered Crown Castle International from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Finally, Cowen reissued an “outperform” rating and issued a $112.00 target price (up previously from $105.00) on shares of Crown Castle International in a research report on Saturday, September 23rd. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $110.58.

The company has a current ratio of 7.13, a quick ratio of 7.13 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $44,539.94, a PE ratio of 23.13, a price-to-earnings-growth ratio of 1.60 and a beta of 0.22.

Crown Castle International (NYSE:CCI) last posted its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.07). Crown Castle International had a net margin of 11.35% and a return on equity of 5.93%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business earned $1.09 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. equities research analysts anticipate that Crown Castle International Corp. will post 4.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from Crown Castle International’s previous quarterly dividend of $0.95. Crown Castle International’s dividend payout ratio (DPR) is 316.67%.

In related news, VP Philip M. Kelley sold 10,551 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $113.09, for a total transaction of $1,193,212.59. Following the completion of the transaction, the vice president now owns 91,808 shares of the company’s stock, valued at approximately $10,382,566.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.41% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Fiduciary Trust Co. increased its holdings in shares of Crown Castle International by 0.7% in the 2nd quarter. Fiduciary Trust Co. now owns 3,203 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 21 shares in the last quarter. Capital Analysts LLC increased its holdings in shares of Crown Castle International by 5.0% in the 2nd quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 53 shares in the last quarter. Trustmark National Bank Trust Department increased its holdings in shares of Crown Castle International by 0.6% in the 2nd quarter. Trustmark National Bank Trust Department now owns 9,885 shares of the real estate investment trust’s stock worth $990,000 after purchasing an additional 63 shares in the last quarter. Solaris Asset Management LLC increased its holdings in shares of Crown Castle International by 5.1% in the 2nd quarter. Solaris Asset Management LLC now owns 1,855 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 90 shares in the last quarter. Finally, Walter & Keenan Financial Consulting Co. MI ADV increased its holdings in shares of Crown Castle International by 0.8% in the 2nd quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 12,350 shares of the real estate investment trust’s stock worth $1,237,000 after purchasing an additional 100 shares in the last quarter. 94.87% of the stock is owned by institutional investors.

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Crown Castle International 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).

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