CROWN CASTLE IN/SH SH (NYSE:CCI) reached a new 52-week high during trading on Wednesday . The stock traded as high as $130.35 and last traded at $129.91, with a volume of 44201 shares changing hands. The stock had previously closed at $129.83.

Several research analysts recently weighed in on CCI shares. Wells Fargo & Co upped their price target on shares of CROWN CASTLE IN/SH SH from $123.00 to $129.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 12th. Deutsche Bank lowered shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating and set a $121.00 target price on the stock. in a report on Monday, March 18th. They noted that the move was a valuation call. Raymond James upgraded shares of CROWN CASTLE IN/SH SH from a “mkt perform” rating to an “outperform” rating in a report on Thursday, January 3rd. Macquarie lowered shares of CROWN CASTLE IN/SH SH from an “outperform” rating to a “neutral” rating in a report on Tuesday, February 12th. Finally, Goldman Sachs Group lowered shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $110.00 target price on the stock. in a report on Monday, January 14th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. CROWN CASTLE IN/SH SH presently has an average rating of “Hold” and a consensus price target of $120.58.

The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $53.95 billion, a PE ratio of 23.73, a PEG ratio of 1.49 and a beta of 0.42.

CROWN CASTLE IN/SH SH (NYSE:CCI) last announced its earnings results on Wednesday, January 23rd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. CROWN CASTLE IN/SH SH had a net margin of 11.86% and a return on equity of 5.17%. The company’s revenue was up 14.6% on a year-over-year basis. On average, research analysts forecast that CROWN CASTLE IN/SH SH will post 5.6 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $1.125 dividend. This represents a $4.50 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Thursday, March 14th. CROWN CASTLE IN/SH SH’s dividend payout ratio is presently 82.12%.

In other news, Director Edward C. Hutcheson, Jr. acquired 350 shares of the business’s stock in a transaction dated Friday, February 8th. The stock was acquired at an average price of $117.95 per share, with a total value of $41,282.50. Following the completion of the transaction, the director now directly owns 59,187 shares in the company, valued at approximately $6,981,106.65. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Michael Joseph Kavanagh sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $120.06, for a total transaction of $300,150.00. Following the transaction, the senior vice president now directly owns 38,471 shares of the company’s stock, valued at approximately $4,618,828.26. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

A number of hedge funds have recently modified their holdings of CCI. Capital Investment Advisory Services LLC acquired a new position in CROWN CASTLE IN/SH SH during the fourth quarter worth approximately $26,000. Covington Capital Management acquired a new position in CROWN CASTLE IN/SH SH during the fourth quarter worth approximately $29,000. CX Institutional increased its position in CROWN CASTLE IN/SH SH by 160.7% during the first quarter. CX Institutional now owns 232 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 143 shares during the last quarter. Athena Capital Advisors LLC acquired a new position in CROWN CASTLE IN/SH SH during the fourth quarter worth approximately $33,000. Finally, Doyle Wealth Management acquired a new position in CROWN CASTLE IN/SH SH during the fourth quarter worth approximately $33,000. 93.18% of the stock is owned by hedge funds and other institutional investors.

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CROWN CASTLE IN/SH SH Company Profile (NYSE:CCI)

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 65,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.

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