Crown Castle International Corporation (NYSE:CCI) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 7,160,358 shares, a growth 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 days-to-cover ratio is presently 1.0 days. Currently, 2.0% of the company’s shares are sold short.

In other news, Director J Landis Martin acquired 30,000 shares of the company’s stock in a transaction on Friday, July 28th. The stock was bought at an average cost of $100.64 per share, with a total value of $3,019,200.00. Following the completion of the purchase, the director now directly owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in CCI. Verition Fund Management LLC boosted its position in Crown Castle International Corporation by 174.7% in the second quarter. Verition Fund Management LLC now owns 11,005 shares of the real estate investment trust’s stock worth $1,102,000 after buying an additional 6,999 shares in the last quarter. National Asset Management Inc. acquired a new position in Crown Castle International Corporation during the second quarter worth $210,000. Piedmont Investment Advisors LLC boosted its position in Crown Castle International Corporation by 2.6% in the second quarter. Piedmont Investment Advisors LLC now owns 78,121 shares of the real estate investment trust’s stock worth $7,826,000 after buying an additional 1,975 shares in the last quarter. BB&T Investment Services Inc. acquired a new position in Crown Castle International Corporation during the second quarter worth $657,000. Finally, Linscomb & Williams Inc. boosted its position in Crown Castle International Corporation by 7.0% in the second quarter. Linscomb & Williams Inc. now owns 30,441 shares of the real estate investment trust’s stock worth $3,050,000 after buying an additional 1,979 shares in the last quarter. Institutional investors and hedge funds own 84.16% of the company’s stock.

Shares of Crown Castle International Corporation (NYSE CCI) opened at 103.06 on Wednesday. Crown Castle International Corporation has a 52-week low of $79.38 and a 52-week high of $104.68. The company has a market capitalization of $41.87 billion, a P/E ratio of 82.25 and a beta of 0.20. The stock’s 50 day moving average price is $100.03 and its 200 day moving average price is $96.21.

Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 EPS. On average, equities research analysts forecast that Crown Castle International Corporation will post $1.17 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio is presently 304.00%.

Several research analysts have commented on the stock. Deutsche Bank AG lifted their price objective on shares of Crown Castle International Corporation from $108.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, June 9th. Macquarie reaffirmed a “buy” rating and set a $107.00 price objective on shares of Crown Castle International Corporation in a research note on Wednesday, July 19th. Barclays PLC dropped their price objective on shares of Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, May 22nd. BidaskClub lowered shares of Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Citigroup Inc. dropped their price objective on shares of Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating for the company in a research note on Friday, July 21st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Crown Castle International Corporation currently has an average rating of “Buy” and an average target price of $104.95.

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Crown Castle International Corporation 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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