Shares of Crown Castle International Corporation (NYSE:CCI) have earned an average rating of “Buy” from the thirteen research firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $105.61.

Several brokerages have recently issued reports on CCI. Royal Bank Of Canada restated a “buy” rating and issued a $107.00 price objective on shares of Crown Castle International Corporation in a research note on Tuesday, August 29th. Citigroup Inc. raised their price objective on Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, August 28th. Bank of America Corporation raised their price objective on Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. BidaskClub upgraded Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday, June 12th.

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

A number of institutional investors and hedge funds have recently modified their holdings of CCI. Winslow Evans & Crocker Inc. grew its holdings in 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 valued at $104,000 after purchasing an additional 278 shares during the period. Capital Analysts LLC grew its holdings in 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 purchasing an additional 53 shares during the period. Parallel Advisors LLC grew its holdings in 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 purchasing an additional 923 shares during the period. Guardian Life Insurance Co. of America grew its holdings in 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 purchasing an additional 10 shares during the period. Finally, First Personal Financial Services grew its holdings in 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 purchasing an additional 1,574 shares during the period. 82.98% of the stock is currently owned by institutional investors.

Crown Castle International Corporation (NYSE:CCI) traded up 0.64% during midday trading on Friday, hitting $105.48. The company’s stock had a trading volume of 2,987,845 shares. The company has a market cap of $42.85 billion, a price-to-earnings ratio of 84.18 and a beta of 0.18. The company’s 50-day moving average is $104.28 and its 200 day moving average is $98.78. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $108.88.

Crown Castle International Corporation (NYSE:CCI) last announced its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business posted $1.05 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts predict that Crown Castle International Corporation will post $1.16 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.60%. The ex-dividend date is Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio (DPR) is 304.00%.

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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).

Analyst Recommendations for Crown Castle International Corporation (NYSE:CCI)

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