Shares of Crown Castle International Corporation (NYSE:CCI) have been assigned a consensus recommendation of “Buy” from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $106.25.

CCI has been the subject of several recent analyst reports. Citigroup Inc. lifted their price objective on shares of 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. Zacks Investment Research raised shares of Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $114.00 price objective for the company in a research note on Tuesday, July 11th. 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. Royal Bank Of Canada reaffirmed a “buy” rating and set a $107.00 price objective on shares of Crown Castle International Corporation in a research note on Tuesday, August 29th. Finally, BidaskClub lowered shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th.

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Shares of Crown Castle International Corporation (CCI) traded up 0.9925% during midday trading on Thursday, hitting $103.2244. 1,101,756 shares of the stock were exchanged. The firm has a 50-day moving average of $103.79 and a 200-day moving average of $100.11. Crown Castle International Corporation has a 1-year low of $79.38 and a 1-year high of $108.88. The company has a market capitalization of $41.94 billion, a P/E ratio of 82.3818 and a beta of 0.16.

Crown Castle International Corporation (NYSE:CCI) last posted its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. Crown Castle International Corporation’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.05 earnings per share. On average, equities analysts expect that Crown Castle International Corporation will post $1.12 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio is currently 304.00%.

In related news, Director J Landis Martin bought 30,000 shares of the stock in a transaction dated Friday, July 28th. The stock was purchased 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 owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of CCI. Van ECK Associates Corp boosted its stake in shares of Crown Castle International Corporation by 17.1% during the first quarter. Van ECK Associates Corp now owns 3,707 shares of the real estate investment trust’s stock valued at $350,000 after purchasing an additional 540 shares during the period. Lasalle Investment Management Securities LLC boosted its stake in shares of Crown Castle International Corporation by 67.7% during the first quarter. Lasalle Investment Management Securities LLC now owns 2,241,966 shares of the real estate investment trust’s stock valued at $211,754,000 after purchasing an additional 905,260 shares during the period. Teachers Advisors LLC boosted its stake in shares of Crown Castle International Corporation by 6.0% during the first quarter. Teachers Advisors LLC now owns 1,913,613 shares of the real estate investment trust’s stock valued at $180,741,000 after purchasing an additional 108,076 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Crown Castle International Corporation by 3.8% during the first quarter. TIAA CREF Investment Management LLC now owns 2,080,785 shares of the real estate investment trust’s stock valued at $196,530,000 after purchasing an additional 75,820 shares during the period. Finally, Boston Financial Mangement LLC boosted its stake in shares of Crown Castle International Corporation by 6.1% during the first quarter. Boston Financial Mangement LLC now owns 105,378 shares of the real estate investment trust’s stock valued at $9,953,000 after purchasing an additional 6,083 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

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).

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

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