Crown Castle International Corp. (NYSE:CCI) had its price objective trimmed by Citigroup Inc. from $109.00 to $100.00 in a research report released on Friday. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Other equities research analysts have also issued research reports about the stock. Jefferies Group lifted their target price on shares of Crown Castle International Corp. from $100.00 to $110.00 and gave the company a buy rating in a research note on Monday, July 25th. SunTrust Banks Inc. initiated coverage on shares of Crown Castle International Corp. in a research note on Monday, September 12th. They set a buy rating and a $107.00 target price on the stock. Oppenheimer Holdings Inc. reaffirmed a buy rating on shares of Crown Castle International Corp. in a research note on Tuesday, June 7th. Deutsche Bank AG reaffirmed a buy rating and set a $99.00 target price on shares of Crown Castle International Corp. in a research note on Tuesday, May 31st. Finally, Stifel Nicolaus lifted their target price on shares of Crown Castle International Corp. from $103.00 to $110.00 and gave the company a buy rating in a research note on Friday, July 22nd. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $102.38.

Shares of Crown Castle International Corp. (NYSE:CCI) traded up 0.71% during midday trading on Friday, reaching $91.01. 202,030 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $95.46 and a 200-day moving average of $92.27. Crown Castle International Corp. has a 12-month low of $75.71 and a 12-month high of $102.82. The stock has a market capitalization of $30.72 billion, a P/E ratio of 91.65 and a beta of 0.34.

Crown Castle International Corp. (NYSE:CCI) last announced its earnings results on Thursday, July 21st. The real estate investment trust reported $1.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.16. The firm had revenue of $962.40 million for the quarter, compared to analyst estimates of $948.85 million. Crown Castle International Corp. had a net margin of 9.78% and a return on equity of 4.84%. Analysts anticipate that Crown Castle International Corp. will post $4.68 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a dividend of $0.885 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $3.54 annualized dividend and a dividend yield of 3.92%. Crown Castle International Corp.’s payout ratio is 354.00%.

In other news, Director Robert F. Mckenzie sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $93.07, for a total transaction of $93,070.00. Following the completion of the transaction, the director now directly owns 28,741 shares of the company’s stock, valued at $2,674,924.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman W Benjamin Moreland sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $98.23, for a total transaction of $4,911,500.00. Following the transaction, the insider now directly owns 533,972 shares of the company’s stock, valued at $52,452,069.56. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCI. Thomas White International Ltd. boosted its position in Crown Castle International Corp. by 114.7% in the first quarter. Thomas White International Ltd. now owns 18,510 shares of the real estate investment trust’s stock valued at $1,601,000 after buying an additional 9,890 shares during the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Crown Castle International Corp. during the first quarter valued at about $633,000. Aperio Group LLC raised its stake in shares of Crown Castle International Corp. by 6.6% in the first quarter. Aperio Group LLC now owns 102,319 shares of the real estate investment trust’s stock valued at $8,851,000 after buying an additional 6,327 shares during the period. Commonwealth Equity Services Inc raised its stake in shares of Crown Castle International Corp. by 1.9% in the first quarter. Commonwealth Equity Services Inc now owns 40,423 shares of the real estate investment trust’s stock valued at $3,497,000 after buying an additional 768 shares during the period. Finally, Sanders Morris Harris Inc. acquired a new stake in shares of Crown Castle International Corp. during the first quarter valued at about $1,548,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

About Crown Castle International Corp.

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).

5 Day Chart for NYSE:CCI

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