Traders sold shares of Crown Castle International Corp. (NYSE:CCI) on strength during trading hours on Monday after Citigroup lowered their price target on the stock from $109.00 to $100.00. $31.53 million flowed into the stock on the tick-up and $61.17 million flowed out of the stock on the tick-down, for a money net flow of $29.64 million out of the stock. Of all equities tracked, Crown Castle International Corp. had the 12th highest net out-flow for the day. Crown Castle International Corp. traded up $1.43 for the day and closed at $91.80

Several other equities research analysts have also recently commented on the company. Morgan Stanley reissued an “overweight” rating and issued a $103.00 target price on shares of Crown Castle International Corp. in a research note on Friday, July 22nd. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Crown Castle International Corp. in a research note on Tuesday, June 7th. SunTrust Banks Inc. started coverage on Crown Castle International Corp. in a research note on Monday, September 12th. They issued a “buy” rating and a $107.00 target price for the company. Jefferies Group reissued a “buy” rating on shares of Crown Castle International Corp. in a research note on Monday, August 22nd. Finally, Zacks Investment Research cut Crown Castle International Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Crown Castle International Corp. currently has a consensus rating of “Buy” and an average target price of $102.38.

In other Crown Castle International Corp. news, Vice Chairman W Benjamin Moreland sold 50,000 shares of Crown Castle International Corp. stock in a transaction dated Wednesday, September 7th. The stock was 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 in the company, valued at $52,452,069.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert F. Mckenzie sold 1,000 shares of Crown Castle International Corp. stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $93.07, for a total value of $93,070.00. Following the transaction, the director now owns 28,741 shares in the company, valued at $2,674,924.87. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CCI. Panagora Asset Management Inc. raised its stake in shares of Crown Castle International Corp. by 65.0% in the first quarter. Panagora Asset Management Inc. now owns 509,590 shares of the real estate investment trust’s stock worth $44,080,000 after buying an additional 200,689 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Crown Castle International Corp. by 42.5% in the second quarter. Daiwa Securities Group Inc. now owns 2,252,382 shares of the real estate investment trust’s stock worth $228,459,000 after buying an additional 671,455 shares during the period. Geode Capital Management LLC raised its stake in shares of Crown Castle International Corp. by 2.2% in the first quarter. Geode Capital Management LLC now owns 2,738,160 shares of the real estate investment trust’s stock worth $236,377,000 after buying an additional 57,704 shares during the period. Three Peaks Capital Management LLC raised its stake in shares of Crown Castle International Corp. by 366.6% in the first quarter. Three Peaks Capital Management LLC now owns 75,206 shares of the real estate investment trust’s stock worth $6,505,000 after buying an additional 59,087 shares during the period. Finally, NN Investment Partners Holdings N.V. purchased a new stake in shares of Crown Castle International Corp. during the first quarter worth approximately $165,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

The stock has a market cap of $30.99 billion, a P/E ratio of 92.45 and a beta of 0.34. The company’s 50 day moving average price is $95.46 and its 200 day moving average price is $92.27.

Crown Castle International Corp. (NYSE:CCI) last posted its quarterly earnings data on Thursday, July 21st. The real estate investment trust reported $1.16 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.16. The business earned $962.40 million during the quarter, compared to the consensus estimate of $948.85 million. Crown Castle International Corp. had a return on equity of 4.84% and a net margin of 9.78%. Equities research analysts anticipate that Crown Castle International Corp. will post $4.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a $0.885 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $3.54 dividend on an annualized basis and a yield of 3.86%. Crown Castle International Corp.’s payout ratio is 354.00%.

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

Receive News & Ratings for Crown Castle International Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Castle International Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.