CROWN CASTLE In/SH SH (NYSE:CCI) – Investment analysts at KeyCorp lifted their FY2018 earnings estimates for shares of CROWN CASTLE In/SH SH in a research note issued on Thursday, October 18th. KeyCorp analyst B. Nispel now forecasts that the real estate investment trust will earn $5.23 per share for the year, up from their previous estimate of $5.22. KeyCorp also issued estimates for CROWN CASTLE In/SH SH’s Q1 2019 earnings at $1.36 EPS, Q2 2019 earnings at $1.37 EPS, Q3 2019 earnings at $1.40 EPS and Q4 2019 earnings at $1.44 EPS.

CCI has been the topic of a number of other research reports. Citigroup lifted their price target on CROWN CASTLE In/SH SH from $109.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 24th. Zacks Investment Research cut CROWN CASTLE In/SH SH from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Guggenheim reissued a “buy” rating and issued a $120.00 price target on shares of CROWN CASTLE In/SH SH in a research note on Friday, July 20th. UBS Group set a $120.00 price target on CROWN CASTLE In/SH SH and gave the stock a “buy” rating in a research note on Friday, September 28th. Finally, Morgan Stanley lifted their price target on CROWN CASTLE In/SH SH from $116.00 to $118.00 and gave the stock an “overweight” rating in a research note on Thursday, August 16th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. CROWN CASTLE In/SH SH has an average rating of “Buy” and a consensus price target of $117.64.

Shares of CCI opened at $106.93 on Monday. The stock has a market capitalization of $44.36 billion, a P/E ratio of 22.05, a P/E/G ratio of 1.62 and a beta of 0.35. CROWN CASTLE In/SH SH has a 1-year low of $98.85 and a 1-year high of $114.97. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.91 and a current ratio of 0.96.

CROWN CASTLE In/SH SH (NYSE:CCI) last issued its quarterly earnings results on Wednesday, October 17th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.06. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. CROWN CASTLE In/SH SH had a return on equity of 4.22% and a net margin of 10.07%. CROWN CASTLE In/SH SH’s revenue was up 29.4% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a dividend of $1.125 per share. This represents a $4.50 annualized dividend and a yield of 4.21%. The ex-dividend date is Thursday, December 13th. This is a boost from CROWN CASTLE In/SH SH’s previous quarterly dividend of $1.05. CROWN CASTLE In/SH SH’s payout ratio is 86.60%.

In other CROWN CASTLE In/SH SH news, Director Robert E. Garrison II sold 2,451 shares of CROWN CASTLE In/SH SH stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $113.96, for a total transaction of $279,315.96. Following the transaction, the director now owns 23,100 shares of the company’s stock, valued at approximately $2,632,476. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director J Landis Martin bought 6,100 shares of the stock in a transaction on Tuesday, August 7th. The shares were acquired at an average cost of $110.14 per share, for a total transaction of $671,854.00. Following the purchase, the director now owns 107,822 shares in the company, valued at $11,875,515.08. The disclosure for this purchase can be found here. Insiders own 0.36% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CCI. Commonwealth Bank of Australia grew its stake in CROWN CASTLE In/SH SH by 1,321.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,760,722 shares of the real estate investment trust’s stock valued at $282,092,000 after acquiring an additional 2,566,570 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of CROWN CASTLE In/SH SH by 18.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,399,446 shares of the real estate investment trust’s stock valued at $582,167,000 after buying an additional 844,554 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of CROWN CASTLE In/SH SH by 19.6% during the 1st quarter. Principal Financial Group Inc. now owns 2,331,425 shares of the real estate investment trust’s stock valued at $255,547,000 after buying an additional 382,362 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of CROWN CASTLE In/SH SH by 977.9% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 394,938 shares of the real estate investment trust’s stock valued at $42,582,000 after buying an additional 358,300 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its holdings in shares of CROWN CASTLE In/SH SH by 5,643.3% during the 1st quarter. Summit Trail Advisors LLC now owns 310,484 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 305,078 shares during the last quarter. 94.84% of the stock is currently owned by institutional investors.

About CROWN CASTLE In/SH SH

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service bringing information, ideas and innovations to the people and businesses that need them.

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Earnings History and Estimates for CROWN CASTLE In/SH SH (NYSE:CCI)

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