Crown Castle International Corporation (NYSE:CCI) had its price target increased by Citigroup Inc. from $96.00 to $108.00 in a research report report published on Monday morning. Citigroup Inc. currently has a neutral rating on the real estate investment trust’s stock.

A number of other analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Crown Castle International Corporation from a hold rating to a strong-buy rating and set a $114.00 target price for the company in a research note on Tuesday, July 11th. Macquarie restated a buy rating and set a $107.00 target price on shares of Crown Castle International Corporation in a research note on Wednesday, July 19th. BidaskClub cut shares of Crown Castle International Corporation from a buy rating to a hold rating in a research note on Thursday, July 6th. Barclays PLC dropped their price objective on shares of Crown Castle International Corporation from $101.00 to $95.00 and set an equal weight rating for the company in a research note on Monday, May 22nd. Finally, Deutsche Bank AG lifted their price objective on shares of Crown Castle International Corporation from $108.00 to $117.00 and gave the stock a buy rating in a research note on Friday, June 9th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $106.05.

Shares of Crown Castle International Corporation (NYSE:CCI) opened at 107.27 on Monday. The stock’s 50 day moving average price is $101.21 and its 200 day moving average price is $97.11. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $107.89. The firm has a market capitalization of $43.58 billion, a P/E ratio of 85.61 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last posted its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $1.05 EPS. On average, analysts predict that Crown Castle International Corporation will post $1.15 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.54%. The ex-dividend date is Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio (DPR) is 304.00%.

In other news, Director J Landis Martin bought 30,000 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were purchased at an average cost of $100.64 per share, with a total value of $3,019,200.00. Following the acquisition, the director now directly owns 99,335 shares in the company, valued at $9,997,074.40. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Crown Castle International Corporation by 3.8% in the second quarter. Vanguard Group Inc. now owns 24,372,787 shares of the real estate investment trust’s stock valued at $2,441,666,000 after buying an additional 891,908 shares in the last quarter. BlackRock Inc. raised its position in Crown Castle International Corporation by 4.2% in the second quarter. BlackRock Inc. now owns 24,254,770 shares of the real estate investment trust’s stock valued at $2,429,841,000 after buying an additional 975,757 shares in the last quarter. Capital World Investors raised its position in Crown Castle International Corporation by 12.6% in the second quarter. Capital World Investors now owns 23,132,825 shares of the real estate investment trust’s stock valued at $2,317,446,000 after buying an additional 2,584,490 shares in the last quarter. State Street Corp raised its position in Crown Castle International Corporation by 1.0% in the first quarter. State Street Corp now owns 14,766,574 shares of the real estate investment trust’s stock valued at $1,394,708,000 after buying an additional 147,313 shares in the last quarter. Finally, Capital International Investors raised its position in Crown Castle International Corporation by 10.4% in the second quarter. Capital International Investors now owns 8,445,600 shares of the real estate investment trust’s stock valued at $846,080,000 after buying an additional 793,400 shares in the last quarter. 82.98% of the stock is currently owned by hedge funds and other institutional investors.

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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