Crown Castle International Corporation (NYSE:CCI) had its price objective lowered by Citigroup Inc. from $100.00 to $96.00 in a research note released on Friday. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

A number of other equities research analysts have also weighed in on CCI. Guggenheim raised shares of Crown Castle International Corporation from a neutral rating to a buy rating and boosted their target price for the stock from $91.00 to $101.00 in a report on Monday, April 10th. Royal Bank Of Canada reissued a buy rating and set a $107.00 target price on shares of Crown Castle International Corporation in a report on Tuesday, April 18th. Deutsche Bank AG reissued a buy rating and set a $108.00 target price (up from $106.00) on shares of Crown Castle International Corporation in a report on Saturday, April 22nd. Barclays PLC reduced their target price on shares of Crown Castle International Corporation from $101.00 to $95.00 and set an equal weight rating on the stock in a report on Monday, May 22nd. Finally, BidaskClub lowered shares of Crown Castle International Corporation from a strong-buy rating to a buy rating in a report on Saturday, June 10th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $104.95.

Crown Castle International Corporation (NYSE CCI) opened at 99.14 on Friday. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $104.68. The company has a 50-day moving average of $100.52 and a 200 day moving average of $94.36. The firm has a market capitalization of $36.30 billion, a price-to-earnings ratio of 79.12 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last announced its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the firm posted $1.05 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. On average, analysts anticipate that Crown Castle International Corporation will post $1.24 EPS for the current year.

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The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were given a $0.95 dividend. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.83%. Crown Castle International Corporation’s dividend payout ratio (DPR) is currently 304.00%.

In other news, COO James D. Young sold 24,646 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $97.50, for a total value of $2,402,985.00. Following the transaction, the chief operating officer now owns 140,006 shares in the company, valued at approximately $13,650,585. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert F. Mckenzie sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $96.48, for a total transaction of $144,720.00. Following the completion of the transaction, the director now owns 28,953 shares in the company, valued at approximately $2,793,385.44. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of CCI. Dynamic Advisors Solutions LLC purchased a new position in shares of Crown Castle International Corporation during the first quarter worth about $4,097,000. Creative Planning increased its position in shares of Crown Castle International Corporation by 54.4% in the first quarter. Creative Planning now owns 8,791 shares of the real estate investment trust’s stock worth $830,000 after buying an additional 3,098 shares during the period. Raymond James Trust N.A. increased its position in shares of Crown Castle International Corporation by 0.5% in the first quarter. Raymond James Trust N.A. now owns 16,650 shares of the real estate investment trust’s stock worth $1,573,000 after buying an additional 88 shares during the period. Trust Co increased its position in shares of Crown Castle International Corporation by 40.7% in the fourth quarter. Trust Co now owns 4,522 shares of the real estate investment trust’s stock worth $392,000 after buying an additional 1,309 shares during the period. Finally, Fulton Bank N.A. increased its position in shares of Crown Castle International Corporation by 7.0% in the first quarter. Fulton Bank N.A. now owns 22,527 shares of the real estate investment trust’s stock worth $2,128,000 after buying an additional 1,476 shares during the period. Hedge funds and other institutional investors own 91.34% of the company’s stock.

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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