Royal Bank Of Canada reiterated their buy rating on shares of Crown Castle International Corporation (NYSE:CCI) in a research report sent to investors on Tuesday. They currently have a $107.00 price objective on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the stock. Raymond James Financial, Inc. reiterated a market perform rating on shares of Crown Castle International Corporation in a research note on Monday, June 12th. Citigroup Inc. downgraded shares of Crown Castle International Corporation to a market perform rating in a research note on Monday, June 12th. Macquarie reiterated a buy rating and set a $107.00 price objective on shares of Crown Castle International Corporation in a research note on Wednesday, July 19th. BidaskClub upgraded shares of Crown Castle International Corporation from a buy rating to a strong-buy rating in a research note on Wednesday, August 23rd. Finally, Barclays PLC reduced their price objective on shares of Crown Castle International Corporation from $101.00 to $95.00 and set an equal weight rating on the stock in a research note on Monday, May 22nd. 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 stock presently has an average rating of Buy and an average price target of $106.05.

Shares of Crown Castle International Corporation (CCI) opened at 107.01 on Tuesday. The firm has a market capitalization of $43.47 billion, a price-to-earnings ratio of 85.40 and a beta of 0.18. The stock’s 50 day moving average is $102.31 and its 200 day moving average is $97.79. Crown Castle International Corporation has a 12 month low of $79.38 and a 12 month high of $108.88.

Crown Castle International Corporation (NYSE:CCI) last announced its quarterly earnings data 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 firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 earnings per share. Equities research analysts forecast that Crown Castle International Corporation will post $1.15 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.55%. Crown Castle International Corporation’s payout ratio is currently 304.00%.

In related news, Director J Landis Martin purchased 30,000 shares of Crown Castle International Corporation stock in a transaction dated Friday, July 28th. The shares were bought at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the purchase, the director now owns 99,335 shares in the company, valued at approximately $9,997,074.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.41% of the company’s stock.

Several large investors have recently bought and sold shares of CCI. Winslow Evans & Crocker Inc. increased its stake in Crown Castle International Corporation by 36.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 278 shares in the last quarter. Capital Analysts LLC increased its stake in Crown Castle International Corporation by 5.0% in the second quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 53 shares in the last quarter. Parallel Advisors LLC increased its stake in Crown Castle International Corporation by 261.5% in the first quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 923 shares in the last quarter. Guardian Life Insurance Co. of America increased its stake in Crown Castle International Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 10 shares in the last quarter. Finally, First Personal Financial Services increased its stake in Crown Castle International Corporation by 1,574.0% in the first quarter. First Personal Financial Services now owns 1,674 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 1,574 shares in the last quarter. Institutional investors own 82.98% of the company’s stock.

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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