Crown Castle International Corporation (NYSE:CCI) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 7,160,358 shares, a growth of 45.5% from the July 14th total of 4,920,312 shares. Currently, 2.0% of the company’s shares are sold short. Based on an average trading volume of 6,882,283 shares, the days-to-cover ratio is currently 1.0 days.

A number of equities analysts recently commented on CCI shares. Zacks Investment Research upgraded 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 report on Tuesday, July 11th. Deutsche Bank AG restated 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. Macquarie restated a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a report on Wednesday, July 19th. BidaskClub cut Crown Castle International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Barclays PLC lowered their target price on Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, May 22nd. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $104.95.

Shares of Crown Castle International Corporation (NYSE CCI) opened at 103.06 on Wednesday. The firm has a market cap of $41.87 billion, a price-to-earnings ratio of 82.25 and a beta of 0.20. The firm has a 50-day moving average price of $100.03 and a 200-day moving average price of $96.21. Crown Castle International Corporation has a 52-week low of $79.38 and a 52-week high of $104.68.

Crown Castle International Corporation (NYSE:CCI) last issued its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. Analysts predict that Crown Castle International Corporation will post $1.17 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, September 14th. Crown Castle International Corporation’s payout ratio is 304.00%.

In other news, Director J Landis Martin bought 30,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was bought at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the acquisition, the director now directly owns 99,335 shares of the company’s stock, valued at approximately $9,997,074.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.41% of the company’s stock.

Several large investors have recently modified their holdings of the company. Winslow Evans & Crocker Inc. increased its stake in shares of 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 during the last quarter. Capital Analysts LLC increased its stake in shares of 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 during the last quarter. Parallel Advisors LLC increased its stake in shares of 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 during the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of 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 during the last quarter. Finally, First Personal Financial Services increased its stake in shares of 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 during the last quarter. 84.16% of the stock is owned by institutional investors.

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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).

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