Traders purchased shares of Crown Castle International Corp. (REIT) (NYSE:CCI) on weakness during trading on Friday. $66.10 million flowed into the stock on the tick-up and $36.77 million flowed out of the stock on the tick-down, for a money net flow of $29.33 million into the stock. Of all companies tracked, Crown Castle International had the 29th highest net in-flow for the day. Crown Castle International traded down ($0.12) for the day and closed at $103.57

A number of research analysts recently weighed in on the company. CIBC reissued a “market perform” rating on shares of Crown Castle International in a report on Monday, October 16th. Zacks Investment Research raised Crown Castle International from a “hold” rating to a “strong-buy” rating and set a $120.00 price objective on the stock in a report on Wednesday, September 20th. UBS Group lowered Crown Castle International from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. Wells Fargo & Co upped their price objective on Crown Castle International from $112.50 to $116.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Crown Castle International in a report on Monday, October 16th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $112.17.

The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.13 and a current ratio of 7.13. The firm has a market capitalization of $42,077.90, a price-to-earnings ratio of 21.85, a P/E/G ratio of 1.27 and a beta of 0.23.

Crown Castle International (NYSE:CCI) last issued its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.07). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.07 billion. Crown Castle International had a net margin of 11.35% and a return on equity of 5.93%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 earnings per share. analysts expect that Crown Castle International Corp. will post 4.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $1.05 per share. This is a positive change from Crown Castle International’s previous quarterly dividend of $0.95. This represents a $4.20 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend was Thursday, December 14th. Crown Castle International’s dividend payout ratio is 350.00%.

In other news, VP Philip M. Kelley sold 10,551 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $113.09, for a total transaction of $1,193,212.59. Following the sale, the vice president now directly owns 91,808 shares of the company’s stock, valued at approximately $10,382,566.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trustmark National Bank Trust Department grew its holdings in shares of Crown Castle International by 0.6% during the 2nd quarter. Trustmark National Bank Trust Department now owns 9,885 shares of the real estate investment trust’s stock worth $990,000 after purchasing an additional 63 shares in the last quarter. Gyroscope Capital Management Group LLC grew its holdings in shares of Crown Castle International by 8.7% during the 2nd quarter. Gyroscope Capital Management Group LLC now owns 3,013 shares of the real estate investment trust’s stock worth $302,000 after purchasing an additional 242 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Crown Castle International by 14.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,273 shares of the real estate investment trust’s stock worth $228,000 after purchasing an additional 295 shares in the last quarter. Sigma Planning Corp grew its holdings in shares of Crown Castle International by 10.3% during the 3rd quarter. Sigma Planning Corp now owns 4,994 shares of the real estate investment trust’s stock worth $499,000 after purchasing an additional 467 shares in the last quarter. Finally, Bremer Trust National Association grew its holdings in shares of Crown Castle International by 24.3% during the 3rd quarter. Bremer Trust National Association now owns 2,496 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 488 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

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Crown Castle International 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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