Investors sold shares of Crown Castle International Corp. (REIT) (NYSE:CCI) on strength during trading hours on Thursday. $67.48 million flowed into the stock on the tick-up and $87.99 million flowed out of the stock on the tick-down, for a money net flow of $20.51 million out of the stock. Of all stocks tracked, Crown Castle International had the 15th highest net out-flow for the day. Crown Castle International traded up $1.36 for the day and closed at $108.95

A number of brokerages recently issued reports on CCI. Zacks Investment Research upgraded shares of Crown Castle International from a “sell” rating to a “hold” rating in a research report on Monday, January 29th. Deutsche Bank reiterated a “buy” rating and issued a $120.00 target price on shares of Crown Castle International in a research report on Monday, January 22nd. Guggenheim reiterated a “buy” rating and issued a $115.00 target price on shares of Crown Castle International in a research report on Friday, January 26th. KeyCorp upped their price target on shares of Crown Castle International from $106.00 to $114.00 in a report on Monday, November 27th. Finally, Goldman Sachs downgraded shares of Crown Castle International from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, March 13th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $113.33.

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The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $44,299.99, a price-to-earnings ratio of 106.81, a price-to-earnings-growth ratio of 1.34 and a beta of 0.28.

Crown Castle International (NYSE:CCI) last posted its quarterly earnings data on Wednesday, January 24th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.84). Crown Castle International had a net margin of 10.21% and a return on equity of 4.95%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the company posted $1.10 earnings per share. Crown Castle International’s quarterly revenue was up 20.0% compared to the same quarter last year. research analysts anticipate that Crown Castle International Corp. will post 5.26 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, March 15th. Crown Castle International’s dividend payout ratio is presently 411.77%.

In other Crown Castle International news, SVP Kenneth Jay Simon sold 693 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $108.79, for a total transaction of $75,391.47. Following the completion of the sale, the senior vice president now directly owns 14,869 shares of the company’s stock, valued at $1,617,598.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jay A. Brown sold 18,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $108.43, for a total transaction of $1,951,740.00. Following the sale, the insider now directly owns 162,526 shares of the company’s stock, valued at $17,622,694.18. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Financial Counselors Inc. lifted its stake in Crown Castle International by 4.8% during the fourth quarter. Financial Counselors Inc. now owns 80,326 shares of the real estate investment trust’s stock valued at $8,917,000 after buying an additional 3,697 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its stake in Crown Castle International by 4.4% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 28,797 shares of the real estate investment trust’s stock valued at $3,197,000 after buying an additional 1,206 shares in the last quarter. Piedmont Investment Advisors LLC lifted its stake in Crown Castle International by 11.0% during the third quarter. Piedmont Investment Advisors LLC now owns 86,718 shares of the real estate investment trust’s stock valued at $8,670,000 after buying an additional 8,597 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Crown Castle International by 33.3% in the 3rd quarter. Private Advisor Group LLC now owns 15,539 shares of the real estate investment trust’s stock valued at $1,580,000 after purchasing an additional 3,880 shares during the period. Finally, Virtus Fund Advisers LLC increased its holdings in shares of Crown Castle International by 116.0% in the 4th quarter. Virtus Fund Advisers LLC now owns 590,283 shares of the real estate investment trust’s stock valued at $65,527,000 after purchasing an additional 316,952 shares during the period. 93.56% of the stock is 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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