Crown Castle International Corp. (REIT) (CCI) Receives $101.29 Consensus Price Target from Analysts

Shares of Crown Castle International Corp. (REIT) (NYSE:CCI) have received an average rating of “Buy” from the fifteen ratings firms that are currently covering the firm. Four equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $101.71.

CCI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Crown Castle International Corp. (REIT) from a “hold” rating to a “strong-buy” rating and set a $98.00 price target on the stock in a research note on Friday, January 13th. Royal Bank of Canada restated a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corp. (REIT) in a research note on Tuesday. Guggenheim upgraded Crown Castle International Corp. (REIT) from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $91.00 to $101.00 in a research note on Monday, April 10th. Macquarie restated an “outperform” rating and set a $95.00 price target on shares of Crown Castle International Corp. (REIT) in a research note on Friday, December 23rd. Finally, Wells Fargo & Co upgraded Crown Castle International Corp. (REIT) from a “market perform” rating to an “outperform” rating in a research note on Wednesday, March 8th.

Crown Castle International Corp. (NYSE:CCI) traded down 0.53% during mid-day trading on Tuesday, hitting $95.53. 2,207,034 shares of the stock were exchanged. Crown Castle International Corp. has a 52-week low of $79.38 and a 52-week high of $102.82. The stock has a market cap of $34.44 billion, a price-to-earnings ratio of 100.56 and a beta of 0.27. The stock has a 50 day moving average of $93.16 and a 200-day moving average of $89.16.

Crown Castle International Corp. (REIT) (NYSE:CCI) last issued its quarterly earnings results on Wednesday, January 25th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.76. Crown Castle International Corp. (REIT) had a return on equity of 5.18% and a net margin of 8.82%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $989.36 million. During the same quarter in the previous year, the firm posted $1.11 EPS. Crown Castle International Corp. (REIT)’s revenue was up 9.1% on a year-over-year basis. Equities analysts predict that Crown Castle International Corp. will post $1.16 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 17th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Wednesday, March 15th. Crown Castle International Corp. (REIT)’s dividend payout ratio (DPR) is 404.26%.

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In related news, Director Robert E. Garrison II sold 2,413 shares of Crown Castle International Corp. (REIT) stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $90.66, for a total transaction of $218,762.58. Following the completion of the sale, the director now owns 24,100 shares of the company’s stock, valued at $2,184,906. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.73% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Capital World Investors increased its stake in Crown Castle International Corp. (REIT) by 4.6% in the third quarter. Capital World Investors now owns 17,741,230 shares of the real estate investment trust’s stock worth $1,671,401,000 after buying an additional 774,000 shares during the period. State Street Corp increased its stake in Crown Castle International Corp. (REIT) by 3.0% in the fourth quarter. State Street Corp now owns 14,619,261 shares of the real estate investment trust’s stock worth $1,268,511,000 after buying an additional 426,252 shares during the period. Federated Investors Inc. PA increased its stake in Crown Castle International Corp. (REIT) by 54.4% in the fourth quarter. Federated Investors Inc. PA now owns 8,736,412 shares of the real estate investment trust’s stock worth $758,059,000 after buying an additional 3,078,924 shares during the period. Capital International Investors increased its position in shares of Crown Castle International Corp. (REIT) by 6.9% in the third quarter. Capital International Investors now owns 6,852,300 shares of the real estate investment trust’s stock worth $645,555,000 after buying an additional 442,100 shares during the last quarter. Finally, Janus Capital Management LLC increased its position in shares of Crown Castle International Corp. (REIT) by 1.3% in the fourth quarter. Janus Capital Management LLC now owns 6,222,073 shares of the real estate investment trust’s stock worth $539,902,000 after buying an additional 79,898 shares during the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

About Crown Castle International Corp. (REIT)

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).

5 Day Chart for NYSE:CCI

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