News articles about Crown Castle International (NYSE:CCI) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Crown Castle International earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.3288661151303 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Cell Tower REITs Shrug Off SpaceX Launch (seekingalpha.com)
- Crown Castle International Corp. (REIT), (NYSE: CCI) – Eye-Catching Hot Stocks – Stock Watch (stocksnewstimes.com)
- Brokerages Expect Crown Castle International Corp. (REIT) (CCI) Will Post Quarterly Sales of $1.31 Billion (americanbankingnews.com)
- Crown Castle International Corp. (REIT) (CCI) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Brokerages Anticipate Crown Castle International Corp. (REIT) (CCI) Will Announce Earnings of $1.34 Per Share (americanbankingnews.com)
Several research firms recently issued reports on CCI. KeyCorp lifted their price target on shares of Crown Castle International from $106.00 to $114.00 in a research note on Monday, November 27th. Goldman Sachs Group downgraded shares of Crown Castle International from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday. Deutsche Bank lifted their price target on shares of Crown Castle International from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Zacks Investment Research raised shares of Crown Castle International from a “sell” rating to a “hold” rating in a research note on Monday, January 29th. Finally, Guggenheim reaffirmed a “buy” rating and set a $115.00 price target on shares of Crown Castle International in a research note on Friday, January 26th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Crown Castle International presently has an average rating of “Buy” and a consensus price target of $113.33.
Crown Castle International (NYSE:CCI) last released its earnings results on Wednesday, January 24th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.84). The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.14 billion. Crown Castle International had a return on equity of 4.95% and a net margin of 10.21%. Crown Castle International’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 EPS. sell-side analysts expect that Crown Castle International will post 5.26 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Thursday, March 15th. Crown Castle International’s payout ratio is currently 415.84%.
In other news, SVP Kenneth Jay Simon sold 693 shares of Crown Castle International stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $108.79, for a total value of $75,391.47. Following the completion of the transaction, the senior vice president now directly owns 14,869 shares of the company’s stock, valued at approximately $1,617,598.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jay A. Brown sold 18,000 shares of Crown Castle International 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 completion of the transaction, 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 insiders.
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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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