Shares of Crown Castle International Corp. (REIT) (NYSE:CCI) have been given a consensus rating of “Buy” by the seventeen brokerages that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $112.73.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Crown Castle International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Deutsche Bank lifted their price objective on shares of Crown Castle International from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 17th. KeyCorp lifted their target price on Crown Castle International from $106.00 to $114.00 in a report on Monday, November 27th. Finally, Guggenheim reaffirmed a “buy” rating and set a $115.00 target price on shares of Crown Castle International in a report on Friday, January 26th.
Shares of Crown Castle International (CCI) traded down $1.78 during midday trading on Wednesday, hitting $106.79. 2,443,737 shares of the company were exchanged, compared to its average volume of 2,980,000. Crown Castle International has a fifty-two week low of $88.71 and a fifty-two week high of $114.97. The company has a current ratio of 0.88, a quick ratio of 7.13 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $44,110.00, a PE ratio of 105.73, a P/E/G ratio of 1.34 and a beta of 0.26.
Crown Castle International (NYSE:CCI) last issued its quarterly earnings data on Wednesday, January 24th. The real estate investment trust reported $0.17 earnings per share 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 company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $1.10 earnings per share. Crown Castle International’s revenue for the quarter was up 20.0% compared to the same quarter last year. analysts expect that Crown Castle International will post 5.26 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.93%. Crown Castle International’s payout ratio is currently 415.84%.
Large investors have recently added to or reduced their stakes in the stock. Legacy Advisors LLC purchased a new position in Crown Castle International in the 3rd quarter worth about $100,000. Avestar Capital LLC purchased a new position in Crown Castle International in the 4th quarter worth about $112,000. Spectrum Management Group Inc. purchased a new position in Crown Castle International in the 3rd quarter worth about $124,000. Pinnacle Wealth Planning Services Inc. purchased a new position in Crown Castle International in the 4th quarter worth about $124,000. Finally, Icon Wealth Partners LLC purchased a new position in Crown Castle International in the 4th quarter worth about $126,000. 95.04% of the stock is currently owned by hedge funds and other 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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