Shares of Crown Castle International Corp. (NYSE:CCI) traded down 0.3% during mid-day trading on Friday . The stock traded as low as $101.15 and last traded at $101.23, with a volume of 927,998 shares trading hands. The stock had previously closed at $101.51.

Several analysts have issued reports on the stock. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Crown Castle International Corp. in a research report on Tuesday, June 7th. Deutsche Bank AG restated a “buy” rating and set a $99.00 price target on shares of Crown Castle International Corp. in a research report on Tuesday, May 31st. Zacks Investment Research lowered shares of Crown Castle International Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 26th. Jefferies Group restated a “buy” rating on shares of Crown Castle International Corp. in a research report on Monday, April 25th. Finally, Cowen and Company restated an “outperform” rating and set a $100.00 price target (up from $94.00) on shares of Crown Castle International Corp. in a research report on Monday, April 25th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $98.62.

The company has a market capitalization of $34.15 billion and a P/E ratio of 24.41. The stock has a 50-day moving average price of $95.18 and a 200-day moving average price of $88.32.

Crown Castle International Corp. (NYSE:CCI) last announced its quarterly earnings results on Thursday, April 21st. The real estate investment trust reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.05. The company earned $934.40 million during the quarter, compared to the consensus estimate of $934.88 million. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.15 earnings per share. On average, analysts anticipate that Crown Castle International Corp. will post $4.72 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Friday, June 17th were paid a $0.885 dividend. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $3.54 dividend on an annualized basis and a dividend yield of 3.46%.

In other Crown Castle International Corp. news, VP Philip M. Kelley sold 46,951 shares of Crown Castle International Corp. stock in a transaction on Wednesday, April 27th. The shares were sold at an average price of $87.69, for a total value of $4,117,133.19. Following the completion of the transaction, the vice president now directly owns 95,010 shares of the company’s stock, valued at approximately $8,331,426.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Several institutional investors have modified their holdings of the company. Twin Capital Management Inc. boosted its position in shares of Crown Castle International Corp. by 0.6% in the fourth quarter. Twin Capital Management Inc. now owns 17,750 shares of the real estate investment trust’s stock worth $1,534,000 after buying an additional 110 shares during the last quarter. Tredje AP fonden boosted its position in shares of Crown Castle International Corp. by 1.2% in the fourth quarter. Tredje AP fonden now owns 21,948 shares of the real estate investment trust’s stock worth $1,917,000 after buying an additional 260 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Crown Castle International Corp. by 1.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,807 shares of the real estate investment trust’s stock worth $1,885,000 after buying an additional 363 shares during the last quarter. Cowen Prime Services LLC boosted its position in shares of Crown Castle International Corp. by 0.9% in the fourth quarter. Cowen Prime Services LLC now owns 45,800 shares of the real estate investment trust’s stock worth $3,959,000 after buying an additional 400 shares during the last quarter. Finally, Comerica Bank boosted its position in shares of Crown Castle International Corp. by 1.0% in the fourth quarter. Comerica Bank now owns 118,227 shares of the real estate investment trust’s stock worth $9,823,000 after buying an additional 1,113 shares during the last quarter.

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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