Traders purchased shares of Crown Castle International Corp. (NYSE:CCI) on weakness during trading hours on Wednesday. $47.72 million flowed into the stock on the tick-up and $19.71 million flowed out of the stock on the tick-down, for a money net flow of $28.01 million into the stock. Of all companies tracked, Crown Castle International Corp. had the 29th highest net in-flow for the day. Crown Castle International Corp. traded down ($0.75) for the day and closed at $96.11

Several research firms have commented on CCI. BTIG Research lowered Crown Castle International Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 19th. Zacks Investment Research upgraded Crown Castle International Corp. from a “hold” rating to a “strong-buy” rating and set a $112.00 price objective for the company in a research note on Tuesday, July 26th. Stifel Nicolaus upped their price target on Crown Castle International Corp. from $103.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, July 22nd. Barclays PLC dropped their price target on Crown Castle International Corp. from $100.00 to $91.00 and set an “equal weight” rating for the company in a research report on Thursday, July 21st. Finally, Jefferies Group restated a “buy” rating on shares of Crown Castle International Corp. in a research report on Monday, April 25th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $102.07.

The stock has a market cap of $32.44 billion and a P/E ratio of 96.79. The company has a 50-day moving average price of $98.20 and a 200-day moving average price of $89.99.

Crown Castle International Corp. (NYSE:CCI) last posted its quarterly earnings results on Thursday, July 21st. The real estate investment trust reported $1.16 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.16. The company had revenue of $962.40 million for the quarter, compared to analyst estimates of $948.85 million. On average, equities analysts predict that Crown Castle International Corp. will post $4.68 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a dividend of $0.885 per share. This represents a $3.54 dividend on an annualized basis and a dividend yield of 3.68%.

Several hedge funds and institutional investors have modified their holdings of the company. Eagle Asset Management boosted its position in shares of Crown Castle International Corp. by 129.0% in the third quarter. Eagle Asset Management now owns 484,146 shares of the real estate investment trust’s stock worth $38,184,000 after buying an additional 272,760 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Crown Castle International Corp. by 18.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 14,628 shares of the real estate investment trust’s stock worth $1,265,000 after buying an additional 2,280 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Crown Castle International Corp. during the fourth quarter worth $1,141,000. Aberdeen Asset Management PLC UK boosted its position in shares of Crown Castle International Corp. by 17.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 86,825 shares of the real estate investment trust’s stock worth $7,535,000 after buying an additional 13,029 shares during the period. Finally, Atlantic Trust Group LLC boosted its position in shares of Crown Castle International Corp. by 5.9% in the fourth quarter. Atlantic Trust Group LLC now owns 45,956 shares of the real estate investment trust’s stock worth $3,973,000 after buying an additional 2,567 shares during the period.

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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