Investors bought shares of Crown Castle International Corp. (NYSE:CCI) on weakness during trading hours on Tuesday. $51.48 million flowed into the stock on the tick-up and $29.33 million flowed out of the stock on the tick-down, for a money net flow of $22.15 million into the stock. Of all equities tracked, Crown Castle International Corp. had the 15th highest net in-flow for the day. Crown Castle International Corp. traded down ($0.08) for the day and closed at $95.82

A number of brokerages have issued reports on CCI. Stifel Nicolaus increased their target price on shares of Crown Castle International Corp. from $103.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 22nd. Royal Bank Of Canada increased their target price on shares of Crown Castle International Corp. from $100.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, April 25th. Zacks Investment Research cut shares of Crown Castle International Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Jefferies Group reissued a “buy” rating on shares of Crown Castle International Corp. in a research note on Saturday. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Crown Castle International Corp. in a research note on Tuesday, June 7th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Crown Castle International Corp. currently has an average rating of “Buy” and a consensus target price of $102.07.

The firm’s 50-day moving average price is $98.41 and its 200 day moving average price is $90.48. The company has a market cap of $32.34 billion and a P/E ratio of 96.50.

Crown Castle International Corp. (NYSE:CCI) last issued its quarterly earnings results on Thursday, July 21st. The real estate investment trust reported $1.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.16. The company earned $962.40 million during the quarter, compared to analyst estimates of $948.85 million. Equities research analysts expect that Crown Castle International Corp. will post $4.68 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a $0.885 dividend. This represents a $3.54 dividend on an annualized basis and a dividend yield of 3.69%.

Several hedge funds have added to or reduced their stakes in CCI. Aberdeen Asset Management PLC UK increased its stake in 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 last quarter. Stephens Inc. AR increased its stake in Crown Castle International Corp. by 47.8% in the fourth quarter. Stephens Inc. AR now owns 42,110 shares of the real estate investment trust’s stock worth $3,640,000 after buying an additional 13,617 shares during the last quarter. UBS Oconnor LLC acquired a new stake in Crown Castle International Corp. during the fourth quarter worth approximately $1,081,000. US Bancorp DE increased its stake in Crown Castle International Corp. by 23.1% in the fourth quarter. US Bancorp DE now owns 72,448 shares of the real estate investment trust’s stock worth $6,263,000 after buying an additional 13,607 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in Crown Castle International Corp. by 6.5% in the fourth quarter. Jennison Associates LLC now owns 3,787,403 shares of the real estate investment trust’s stock worth $327,421,000 after buying an additional 231,012 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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