Traders purchased shares of Crown Castle International Corp. (NYSE:CCI) on weakness during trading hours on Wednesday. $44.70 million flowed into the stock on the tick-up and $25.10 million flowed out of the stock on the tick-down, for a money net flow of $19.60 million into the stock. Of all equities tracked, Crown Castle International Corp. had the 18th highest net in-flow for the day. Crown Castle International Corp. traded down ($0.22) for the day and closed at $94.58

A number of brokerages recently weighed in on CCI. Citigroup Inc. cut Crown Castle International Corp. from a “buy” rating to a “neutral” rating and raised their price objective for the company from $94.00 to $109.00 in a report on Monday, July 11th. BTIG Research cut Crown Castle International Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 19th. Barclays PLC decreased their price target on Crown Castle International Corp. from $100.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $103.00 price target on shares of Crown Castle International Corp. in a research note on Friday, July 22nd. Finally, Stifel Nicolaus lifted their price target on Crown Castle International Corp. from $103.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, July 22nd. Four 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. has a consensus rating of “Buy” and a consensus price target of $102.07.

The stock has a market cap of $31.93 billion and a P/E ratio of 95.25. The firm’s 50 day moving average is $98.28 and its 200-day moving average is $90.94.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a dividend of $0.885 per share. This represents a $3.54 dividend on an annualized basis and a yield of 3.74%.

A number of large investors recently modified their holdings of CCI. Schwab Charles Investment Management Inc. increased its stake in shares of Crown Castle International Corp. by 2.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 858,062 shares of the real estate investment trust’s stock worth $74,180,000 after buying an additional 24,291 shares during the period. Bridgewater Associates LP increased its stake in shares of Crown Castle International Corp. by 21.9% in the fourth quarter. Bridgewater Associates LP now owns 22,257 shares of the real estate investment trust’s stock worth $1,924,000 after buying an additional 4,000 shares during the period. American International Group Inc. increased its stake in shares of Crown Castle International Corp. by 3.9% in the fourth quarter. American International Group Inc. now owns 172,536 shares of the real estate investment trust’s stock worth $14,916,000 after buying an additional 6,397 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of Crown Castle International Corp. by 26.0% in the fourth quarter. Westfield Capital Management Co. LP now owns 464,393 shares of the real estate investment trust’s stock worth $40,147,000 after buying an additional 95,710 shares during the period. Finally, Stephens Inc. AR increased its stake in shares of 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 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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