Traders sold shares of Crown Castle International Corp (NYSE:CCI) on strength during trading on Wednesday. $34.08 million flowed into the stock on the tick-up and $50.50 million flowed out of the stock on the tick-down, for a money net flow of $16.42 million out of the stock. Of all stocks tracked, Crown Castle International Corp had the 19th highest net out-flow for the day. Crown Castle International Corp traded up $1.06 for the day and closed at $94.77

A number of analysts have recently weighed in on the company. Jefferies Group reiterated a “buy” rating on shares of Crown Castle International Corp in a research report on Saturday, August 6th. BTIG Research downgraded Crown Castle International Corp from a “buy” rating to a “neutral” rating in a research report 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 report on Tuesday, July 26th. Stifel Nicolaus upped their price objective on Crown Castle International Corp from $103.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, July 22nd. Finally, Barclays PLC dropped their price objective 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. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $102.07.

The company has a market capitalization of $31.99 billion and a P/E ratio of 95.44. The firm’s 50 day moving average is $97.33 and its 200 day moving average is $91.23.

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

The business also recently announced 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 3.74%.

Several large investors recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. raised its stake in 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. American International Group Inc. raised its stake in 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 raised its stake in 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. Stephens Inc. AR raised 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 period. Finally, Suntrust Banks Inc. raised its stake in Crown Castle International Corp by 111.4% in the fourth quarter. Suntrust Banks Inc. now owns 14,260 shares of the real estate investment trust’s stock worth $1,231,000 after buying an additional 7,514 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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