Crown Castle International Corp. (NYSE:CCI)’s share price gapped down before the market opened on Monday . The stock had previously closed at $94.43, but opened at $94.75. Crown Castle International Corp. shares last traded at $96.06, with a volume of 2,186,300 shares traded.

CCI has been the subject of several analyst reports. Jefferies Group restated a “buy” rating on shares of Crown Castle International Corp. in a research report on Monday, August 22nd. 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 target price on shares of Crown Castle International Corp. in a research report on Tuesday, May 31st. Zacks Investment Research lowered Crown Castle International Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Citigroup Inc. lowered Crown Castle International Corp. from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $94.00 to $109.00 in a research report on Monday, July 11th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued 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 cap of $32.43 billion and a P/E ratio of 96.74. The stock has a 50 day moving average price of $96.10 and a 200 day moving average price of $91.68.

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, meeting the consensus estimate of $1.16. The company earned $962.40 million during the quarter, compared to analyst estimates of $948.85 million. On average, equities analysts forecast 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. The ex-dividend date is Wednesday, September 14th. This represents a $3.54 annualized dividend and a dividend yield of 3.69%.

A hedge fund recently raised its stake in Crown Castle International Corp. stock. Schwab Charles Investment Management Inc. raised its stake in Crown Castle International Corp. (NYSE:CCI) by 2.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 858,062 shares of the real estate investment trust’s stock after buying an additional 24,291 shares during the period. Schwab Charles Investment Management Inc. owned 0.26% of Crown Castle International Corp. worth $74,180,000 as of its most recent SEC filing.

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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