Shares of Crown Castle International Corporation (NYSE:CCI) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $105.62 and last traded at $105.60, with a volume of 1,161,478 shares. The stock had previously closed at $104.83.

Several analysts have issued reports on the stock. BidaskClub upgraded shares of Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday, June 12th. Citigroup Inc. cut shares of Crown Castle International Corporation to a “market perform” rating in a research note on Monday, June 12th. Deutsche Bank AG increased their target price on shares of Crown Castle International Corporation from $108.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, June 9th. Finally, Zacks Investment Research cut shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Crown Castle International Corporation currently has an average rating of “Buy” and a consensus target price of $104.95.

The company has a market cap of $43.10 billion, a PE ratio of 84.68 and a beta of 0.20. The firm’s 50 day moving average is $100.75 and its 200-day moving average is $96.89.

Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company earned $1.05 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Crown Castle International Corporation will post $1.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.58%. Crown Castle International Corporation’s dividend payout ratio is currently 304.00%.

In related news, Director J Landis Martin purchased 30,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were purchased at an average price of $100.64 per share, with a total value of $3,019,200.00. Following the purchase, the director now owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. BB&T Corp boosted its stake in shares of Crown Castle International Corporation by 188.2% in the first quarter. BB&T Corp now owns 89,579 shares of the real estate investment trust’s stock valued at $8,462,000 after buying an additional 58,501 shares during the period. Congress Asset Management Co. MA boosted its stake in shares of Crown Castle International Corporation by 10.9% in the first quarter. Congress Asset Management Co. MA now owns 451,884 shares of the real estate investment trust’s stock valued at $42,680,000 after buying an additional 44,430 shares during the period. Prudential Financial Inc. boosted its stake in shares of Crown Castle International Corporation by 2.2% in the first quarter. Prudential Financial Inc. now owns 911,885 shares of the real estate investment trust’s stock valued at $86,128,000 after buying an additional 19,673 shares during the period. Norinchukin Bank The boosted its stake in shares of Crown Castle International Corporation by 7.1% in the first quarter. Norinchukin Bank The now owns 23,429 shares of the real estate investment trust’s stock valued at $2,213,000 after buying an additional 1,553 shares during the period. Finally, Wetherby Asset Management Inc. boosted its stake in shares of Crown Castle International Corporation by 3.3% in the first quarter. Wetherby Asset Management Inc. now owns 3,942 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 127 shares during the period. 84.16% of the stock is currently owned by institutional investors.

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About Crown Castle International Corporation

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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