Traders bought shares of Crown Castle International Corporation (NYSE:CCI) on weakness during trading hours on Friday. $56.97 million flowed into the stock on the tick-up and $42.79 million flowed out of the stock on the tick-down, for a money net flow of $14.18 million into the stock. Of all stocks tracked, Crown Castle International Corporation had the 27th highest net in-flow for the day. Crown Castle International Corporation traded down ($1.43) for the day and closed at $107.01

Several brokerages have issued reports on CCI. Deutsche Bank AG increased their target price on Crown Castle International Corporation from $108.00 to $117.00 and gave the company a “buy” rating in a research report on Friday, June 9th. Barclays PLC dropped their target price on Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, May 22nd. Macquarie reaffirmed a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. Citigroup Inc. increased their target price on Crown Castle International Corporation from $96.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, August 28th. Finally, BidaskClub cut Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Crown Castle International Corporation presently has a consensus rating of “Buy” and a consensus price target of $106.05.

The company has a 50 day moving average price of $102.31 and a 200 day moving average price of $97.79. The stock has a market capitalization of $43.47 billion, a P/E ratio of 85.40 and a beta of 0.18.

Crown Castle International Corporation (NYSE:CCI) last announced its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts forecast that Crown Castle International Corporation will post $1.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given 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 3.55%. Crown Castle International Corporation’s payout ratio is currently 304.00%.

In other news, Director J Landis Martin acquired 30,000 shares of Crown Castle International Corporation stock in a transaction that occurred on Friday, July 28th. The stock was purchased at an average price of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the transaction, the director now directly owns 99,335 shares in the company, valued at $9,997,074.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in CCI. Intl Fcstone Inc. increased its stake in shares of Crown Castle International Corporation by 89.4% in the second quarter. Intl Fcstone Inc. now owns 20,800 shares of the real estate investment trust’s stock worth $2,084,000 after buying an additional 9,816 shares during the last quarter. Brookfield Asset Management Inc. increased its stake in shares of Crown Castle International Corporation by 31.0% in the second quarter. Brookfield Asset Management Inc. now owns 2,074,339 shares of the real estate investment trust’s stock worth $207,807,000 after buying an additional 490,439 shares during the last quarter. Atlantic Trust LLC purchased a new stake in shares of Crown Castle International Corporation during the second quarter worth approximately $1,400,000. Toronto Dominion Bank increased its stake in shares of Crown Castle International Corporation by 27.4% in the second quarter. Toronto Dominion Bank now owns 123,956 shares of the real estate investment trust’s stock worth $12,416,000 after buying an additional 26,663 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in shares of Crown Castle International Corporation during the second quarter worth about $300,000. Hedge funds and other institutional investors own 82.98% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Traders Buy Crown Castle International Corporation (CCI) on Weakness” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://www.dailypolitical.com/2017/09/03/traders-buy-crown-castle-international-corporation-cci-on-weakness.html.

Crown Castle International Corporation Company Profile

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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.