Traders bought shares of Crown Castle International Corporation (NYSE:CCI) on weakness during trading on Monday. $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 weighed in on CCI. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $107.00 price objective on shares of Crown Castle International Corporation in a report on Tuesday, August 29th. Citigroup Inc lifted their price objective on Crown Castle International Corporation from $96.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, August 28th. BidaskClub raised Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research cut Crown Castle International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Macquarie reaffirmed a “buy” rating and issued a $107.00 price objective on shares of Crown Castle International Corporation in a report on Wednesday, July 19th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Crown Castle International Corporation currently has an average rating of “Buy” and a consensus target price of $106.05.

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

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 for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business posted $1.05 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts expect that Crown Castle International Corporation will post $1.15 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.95 per share. 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 304.00%.

In related news, Director J Landis Martin acquired 30,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were purchased at an average price of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the acquisition, the director now owns 99,335 shares in the company, valued at $9,997,074.40. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.41% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCI. BlackRock Inc. increased its holdings in Crown Castle International Corporation by 2,213.6% during the 1st quarter. BlackRock Inc. now owns 23,279,013 shares of the real estate investment trust’s stock valued at $2,198,702,000 after purchasing an additional 22,272,827 shares during the period. Jennison Associates LLC increased its holdings in Crown Castle International Corporation by 762.8% during the 2nd quarter. Jennison Associates LLC now owns 7,806,109 shares of the real estate investment trust’s stock valued at $782,016,000 after purchasing an additional 6,901,353 shares during the period. Janus Henderson Group PLC increased its holdings in Crown Castle International Corporation by 2,414.4% during the 2nd quarter. Janus Henderson Group PLC now owns 5,554,608 shares of the real estate investment trust’s stock valued at $556,464,000 after purchasing an additional 5,333,700 shares during the period. Capital World Investors increased its holdings in Crown Castle International Corporation by 12.6% during the 2nd quarter. Capital World Investors now owns 23,132,825 shares of the real estate investment trust’s stock valued at $2,317,446,000 after purchasing an additional 2,584,490 shares during the period. Finally, PointState Capital LP purchased a new position in Crown Castle International Corporation during the 2nd quarter valued at about $188,265,000. Hedge funds and other institutional investors own 82.98% of the company’s stock.

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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).