Cowen and Company restated their outperform rating on shares of Crown Castle International Corporation (NYSE:CCI) in a research report released on Saturday. They currently have a $112.00 price target on the real estate investment trust’s stock, up from their previous price target of $105.00.

A number of other equities research analysts have also weighed in on CCI. Zacks Investment Research upgraded shares of Crown Castle International Corporation from a hold rating to a strong-buy rating and set a $120.00 price objective on the stock in a report on Wednesday. BidaskClub upgraded shares of Crown Castle International Corporation from a hold rating to a buy rating in a report on Monday, August 14th. Raymond James Financial, Inc. restated a market perform rating on shares of Crown Castle International Corporation in a report on Monday, June 12th. Jefferies Group LLC restated a buy rating and issued a $110.00 price objective on shares of Crown Castle International Corporation in a report on Monday, July 10th. Finally, Citigroup Inc. reduced their price objective on shares of Crown Castle International Corporation from $100.00 to $96.00 and set a neutral rating on the stock in a report on Friday, July 21st. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $107.50.

Shares of Crown Castle International Corporation (NYSE CCI) traded down 0.98% during trading on Friday, reaching $100.60. 2,720,047 shares of the company were exchanged. The stock has a market capitalization of $40.87 billion, a P/E ratio of 80.29 and a beta of 0.18. The firm has a 50-day moving average price of $104.44 and a 200-day moving average price of $99.02. Crown Castle International Corporation has a 1-year low of $79.38 and a 1-year high of $108.88.

Crown Castle International Corporation (NYSE:CCI) last released its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.05 EPS. Equities research analysts predict that Crown Castle International Corporation will post $1.16 earnings per share for the current fiscal year.

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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 dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.80 annualized dividend and a yield of 3.78%. 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 business’s stock in a transaction that occurred on Friday, July 28th. The shares were purchased at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the purchase, the director now directly owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. Winslow Evans & Crocker Inc. raised its stake in Crown Castle International Corporation by 36.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 278 shares in the last quarter. Capital Analysts LLC raised its stake in Crown Castle International Corporation by 5.0% during the 2nd quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 53 shares in the last quarter. Parallel Advisors LLC raised its stake in Crown Castle International Corporation by 261.5% during the 1st quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 923 shares in the last quarter. Guardian Life Insurance Co. of America raised its stake in Crown Castle International Corporation by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 10 shares in the last quarter. Finally, Solaris Asset Management LLC raised its stake in Crown Castle International Corporation by 5.1% during the 2nd quarter. Solaris Asset Management LLC now owns 1,855 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 82.90% of the company’s stock.

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).

Analyst Recommendations for Crown Castle International Corporation (NYSE:CCI)

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