Crown Castle International Corporation (NYSE:CCI) – Equities research analysts at Oppenheimer Holdings reduced their Q3 2017 earnings per share estimates for shares of Crown Castle International Corporation in a research report issued on Friday. Oppenheimer Holdings analyst T. Horan now anticipates that the real estate investment trust will post earnings per share of $1.10 for the quarter, down from their prior estimate of $1.21.

Crown Castle International Corporation (NYSE:CCI) last posted its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, topping 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 company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $1.05 earnings per share. Crown Castle International Corporation’s quarterly revenue was up 7.9% compared to the same quarter last year.

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CCI has been the subject of several other reports. Deutsche Bank AG lifted their price objective 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. Macquarie reaffirmed a “buy” rating and set a $107.00 price objective on shares of Crown Castle International Corporation in a research note on Wednesday, July 19th. Citigroup Inc. lifted their price objective on shares of Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, August 28th. Bank of America Corporation lifted their price objective on shares of Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. Finally, BidaskClub lowered shares of Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Four 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 company. The company presently has a consensus rating of “Buy” and a consensus target price of $107.50.

Crown Castle International Corporation (CCI) opened at 100.60 on Monday. The firm has a market capitalization of $40.87 billion, a PE ratio of 80.29 and a beta of 0.18. The stock 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 12-month low of $79.38 and a 12-month high of $108.88.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio is currently 304.00%.

In related news, Director J Landis Martin bought 30,000 shares of the stock in a transaction dated Friday, July 28th. The stock was purchased at an average cost of $100.64 per share, with a total value of $3,019,200.00. Following the completion of 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 legal filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Guardian Life Insurance Co. of America boosted its stake in shares of Crown Castle International Corporation by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 10 shares during the period. Fiduciary Trust Co. boosted its stake in shares of Crown Castle International Corporation by 0.7% during the second quarter. Fiduciary Trust Co. now owns 3,203 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 21 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in shares of Crown Castle International Corporation by 0.7% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 7,625 shares of the real estate investment trust’s stock valued at $764,000 after purchasing an additional 50 shares during the period. Capital Analysts LLC boosted its stake in shares of Crown Castle International Corporation by 5.0% during the second quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 53 shares during the period. Finally, FineMark National Bank & Trust boosted its stake in shares of Crown Castle International Corporation by 1.2% during the second quarter. FineMark National Bank & Trust now owns 5,032 shares of the real estate investment trust’s stock valued at $504,000 after purchasing an additional 60 shares during the period. 82.90% of the stock is owned by hedge funds and other institutional investors.

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).

Earnings History and Estimates for Crown Castle International Corporation (NYSE:CCI)

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