ValuEngine downgraded shares of CROWN CASTLE In/SH SH (NYSE:CCI) from a buy rating to a hold rating in a report published on Tuesday morning.

A number of other research analysts have also recently issued reports on CCI. Guggenheim reiterated a buy rating and set a $120.00 price objective on shares of CROWN CASTLE In/SH SH in a report on Friday, July 20th. Cowen reiterated a buy rating and set a $121.00 price objective on shares of CROWN CASTLE In/SH SH in a report on Friday, July 20th. Zacks Investment Research upgraded shares of CROWN CASTLE In/SH SH from a hold rating to a buy rating and set a $124.00 price objective for the company in a report on Thursday, July 19th. UBS Group set a $120.00 price objective on shares of CROWN CASTLE In/SH SH and gave the company a buy rating in a report on Friday, September 28th. Finally, TheStreet cut shares of CROWN CASTLE In/SH SH from a b rating to a c+ rating in a report on Wednesday, October 17th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. CROWN CASTLE In/SH SH currently has a consensus rating of Buy and an average target price of $117.67.

CCI opened at $110.87 on Tuesday. CROWN CASTLE In/SH SH has a 1-year low of $98.85 and a 1-year high of $114.81. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $46.35 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 1.37 and a beta of 0.35.

CROWN CASTLE In/SH SH (NYSE:CCI) last posted its quarterly earnings results on Wednesday, October 17th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.06. CROWN CASTLE In/SH SH had a net margin of 10.07% and a return on equity of 4.22%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. The business’s revenue was up 29.4% compared to the same quarter last year. On average, equities analysts predict that CROWN CASTLE In/SH SH will post 5.25 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be issued a dividend of $1.125 per share. This is a boost from CROWN CASTLE In/SH SH’s previous quarterly dividend of $1.05. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Thursday, December 13th. CROWN CASTLE In/SH SH’s dividend payout ratio (DPR) is currently 86.60%.

In other news, Director Langenfeld Cynthia K. Christy purchased 900 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The shares were acquired at an average cost of $106.19 per share, for a total transaction of $95,571.00. Following the completion of the acquisition, the director now owns 25,424 shares in the company, valued at $2,699,774.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert E. Garrison II sold 2,451 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $113.96, for a total transaction of $279,315.96. Following the transaction, the director now owns 23,100 shares in the company, valued at $2,632,476. The disclosure for this sale can be found here. 0.36% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Hilton Capital Management LLC boosted its holdings in CROWN CASTLE In/SH SH by 2.2% during the third quarter. Hilton Capital Management LLC now owns 188,659 shares of the real estate investment trust’s stock worth $21,003,000 after purchasing an additional 4,128 shares during the last quarter. CIBC World Markets Inc. boosted its holdings in CROWN CASTLE In/SH SH by 324.7% during the third quarter. CIBC World Markets Inc. now owns 11,106 shares of the real estate investment trust’s stock worth $1,236,000 after purchasing an additional 8,491 shares during the last quarter. Gratus Capital LLC boosted its holdings in CROWN CASTLE In/SH SH by 4.8% during the third quarter. Gratus Capital LLC now owns 55,552 shares of the real estate investment trust’s stock worth $6,185,000 after purchasing an additional 2,546 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in CROWN CASTLE In/SH SH by 25.2% during the third quarter. Rafferty Asset Management LLC now owns 136,058 shares of the real estate investment trust’s stock worth $15,147,000 after purchasing an additional 27,411 shares during the last quarter. Finally, American International Group Inc. boosted its holdings in CROWN CASTLE In/SH SH by 4.9% during the third quarter. American International Group Inc. now owns 189,319 shares of the real estate investment trust’s stock worth $21,077,000 after purchasing an additional 8,903 shares during the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

About CROWN CASTLE In/SH SH

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service bringing information, ideas and innovations to the people and businesses that need them.

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Analyst Recommendations for CROWN CASTLE In/SH SH (NYSE:CCI)

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