Traders bought shares of Crown Castle International Corp. (REIT) (NYSE:CCI) on weakness during trading hours on Thursday. $133.63 million flowed into the stock on the tick-up and $87.45 million flowed out of the stock on the tick-down, for a money net flow of $46.18 million into the stock. Of all companies tracked, Crown Castle International had the 5th highest net in-flow for the day. Crown Castle International traded down ($1.23) for the day and closed at $103.69
Several research analysts have commented on CCI shares. Barclays lifted their price target on Crown Castle International from $101.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. Zacks Investment Research raised Crown Castle International from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Wells Fargo & Co lifted their price target on Crown Castle International from $112.50 to $116.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. Macquarie reaffirmed a “buy” rating and set a $119.00 price target on shares of Crown Castle International in a research report on Sunday, October 22nd. Finally, Deutsche Bank lifted their price target on Crown Castle International from $117.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $112.17.
The company has a market cap of $42,630.00, a P/E ratio of 86.41, a price-to-earnings-growth ratio of 1.33 and a beta of 0.23. The company has a current ratio of 7.13, a quick ratio of 7.13 and a debt-to-equity ratio of 1.19.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a $1.05 dividend. This is an increase from Crown Castle International’s previous quarterly dividend of $0.95. This represents a $4.20 annualized dividend and a dividend yield of 4.05%. The ex-dividend date was Thursday, December 14th. Crown Castle International’s dividend payout ratio (DPR) is 350.00%.
In other Crown Castle International news, VP Philip M. Kelley sold 10,551 shares of Crown Castle International stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $113.09, for a total value of $1,193,212.59. Following the transaction, the vice president now directly owns 91,808 shares in the company, valued at approximately $10,382,566.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.41% of the company’s stock.
Several hedge funds have recently made changes to their positions in CCI. Janus Henderson Group PLC boosted its stake in shares of Crown Castle International by 2,414.4% in the second 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 buying an additional 5,333,700 shares in the last quarter. Capital World Investors boosted its stake in shares of Crown Castle International by 12.6% in the second 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 buying an additional 2,584,490 shares in the last quarter. PointState Capital LP purchased a new stake in shares of Crown Castle International in the second quarter valued at approximately $188,265,000. Daiwa Securities Group Inc. boosted its stake in shares of Crown Castle International by 43.4% in the third quarter. Daiwa Securities Group Inc. now owns 5,357,951 shares of the real estate investment trust’s stock valued at $535,687,000 after buying an additional 1,620,886 shares in the last quarter. Finally, Magellan Asset Management Ltd purchased a new stake in shares of Crown Castle International in the second quarter valued at approximately $147,075,000. Institutional investors own 94.82% of the company’s stock.
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Crown Castle International 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).
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