Crown Castle International Corp. (NYSE:CCI – Get Rating) EVP Michael Joseph Kavanagh sold 5,000 shares of the stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $191.02, for a total transaction of $955,100.00. Following the completion of the sale, the executive vice president now directly owns 73,670 shares in the company, valued at approximately $14,072,443.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Crown Castle International stock opened at $180.82 on Tuesday. The firm’s 50 day simple moving average is $182.37 and its 200-day simple moving average is $183.87. The company has a market cap of $78.30 billion, a P/E ratio of 53.82 and a beta of 0.56. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.71 and a quick ratio of 0.62. Crown Castle International Corp. has a fifty-two week low of $157.16 and a fifty-two week high of $209.87.
Crown Castle International (NYSE:CCI – Get Rating) last released its earnings results on Wednesday, April 20th. The real estate investment trust reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.03. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. Crown Castle International had a net margin of 22.12% and a return on equity of 17.40%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the firm posted $1.71 earnings per share. On average, analysts expect that Crown Castle International Corp. will post 7.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 15th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Monday, March 14th. Crown Castle International’s dividend payout ratio (DPR) is currently 175.00%.
Several institutional investors have recently added to or reduced their stakes in CCI. Rational Advisors LLC grew its position in Crown Castle International by 139.6% during the fourth quarter. Rational Advisors LLC now owns 127 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 74 shares in the last quarter. Missouri Trust & Investment Co purchased a new position in Crown Castle International during the fourth quarter valued at approximately $28,000. IAG Wealth Partners LLC grew its position in Crown Castle International by 277.8% during the fourth quarter. IAG Wealth Partners LLC now owns 136 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 100 shares in the last quarter. HHM Wealth Advisors LLC purchased a new position in Crown Castle International during the first quarter valued at approximately $28,000. Finally, Ten Capital Wealth Advisors LLC grew its position in Crown Castle International by 1,007.1% during the third quarter. Ten Capital Wealth Advisors LLC now owns 155 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 141 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have commented on CCI shares. Barclays dropped their price target on shares of Crown Castle International from €222.00 ($233.68) to €214.00 ($225.26) in a research report on Friday, March 18th. StockNews.com started coverage on shares of Crown Castle International in a research report on Thursday, March 31st. They set a “buy” rating on the stock. KeyCorp boosted their price target on shares of Crown Castle International from $202.00 to $219.00 and gave the stock an “overweight” rating in a research report on Friday, April 22nd. Bank of America boosted their price target on shares of Crown Castle International from $200.00 to $224.00 and gave the stock a “buy” rating in a research report on Monday, January 3rd. Finally, Raymond James boosted their price target on shares of Crown Castle International from $184.00 to $206.00 and gave the stock an “outperform” rating in a research report on Friday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $205.62.
About Crown Castle International (Get Rating)
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 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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