Traders Buy Shares of Crown Castle International (CCI) on Weakness

Traders bought shares of Crown Castle International Corp. (NYSE:CCI) on weakness during trading on Tuesday. $144.29 million flowed into the stock on the tick-up and $26.08 million flowed out of the stock on the tick-down, for a money net flow of $118.21 million into the stock. Of all stocks tracked, Crown Castle International had the 6th highest net in-flow for the day. Crown Castle International traded down ($0.38) for the day and closed at $101.72

A number of equities analysts have commented on the company. Zacks Investment Research cut Crown Castle International from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Goldman Sachs cut Crown Castle International from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, March 13th. Guggenheim reissued a “buy” rating and set a $115.00 target price on shares of Crown Castle International in a report on Friday, January 26th. ValuEngine raised Crown Castle International from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Deutsche Bank reissued a “buy” rating and set a $120.00 target price on shares of Crown Castle International in a report on Monday, January 22nd. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $114.75.

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The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.22. The firm has a market cap of $42.41 billion, a P/E ratio of 20.97, a P/E/G ratio of 1.25 and a beta of 0.29.

Crown Castle International (NYSE:CCI) last posted its quarterly earnings results on Wednesday, April 18th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.98). Crown Castle International had a net margin of 8.87% and a return on equity of 4.06%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $1.11 EPS. Crown Castle International’s revenue for the quarter was up 27.9% compared to the same quarter last year. research analysts predict that Crown Castle International Corp. will post 5.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $4.20 annualized dividend and a dividend yield of 4.13%. Crown Castle International’s dividend payout ratio is presently 86.60%.

In other Crown Castle International news, SVP Kenneth Jay Simon sold 693 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $108.79, for a total transaction of $75,391.47. Following the completion of the sale, the senior vice president now owns 14,869 shares of the company’s stock, valued at $1,617,598.51. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jay A. Brown sold 18,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $108.43, for a total value of $1,951,740.00. Following the sale, the insider now directly owns 162,526 shares of the company’s stock, valued at approximately $17,622,694.18. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Avestar Capital LLC acquired a new stake in Crown Castle International during the fourth quarter worth $112,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in Crown Castle International during the fourth quarter worth $124,000. Icon Wealth Partners LLC acquired a new stake in Crown Castle International during the fourth quarter worth $126,000. Benjamin F. Edwards & Company Inc. increased its stake in Crown Castle International by 1,463.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,157 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 1,083 shares during the last quarter. Finally, Signaturefd LLC purchased a new position in shares of Crown Castle International during the first quarter worth $134,000. 94.60% of the stock is owned by institutional investors.

Crown Castle International Company Profile

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.