Research Analysts’ Recent Ratings Changes for CROWN CASTLE In/SH SH (CCI)

A number of research firms have changed their ratings and price targets for CROWN CASTLE In/SH SH (NYSE: CCI):

  • 11/6/2018 – CROWN CASTLE In/SH SH was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/31/2018 – CROWN CASTLE In/SH SH was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/24/2018 – CROWN CASTLE In/SH SH was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/19/2018 – CROWN CASTLE In/SH SH had its price target raised by analysts at Barclays PLC from $110.00 to $112.00. They now have an “equal weight” rating on the stock.
  • 10/17/2018 – CROWN CASTLE In/SH SH was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 9/28/2018 – CROWN CASTLE In/SH SH was given a new $120.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.

Shares of CCI stock opened at $111.21 on Wednesday. The stock has a market cap of $45.36 billion, a PE ratio of 22.93, a P/E/G ratio of 1.34 and a beta of 0.35. CROWN CASTLE In/SH SH has a 1-year low of $98.85 and a 1-year high of $114.97. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.91 and a current ratio of 0.96.

CROWN CASTLE In/SH SH (NYSE:CCI) last announced its quarterly earnings data on Wednesday, October 17th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.06. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. CROWN CASTLE In/SH SH had a net margin of 10.07% and a return on equity of 4.22%. The company’s revenue was up 29.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. Analysts forecast that CROWN CASTLE In/SH SH will post 5.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be issued a $1.125 dividend. This is a positive change from CROWN CASTLE In/SH SH’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $4.50 annualized dividend and a yield of 4.05%. CROWN CASTLE In/SH SH’s dividend payout ratio (DPR) is presently 86.60%.

In related news, Director Robert E. Garrison II sold 2,451 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $113.96, for a total value of $279,315.96. Following the transaction, the director now owns 23,100 shares in the company, valued at $2,632,476. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Langenfeld Cynthia K. Christy purchased 900 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The stock was acquired at an average price of $106.19 per share, for a total transaction of $95,571.00. Following the acquisition, the director now directly owns 25,424 shares of the company’s stock, valued at approximately $2,699,774.56. The disclosure for this purchase can be found here. Company insiders own 0.36% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CCI. Principal Financial Group Inc. raised its holdings in CROWN CASTLE In/SH SH by 19.6% in the first quarter. Principal Financial Group Inc. now owns 2,331,425 shares of the real estate investment trust’s stock valued at $255,547,000 after buying an additional 382,362 shares during the period. DnB Asset Management AS raised its holdings in CROWN CASTLE In/SH SH by 6.9% in the second quarter. DnB Asset Management AS now owns 48,148 shares of the real estate investment trust’s stock valued at $5,191,000 after buying an additional 3,100 shares during the period. IFM Investors Pty Ltd raised its holdings in CROWN CASTLE In/SH SH by 43.1% in the second quarter. IFM Investors Pty Ltd now owns 18,420 shares of the real estate investment trust’s stock valued at $1,986,000 after buying an additional 5,549 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in CROWN CASTLE In/SH SH by 17.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,265 shares of the real estate investment trust’s stock valued at $783,000 after buying an additional 1,100 shares during the period. Finally, Grassi Investment Management raised its holdings in CROWN CASTLE In/SH SH by 17.6% in the second quarter. Grassi Investment Management now owns 9,531 shares of the real estate investment trust’s stock valued at $1,028,000 after buying an additional 1,427 shares during the period. Hedge funds and other institutional investors own 94.91% of the company’s stock.

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.

See Also: Outstanding Shares

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