Crown Castle International Corporation (NYSE:CCI) released its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $1.03 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.07), Bloomberg Earnings reports. Crown Castle International Corporation had a net margin of 11.35% and a return on equity of 5.93%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $1.09 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis.
Shares of Crown Castle International Corporation (NYSE:CCI) traded up 0.01% during mid-day trading on Friday, reaching $103.19. 1,651,173 shares of the company traded hands. The stock’s 50-day moving average is $102.75 and its 200-day moving average is $100.74. The company has a market capitalization of $41.92 billion, a P/E ratio of 82.35 and a beta of 0.16. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $108.88.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $1.05 per share. The ex-dividend date is Thursday, December 14th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.07%. This is a boost from Crown Castle International Corporation’s previous quarterly dividend of $0.95. Crown Castle International Corporation’s payout ratio is currently 316.67%.
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Several analysts have issued reports on CCI shares. UBS AG lowered shares of Crown Castle International Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. BidaskClub raised shares of Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Barclays PLC lifted their price objective on shares of Crown Castle International Corporation from $101.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday, October 16th. Finally, Zacks Investment Research downgraded shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Crown Castle International Corporation presently has an average rating of “Buy” and an average price target of $110.04.
Crown Castle International Corporation 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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