CROWN CASTLE IN/SH SH (CCI) Receives Average Rating of “Hold” from Analysts

CROWN CASTLE IN/SH SH (NYSE:CCI) has earned an average rating of “Hold” from the sixteen brokerages that are currently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $122.60.

CCI has been the subject of a number of research reports. TheStreet raised shares of CROWN CASTLE IN/SH SH from a “c+” rating to a “b” rating in a research report on Wednesday, January 23rd. Bank of America upped their price target on shares of CROWN CASTLE IN/SH SH from $119.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Deutsche Bank cut shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating and set a $121.00 price target for the company. in a research report on Monday, March 18th. They noted that the move was a valuation call. Zacks Investment Research raised shares of CROWN CASTLE IN/SH SH from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Finally, Goldman Sachs Group cut shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $110.00 price target for the company. in a research report on Monday, January 14th.

Shares of CROWN CASTLE IN/SH SH stock opened at $127.40 on Tuesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.87 and a quick ratio of 0.87. CROWN CASTLE IN/SH SH has a twelve month low of $98.85 and a twelve month high of $130.60. The firm has a market cap of $53.55 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 1.48 and a beta of 0.42.

CROWN CASTLE IN/SH SH (NYSE:CCI) last announced its quarterly earnings results on Wednesday, January 23rd. The real estate investment trust reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. CROWN CASTLE IN/SH SH had a net margin of 11.86% and a return on equity of 5.17%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. CROWN CASTLE IN/SH SH’s revenue for the quarter was up 14.6% on a year-over-year basis. As a group, sell-side analysts expect that CROWN CASTLE IN/SH SH will post 5.6 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $1.125 dividend. The ex-dividend date was Thursday, March 14th. This represents a $4.50 dividend on an annualized basis and a yield of 3.53%. CROWN CASTLE IN/SH SH’s payout ratio is currently 82.12%.

In other CROWN CASTLE IN/SH SH news, SVP Michael Joseph Kavanagh sold 2,500 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $120.06, for a total value of $300,150.00. Following the completion of the transaction, the senior vice president now directly owns 38,471 shares of the company’s stock, valued at approximately $4,618,828.26. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Edward C. Hutcheson, Jr. acquired 350 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was purchased at an average cost of $117.95 per share, with a total value of $41,282.50. Following the completion of the transaction, the director now owns 59,187 shares in the company, valued at $6,981,106.65. The disclosure for this purchase can be found here. Corporate insiders own 0.41% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of CROWN CASTLE IN/SH SH by 7.6% in the 3rd quarter. Vanguard Group Inc. now owns 53,196,893 shares of the real estate investment trust’s stock valued at $5,922,410,000 after purchasing an additional 3,771,236 shares in the last quarter. Vanguard Group Inc raised its stake in shares of CROWN CASTLE IN/SH SH by 7.6% in the 3rd quarter. Vanguard Group Inc now owns 53,196,893 shares of the real estate investment trust’s stock valued at $5,922,410,000 after purchasing an additional 3,771,236 shares in the last quarter. BlackRock Inc. raised its stake in shares of CROWN CASTLE IN/SH SH by 0.4% in the 4th quarter. BlackRock Inc. now owns 28,057,717 shares of the real estate investment trust’s stock valued at $3,047,911,000 after purchasing an additional 118,392 shares in the last quarter. Magellan Asset Management Ltd raised its stake in shares of CROWN CASTLE IN/SH SH by 0.6% in the 4th quarter. Magellan Asset Management Ltd now owns 12,663,576 shares of the real estate investment trust’s stock valued at $1,375,644,000 after purchasing an additional 69,936 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of CROWN CASTLE IN/SH SH by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,123,320 shares of the real estate investment trust’s stock valued at $665,173,000 after purchasing an additional 139,365 shares in the last quarter. 93.18% of the stock is owned by institutional investors.

About CROWN CASTLE IN/SH SH

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 65,000 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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Analyst Recommendations for CROWN CASTLE IN/SH SH (NYSE:CCI)

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