Crown Castle International Corp. (NYSE:CCI) Short Interest Update

Crown Castle International Corp. (NYSE:CCIGet Rating) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 4,340,000 shares, a growth of 26.2% from the March 31st total of 3,440,000 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 1,880,000 shares, the short-interest ratio is presently 2.3 days.

In other Crown Castle International news, Director Kevin A. Stephens bought 2,000 shares of Crown Castle International stock in a transaction dated Tuesday, February 22nd. The stock was bought at an average price of $162.30 per share, with a total value of $324,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Catherine Piche sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $176.41, for a total transaction of $441,025.00. The disclosure for this sale can be found here. Insiders have sold 18,500 shares of company stock valued at $3,516,815 over the last 90 days. Company insiders own 0.47% of the company’s stock.

Several large investors have recently modified their holdings of the company. NTB Financial Corp increased its holdings in Crown Castle International by 150.8% in the first quarter. NTB Financial Corp now owns 3,764 shares of the real estate investment trust’s stock valued at $695,000 after purchasing an additional 2,263 shares during the period. Verdence Capital Advisors LLC increased its stake in shares of Crown Castle International by 19.3% in the first quarter. Verdence Capital Advisors LLC now owns 8,386 shares of the real estate investment trust’s stock valued at $1,548,000 after buying an additional 1,356 shares during the period. National Asset Management Inc. raised its position in shares of Crown Castle International by 5.5% during the first quarter. National Asset Management Inc. now owns 21,229 shares of the real estate investment trust’s stock worth $3,920,000 after acquiring an additional 1,110 shares during the last quarter. Gilbert & Cook Inc. lifted its stake in shares of Crown Castle International by 3.7% in the first quarter. Gilbert & Cook Inc. now owns 2,271 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 81 shares during the period. Finally, Granite Investment Partners LLC increased its position in Crown Castle International by 0.5% during the 1st quarter. Granite Investment Partners LLC now owns 96,023 shares of the real estate investment trust’s stock valued at $17,726,000 after purchasing an additional 464 shares during the period. Institutional investors own 91.28% of the company’s stock.

A number of equities analysts have commented on CCI shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Crown Castle International from $209.00 to $204.00 and set a “buy” rating on the stock in a research note on Thursday, February 3rd. Morgan Stanley upped their price objective on shares of Crown Castle International from $207.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, April 7th. Raymond James raised their target price on shares of Crown Castle International from $184.00 to $206.00 and gave the company an “outperform” rating in a report on Friday, April 22nd. Credit Suisse Group boosted their target price on shares of Crown Castle International from $204.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, April 22nd. Finally, KeyCorp increased 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $205.62.

Shares of CCI opened at $180.82 on Tuesday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.62 and a current ratio of 0.71. Crown Castle International has a 52 week low of $157.16 and a 52 week high of $209.87. The stock has a market capitalization of $78.30 billion, a price-to-earnings ratio of 53.82 and a beta of 0.56. The stock has a fifty day moving average of $182.37 and a 200-day moving average of $183.87.

Crown Castle International (NYSE:CCIGet Rating) last announced its quarterly earnings results on Wednesday, April 20th. The real estate investment trust reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.03. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.70 billion. Crown Castle International had a return on equity of 17.40% and a net margin of 22.12%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period last year, the firm posted $1.71 earnings per share. As a group, equities analysts forecast that Crown Castle International will post 7.06 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.25%. The ex-dividend date was Monday, March 14th. Crown Castle International’s dividend payout ratio (DPR) is currently 175.00%.

Crown Castle International Company Profile (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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