Traders purchased shares of CROWN CASTLE IN/SH SH (NYSE:CCI) on weakness during trading on Wednesday. $85.36 million flowed into the stock on the tick-up and $64.03 million flowed out of the stock on the tick-down, for a money net flow of $21.33 million into the stock. Of all equities tracked, CROWN CASTLE IN/SH SH had the 30th highest net in-flow for the day. CROWN CASTLE IN/SH SH traded down ($1.87) for the day and closed at $105.67

CCI has been the subject of a number of recent analyst reports. UBS Group set a $120.00 price objective on CROWN CASTLE IN/SH SH and gave the company a “buy” rating in a research note on Friday, September 28th. TheStreet lowered CROWN CASTLE IN/SH SH from a “b” rating to a “c+” rating in a research note on Wednesday, October 17th. Barclays raised their price objective on CROWN CASTLE IN/SH SH from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Friday, October 19th. ValuEngine upgraded CROWN CASTLE IN/SH SH from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Moffett Nathanson lowered CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $118.00 price objective for the company. in a research note on Monday, December 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $119.20.

The stock has a market capitalization of $43.84 billion, a P/E ratio of 22.04, a P/E/G ratio of 1.22 and a beta of 0.42. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.33.

CROWN CASTLE IN/SH SH (NYSE:CCI) last issued its earnings results on Wednesday, October 17th. The real estate investment trust reported $0.33 EPS for the quarter, topping the consensus estimate of $0.27 by $0.06. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.35 billion. CROWN CASTLE IN/SH SH had a return on equity of 4.22% and a net margin of 10.07%. The business’s revenue was up 29.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. On average, research analysts expect that CROWN CASTLE IN/SH SH will post 5.25 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Friday, December 14th were given 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 was Thursday, December 13th. This represents a $4.50 annualized dividend and a dividend yield of 4.18%. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is presently 92.78%.

In other news, Director Langenfeld Cynthia K. Christy bought 900 shares of the firm’s stock in a transaction dated Monday, October 22nd. The stock was bought at an average price of $106.19 per share, for a total transaction of $95,571.00. Following the transaction, the director now owns 25,424 shares in the company, valued at $2,699,774.56. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.36% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue boosted its position in CROWN CASTLE IN/SH SH by 0.9% during the 4th quarter. State of Alaska Department of Revenue now owns 200,685 shares of the real estate investment trust’s stock valued at $21,797,000 after purchasing an additional 1,888 shares during the period. Moody National Bank Trust Division boosted its position in CROWN CASTLE IN/SH SH by 0.4% during the 4th quarter. Moody National Bank Trust Division now owns 65,739 shares of the real estate investment trust’s stock valued at $7,141,000 after purchasing an additional 264 shares during the period. Chesley Taft & Associates LLC boosted its position in CROWN CASTLE IN/SH SH by 3.3% during the 4th quarter. Chesley Taft & Associates LLC now owns 22,630 shares of the real estate investment trust’s stock valued at $2,458,000 after purchasing an additional 720 shares during the period. Fulton Bank N.A. boosted its position in CROWN CASTLE IN/SH SH by 22.6% during the 4th quarter. Fulton Bank N.A. now owns 27,119 shares of the real estate investment trust’s stock valued at $2,945,000 after purchasing an additional 5,000 shares during the period. Finally, WealthPLAN Partners LLC boosted its position in CROWN CASTLE IN/SH SH by 16.5% during the 3rd quarter. WealthPLAN Partners LLC now owns 2,610 shares of the real estate investment trust’s stock valued at $286,000 after purchasing an additional 370 shares during the period. Institutional investors own 93.95% of the company’s stock.

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CROWN CASTLE IN/SH SH Company Profile (NYSE:CCI)

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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