Shares of CROWN CASTLE IN/SH SH (NYSE:CCI) hit a new 52-week high during trading on Tuesday . The company traded as high as $142.22 and last traded at $142.19, with a volume of 113617 shares traded. The stock had previously closed at $141.50.

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. raised shares of CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $125.00 to $150.00 in a research note on Thursday, August 1st. New Street Research downgraded shares of CROWN CASTLE IN/SH SH from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a research note on Thursday, June 13th. Wells Fargo & Co lifted their target price on shares of CROWN CASTLE IN/SH SH from $129.00 to $142.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Finally, Morgan Stanley lifted their target price on shares of CROWN CASTLE IN/SH SH from $129.00 to $138.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $126.70.

The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $58.60 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 1.78 and a beta of 0.33. The business has a fifty day moving average of $133.09.

CROWN CASTLE IN/SH SH (NYSE:CCI) last posted its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.52 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.85). CROWN CASTLE IN/SH SH had a return on equity of 7.00% and a net margin of 14.62%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm earned $0.36 EPS. The company’s revenue was up 11.1% on a year-over-year basis. Sell-side analysts predict that CROWN CASTLE IN/SH SH will post 5.11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $1.125 per share. This represents a $4.50 annualized dividend and a yield of 3.17%. The ex-dividend date is Thursday, September 12th. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is presently 82.12%.

In other news, VP Robert Sean Collins sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $125.19, for a total transaction of $150,228.00. Following the completion of the sale, the vice president now owns 1,616 shares in the company, valued at approximately $202,307.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Landis Martin acquired 16,300 shares of CROWN CASTLE IN/SH SH stock in a transaction dated Tuesday, July 23rd. The shares were bought at an average price of $127.33 per share, with a total value of $2,075,479.00. Following the transaction, the director now directly owns 130,617 shares in the company, valued at approximately $16,631,462.61. The disclosure for this purchase can be found here. 0.41% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Ropes Wealth Advisors LLC purchased a new stake in CROWN CASTLE IN/SH SH in the 2nd quarter valued at $25,000. Kavar Capital Partners LLC purchased a new stake in CROWN CASTLE IN/SH SH in the 2nd quarter valued at $26,000. Manchester Capital Management LLC purchased a new stake in CROWN CASTLE IN/SH SH in the 2nd quarter valued at $26,000. Lenox Wealth Management Inc. raised its position in CROWN CASTLE IN/SH SH by 2,222.2% in the 1st quarter. Lenox Wealth Management Inc. now owns 209 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Finally, Northern Oak Wealth Management Inc. purchased a new stake in CROWN CASTLE IN/SH SH in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

About CROWN CASTLE IN/SH SH (NYSE:CCI)

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 70,000 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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