CROWN CASTLE IN/SH SH (NYSE:CCI) released its earnings results on Wednesday. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.09), MarketWatch Earnings reports. CROWN CASTLE IN/SH SH had a return on equity of 8.39% and a net margin of 15.59%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the business posted $1.44 earnings per share. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. CROWN CASTLE IN/SH SH updated its FY 2020
After-Hours guidance to 6.06-6.17 EPS and its FY20 guidance to $6.12 EPS.

CCI traded down $4.56 on Thursday, hitting $169.31. The company had a trading volume of 1,039,776 shares, compared to its average volume of 1,944,818. The stock has a fifty day moving average price of $168.10 and a 200-day moving average price of $157.78. CROWN CASTLE IN/SH SH has a 12-month low of $114.18 and a 12-month high of $180.00. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market capitalization of $70.56 billion, a price-to-earnings ratio of 88.19, a P/E/G ratio of 1.42 and a beta of 0.35.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $4.80 annualized dividend and a yield of 2.84%. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is presently 84.36%.

Several analysts have recently weighed in on the company. Oppenheimer upgraded CROWN CASTLE IN/SH SH from a “market perform” rating to an “outperform” rating and set a $175.00 target price for the company in a research report on Friday, May 22nd. Morgan Stanley lifted their target price on CROWN CASTLE IN/SH SH from $177.00 to $179.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Deutsche Bank began coverage on CROWN CASTLE IN/SH SH in a research report on Friday, June 5th. They set a “hold” rating and a $180.00 target price for the company. Credit Suisse Group began coverage on CROWN CASTLE IN/SH SH in a research note on Tuesday, April 28th. They set a “neutral” rating and a $149.00 price target on the stock. Finally, Wells Fargo & Co raised their price target on CROWN CASTLE IN/SH SH from $185.00 to $188.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $166.31.

In other news, VP Robert Sean Collins sold 2,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $174.09, for a total transaction of $348,180.00. Following the sale, the vice president now owns 5,634 shares in the company, valued at $980,823.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Joseph Kavanagh sold 5,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $153.86, for a total value of $769,300.00. Following the sale, the executive vice president now owns 47,767 shares in the company, valued at approximately $7,349,430.62. The disclosure for this sale can be found here. Insiders sold 13,000 shares of company stock worth $2,125,480 in the last quarter. 0.47% of the stock is owned by insiders.

About CROWN CASTLE IN/SH SH

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.

Featured Story: How are institutional investors different from individual investors?

Earnings History for CROWN CASTLE IN/SH SH (NYSE:CCI)

Receive News & Ratings for CROWN CASTLE IN/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CROWN CASTLE IN/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.