News headlines about Crown Castle International Corporation (NYSE:CCI) have trended somewhat positive on Wednesday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Crown Castle International Corporation earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.8048739261326 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
- Towerstream (TWER) & Crown Castle International Corporation (NYSE:CCI) Head to Head Contrast (americanbankingnews.com)
- Cogent Communications Holdings (CCOI) & Crown Castle International Corporation (CCI) Head-To-Head Comparison (americanbankingnews.com)
- Charter Stock Looks Attractive as Softbank Prepares to Make a Move – TheStreet.com (thestreet.com)
- Crown Castle International Named Top Dividend Stock With Insider Buying and 3.73% Yield (CCI) – Nasdaq (nasdaq.com)
- Crown Castle International Corporation (NYSE:CCI) Earns Media Sentiment Score of 0.34 (topactu.net)
Shares of Crown Castle International Corporation (CCI) traded up 0.74% during midday trading on Wednesday, hitting $100.77. The company had a trading volume of 2,539,854 shares. Crown Castle International Corporation has a 12 month low of $79.38 and a 12 month high of $104.68. The company has a market cap of $36.89 billion, a price-to-earnings ratio of 80.42 and a beta of 0.20. The stock’s 50-day moving average price is $99.82 and its 200-day moving average price is $95.37.
Crown Castle International Corporation (NYSE:CCI) last issued its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.05 EPS. On average, equities research analysts forecast that Crown Castle International Corporation will post $1.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.77%. Crown Castle International Corporation’s payout ratio is currently 304.00%.
CCI has been the topic of a number of research reports. Deutsche Bank AG restated a “buy” rating and set a $108.00 target price (up from $106.00) on shares of Crown Castle International Corporation in a research report on Saturday, April 22nd. Royal Bank Of Canada restated a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a research report on Tuesday, April 18th. BidaskClub lowered shares of Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded shares of Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $114.00 target price on the stock in a research report on Tuesday, July 11th. Finally, Citigroup Inc. lowered their target price on shares of Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating on the stock in a research report on Friday, July 21st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $104.95.
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In related news, Director J Landis Martin acquired 30,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was purchased at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the purchase, the director now directly owns 99,335 shares in the company, valued at $9,997,074.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO James D. Young sold 24,646 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $97.50, for a total value of $2,402,985.00. Following the transaction, the chief operating officer now owns 140,006 shares of the company’s stock, valued at $13,650,585. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.
Crown Castle International Corporation Company Profile
Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests).
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