Best stocks of the day: Crown Castle International Corp. (CCI)

Cornelia Mascio
Marzo 9, 2017

Nevertheless, it is a common misunderstanding that a greater share price directs towards a larger company where stock price might also twist the definite worth of the organization. The performance this quarter is at 12.97% while the weekly performance is at -2.17%. The most recent short interest data show 1.51% of the company's stock are short sold.

Crown Castle International Corp. State Street Corp now owns 14,619,261 shares of the real estate investment trust's stock worth $1,268,511,000 after buying an additional 426,252 shares during the last quarter. Federated Investors Inc. PA now owns 8,736,412 shares of the real estate investment trust's stock worth $758,059,000 after buying an additional 3,078,924 shares during the last quarter. CIBC World Markets Inc. acquired a new stake in shares of Crown Castle International Corporation during the second quarter valued at $444,000. Shares have dropped -2.77% over the trailing 6 months. At present, the Gross Margin for Crown Castle International Corp. (NYSE:CCI) reached 17.11% versus a 1-year low price of $79.38.

Institutional investors now hold around $32.01 billion or 99.4% in CCI stock. Crown Castle REIT has recorded a 50-day average of 89.17EUR and a two hundred day average of 89.28EUR. The growth for the next year comes down to 29.41%, and its growth for the last five years shows at 12.90%. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $1.11 by $0.76. Profit margins are at 8.30% while the operating margin stands at 22.90%. The company earned $1.03 billion during the quarter, compared to analysts' expectations of $989.36 million. A year ago the company's sales were $934.38M. For the current year the company has low revenue estimates of $4.07B in contradiction of high revenue estimates of $4.2B. The 1 year EPS growth rate is 794.80%.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. The ex-dividend date of this dividend is Wednesday, March 15th.

The dividend yield for the company is hovering around 4.15% while the pay out ratio is now at 381.20%.

The current assessment forCrown Castle International Corp. BTIG Research reiterated a "neutral" rating and set a $91.50 target price on shares of Crown Castle International Corporation in a research note on Wednesday, December 21st. Deutsche Bank AG reissued a "buy" rating and issued a $106.00 price objective on shares of Crown Castle International Corporation in a research report on Friday, November 4th. Whereas 2 of them predict the stock is a hold. Macquarie started coverage on shares of Crown Castle International Corporation in a research report on Tuesday, December 6th.

Realty Income Corporation (NYSE:O) right now sits at consensus rating of 2.90 while 1 analysts have advocated the shares as "BUY", 4 calls it an "OUTPERFORM" and 10 suggest "HOLD". According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $101.47 on company shares.

In other news, Director Ari Q. Fitzgerald sold 3,395 shares of the stock in a transaction on Thursday, December 1st. The stock was purchased at an average price of $81.84 per share, for a total transaction of $204,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The stock was sold at an average price of $85.31, for a total value of $157,226.33. The disclosure for this sale can be found here. During the trading on 03/07/2017, Company's stock ranged from $59.32 to $59.89.

Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The company provides towers and other structures, such as rooftops; and distributed antenna systems, a type of small cell network (small cells).

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