Media coverage about Crown Castle International (NYSE:CCI) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Crown Castle International earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.4280640052834 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Here's Why You Should Hold on to Crown Castle Amid Risks (finance.yahoo.com)
- Renaissance Technologies LLC Raises Holdings in Crown Castle International Corp. (REIT) (CCI) (americanbankingnews.com)
- ETRADE Capital Management LLC Has $4.19 Million Stake in Crown Castle International Corp. (REIT) (CCI) (americanbankingnews.com)
- Chilton Capital Management LLC Purchases 6,710 Shares of Crown Castle International Corp. (REIT) (CCI) (americanbankingnews.com)
- Amundi Pioneer Asset Management Inc. Grows Position in Crown Castle International Corp. (REIT) (CCI) (americanbankingnews.com)
Shares of Crown Castle International (CCI) traded up $0.75 during trading hours on Friday, reaching $110.99. The company’s stock had a trading volume of 3,951,926 shares, compared to its average volume of 3,090,000. The company has a market cap of $44,860.00, a PE ratio of 109.89, a P/E/G ratio of 1.35 and a beta of 0.28. Crown Castle International has a 12-month low of $88.71 and a 12-month high of $114.97. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.88 and a quick ratio of 0.88.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $4.20 annualized dividend and a yield of 3.78%. Crown Castle International’s dividend payout ratio is currently 415.84%.
CCI has been the topic of several research reports. Guggenheim reiterated a “buy” rating and set a $115.00 price target on shares of Crown Castle International in a research report on Friday, January 26th. Deutsche Bank reiterated a “buy” rating and set a $120.00 price target on shares of Crown Castle International in a research report on Monday, January 22nd. KeyCorp upped their price target on shares of Crown Castle International from $106.00 to $114.00 in a research report on Monday, November 27th. Finally, Zacks Investment Research upgraded shares of Crown Castle International from a “sell” rating to a “hold” rating in a research report on Monday, January 29th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $113.33.
In other Crown Castle International news, insider Jay A. Brown sold 18,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $108.43, for a total transaction of $1,951,740.00. Following the completion of the sale, the insider now directly owns 162,526 shares of the company’s stock, valued at approximately $17,622,694.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kenneth Jay Simon sold 693 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $108.79, for a total value of $75,391.47. Following the sale, the senior vice president now directly owns 14,869 shares of the company’s stock, valued at $1,617,598.51. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.
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Crown Castle International 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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