Media headlines about CROWN CASTLE In/SH SH (NYSE:CCI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty 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 In/SH SH earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.9654493234321 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- CROWN CASTLE In/SH SH (CCI) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Ranked teams dominate State Preview Viking boys, Laker girls take small-school titles (tribstar.com)
- Brokerages Anticipate CROWN CASTLE In/SH SH (CCI) Will Post Quarterly Sales of $1.35 Billion (americanbankingnews.com)
- Should You Hold Crown Castle (CCI) Stock in Your Portfolio? (finance.yahoo.com)
- $1.36 EPS Expected for CROWN CASTLE In/SH SH (CCI) This Quarter (americanbankingnews.com)
CROWN CASTLE In/SH SH stock opened at $113.90 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.91 and a current ratio of 0.91. CROWN CASTLE In/SH SH has a 1 year low of $98.85 and a 1 year high of $114.97. The stock has a market capitalization of $47.30 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.73 and a beta of 0.37.
CROWN CASTLE In/SH SH (NYSE:CCI) last posted its quarterly earnings results on Wednesday, July 18th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.91). CROWN CASTLE In/SH SH had a return on equity of 4.20% and a net margin of 9.72%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the business posted $0.31 earnings per share. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. research analysts expect that CROWN CASTLE In/SH SH will post 5.24 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a $1.05 dividend. The ex-dividend date is Thursday, September 13th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.69%. CROWN CASTLE In/SH SH’s payout ratio is currently 86.60%.
Several research analysts have weighed in on CCI shares. Zacks Investment Research lowered shares of CROWN CASTLE In/SH SH from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 24th. Cowen reissued a “buy” rating and set a $121.00 price objective on shares of CROWN CASTLE In/SH SH in a report on Friday, July 20th. Morgan Stanley decreased their price objective on shares of CROWN CASTLE In/SH SH from $118.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, May 31st. Citigroup raised their price objective on shares of CROWN CASTLE In/SH SH from $109.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, July 24th. Finally, Guggenheim reissued a “buy” rating and set a $120.00 price objective on shares of CROWN CASTLE In/SH SH in a report on Friday, July 20th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $116.91.
In related news, Director Robert E. Garrison II sold 2,451 shares of CROWN CASTLE In/SH SH stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $113.96, for a total value of $279,315.96. Following the sale, the director now directly owns 23,100 shares in the company, valued at approximately $2,632,476. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director J Landis Martin acquired 6,100 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was purchased at an average price of $110.14 per share, for a total transaction of $671,854.00. Following the completion of the transaction, the director now owns 107,822 shares in the company, valued at $11,875,515.08. The disclosure for this purchase can be found here. Company insiders own 0.36% of the company’s stock.
About CROWN CASTLE In/SH SH
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 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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