There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Crown Castle Inc (CCI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.08, or 0.08%, to $104.00. The Crown Castle Inc has recorded 93,278 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Crown Castle to Present at the Morgan Stanley 2023 European Technology, Media & Telecom Conference.
As a NYSE listed company, CCI falls under the Real Estate sector while operating within the REIT – Specialty industry segment. The current market capitalization of Crown Castle Inc is $45.07B. A total of 2.5 million shares were traded on the day, compared to an average of 3.44M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CCI has seen 3 BUY and 2 SELL insider trades, representing the acquisition of 2,757 and the disposition of 786 shares. Over the last 12 months, there were 47 BUYs and 15 SELLs from insiders. Insiders purchased 109,674 shares during that period but sold 55,602.
In the most recent transaction, Stephens Kevin A bought 1,000 shares of CCI for 118.00 per share on May 02. After the transaction, the Director now owns 15,416 company shares. In a previous transaction on Apr 27, Nichol Laura B sold 5,000 shares at 120.97 per share. CCI shares that EVP – Business Support owns now total 16,782.
Among the insiders who sold shares, Levendos Christopher disposed of 14,472 shares on Apr 25 at a per-share price of $124.04. This resulted in the EVP & COO – Fiber holding 4,759 shares of CCI after the transaction. In another insider transaction, Nichol Laura B sold 5,000 shares at $122.56 per share on Apr 25. Company shares held by the EVP – Business Support now total 21,782.
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Crown Castle Inc pays an annual dividend of $6.27, resulting in a dividend yield of 6.03%, and it has a price to earnings (P/E) ratio of 29.08. CCI’s most recent ex-dividend date was 12/14/2023 when it declared a $1.5650 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 9/14/2023. The CCI stock dividend was $1.5650 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CCI in the last 3 months, the mean price target is $103.59 with high estimates of $129.00 and low estimates of $85.00. In terms of 52-week highs and lows, CCI has a high of $153.98 and a low of $84.72.
As of this writing, CCI has an earnings estimate of $0.76 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.84 per share and a lower estimate of $0.65.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CCI’s latest balance sheet shows that the firm has $292.00M in Cash & Short Term Investments as of fiscal 2021. There were $27.01B in debt and $2.03B in liabilities at the time. Its Book Value Per Share was $15.37, while its Total Shareholder’s Equity was $8.26B.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CCI is Buy with a score of 3.47.