|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||140.56 - 141.91|
|52 Week Range||103.21 - 149.47|
|Beta (3Y Monthly)||0.33|
|PE Ratio (TTM)||82.16|
|Earnings Date||Oct 15, 2019 - Oct 21, 2019|
|Forward Dividend & Yield||4.50 (3.20%)|
|1y Target Est||138.15|
HOUSTON, Sept. 19, 2019 -- Crown Castle International Corp. (NYSE: CCI) (“Crown Castle”) announced today that the quarterly dividend on its 6.875% Mandatory Convertible.
As the wireless industry rolls out the 5G technology, the latest network deployment is triggering demand for tower leasing which looks encouraging for the days ahead.
Crown Castle International Corp. (REIT) (NYSE:CCI) is about to trade ex-dividend in the next 4 days. Ex-dividend means...
Ventas' (VTR) investment in a high-quality senior-housing asset portfolio in Canada will diversify its portfolio, geographic and operator base as well as be accretive to its performance in 2020.
HOUSTON, Sept. 04, 2019 -- Crown Castle International Corp. (NYSE: CCI) ("Crown Castle") announced today that Jay Brown, Crown Castle’s Chief Executive Officer is scheduled to.
Kilroy Realty (KRC) will raise $495.2 million through a public offering of senior notes, the proceeds of which will be channelized to fund buyouts and development projects, and reduce debt balances.
Alexandria Real Estate Equities' (ARE) efforts to tap the debt market through public offerings of senior unsecured notes are a strategic fit and will likely reduce its funding cost.
(Bloomberg) -- European phone companies are selling their mobile masts and growth-hungry U.S. tower companies have money to spend -- it looks like a marriage made in heaven.Instead, firms like American Tower Corp. and Crown Castle International Corp. are largely staying away, making it easier for Spain’s Cellnex Telecom SA and infrastructure funds managed by Macquarie Group Ltd., KKR & Co. and others to sweep up the region’s tower assets.Their hesitation is driven partly by price: the global hunt for yield has driven up the premium for these assets, which offer reliable, steady income streams. Independent tower companies also won’t pay top dollar unless they see a path to significant revenue growth -- and that’s where they have a problem with Europe.“The American tower companies say, ‘OK, Europe is fine at the right price, but prices are not where we need them to be, so we think the opportunities elsewhere are more attractive,”’ said Nick Del Deo, senior analyst at U.S. research firm MoffettNathanson.Tens of thousands of European masts are expected to see ownership changes in the next two years as companies such as Iliad SA, Vodafone Group Plc and Telecom Italia SpA bring in new investors to reduce debt and share the heavy cost of rolling out 5G technology.But only a quarter are likely to end up with independent operators, according to TowerXchange. Vodafone and CK Hutchison Holdings Ltd. are creating separate units for almost 90,000 towers and the consultancy expects them to maintain control over those businesses. That’s a turn-off for independent companies, which try to maximize revenue by leasing mast space to as many network operators as possible.Many European carriers want to keep some hold on their towers because they see mobile infrastructure as a strategic asset that can help them manage costs and perhaps gain a competitive edge. They’re also mindful of what happened in the U.S., where operators rushed to sell their towers more than a decade ago only to find themselves stuck with a big bill for leases and capacity rights.Vodafone Surges on Possible IPO, Stake Sale of Towers UnitVodafone and Telefonica Ink 5G Terms in Move to U.K. Tower SalesNiel Agrees to $3 Billion of Phone Tower Sales to CellnexCK Hutchison to Separate Out European Phone Towers BusinessSelling full ownership of towers to independent players can spur innovation and reduce expenses by encouraging carriers to share infrastructure, avoiding costly duplication. European carriers’ insistence on maintaining control means the continent’s progress in rolling out 5G will likely continue to be slower compared to the U.S., where towers are largely in independent hands.“There is a risk that the European carriers go too far the other way,” Del Deo said. “The captive tower model, if you look globally, has never proven to be that effective.”For now, American Tower is mostly relying on building towers in Africa, Latin America and India for its international growth.Crown Castle didn’t respond to a request for comment on its future European asset bidding plans. American Tower declined to comment. Its chief executive officer, James Taiclet, told analysts last month that recent large European tower sales didn’t meet its bar for growth prospects and asset costs.Here are some other reasons why U.S. tower firms aren’t piling into Europe:Redundancy: Europe has more cases of towers operated by rival carriers sitting in close proximity. An independent owner may want to remove one to cut costs, but the tower often comes with a ground lease that they must keep paying for years.Less Potential: Europe has lots of rooftop antenna sites, which can’t accommodate as many customers as can a ground-based tower. Many European portfolios include broadcast towers in rural areas that may not be as valuable as mobile towers.Radio Emission Rules: In some countries, rules on maximum electromagnetic radio emissions limit the number of antennas a tower firm can install at a single site.\--With assistance from Scott Moritz.To contact the reporter on this story: Thomas Pfeiffer in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Kenneth Wong at email@example.com, Jennifer Ryan, Anthony PalazzoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
HOUSTON, Aug. 28, 2019 -- Crown Castle International Corp. (NYSE: CCI) ("Crown Castle") announced today that Dan Schlanger, Crown Castle’s Senior Vice President and Chief.
Every once in a while, a stock chart just reaches out and grabs you. The trend is so strong that it compels you to pay attention. I recently had one of those moments with 5G stocks, so I wanted to share it now.This particular chart highlights a trend that debunks one of the biggest myths I'm hearing right now - the one that says, "the market is doomed, everyone's selling off, and if you haven't yet, then you should, too."If that were true, why are these "random" stocks going absolutely wild compared to the broader market?InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs you can see in the one-year chart below, they're racking up 30%, even 50% gains… during a time period when the S&P 500 (the orange line at the bottom) is flat.I call them "random" stocks because Crown Castle International (NYSE:CCI) and American Tower Corp. (NYSE:AMT) are likely not top-of-mind for many investors. They're not the kind of stocks that folks like me usually get called to discuss on TV. (But with performance like that, they should.)But these are NOT "random" stocks. In fact, they'll be crucial in implementing 5G wireless, one of the biggest revolutionary technologies that's just taking off now and is set to explode into the 2020s. * 10 Companies Using AI to Grow Crown Castle and American Tower are real estate investment trusts (REITs) specializing in telecom services. In other words, they often play landlord to companies like Verizon (NYSE:VZ), AT&T (NYSE:T), T-Mobile (NASDAQ:TMUS), and Sprint (NYSE:S). At this point, that's basically the whole industry. And these telecom REITs help provide cell towers, plus newer technology called "small cells," as well as the fiber-optic cables that run out to customers.Are cell towers a growth industry? Absolutely. And that's because people's usage of mobile data is skyrocketing. In 2018, the average smartphone in North America used 7 gigabytes per month. In 2024, that'll be more like 40 gigabytes per month, according to a June report from Ericsson (NASDAQ:ERIC).That's nearly 6X growth in just six years.Crown Castle CEO Jay Brown cited that stat when giving his 2019 guidance on new-leasing activity. In the July earnings report, Brown announced that his company expects a 30% increase in tower leasing, year-over-year.But this is a much bigger story than Crown Castle, American Tower, or any other individual 5G stocks.At Investment Opportunities, I've really been digging into the 5G mega-trend -- and you can bet I'll continue to do so. The closer I look, the more opportunities I find… some that you might never expect.Keep in mind that when we talk about 5G, we're talking about speed. Taking devices that don't look much different than the ones we use now… and transforming them into something exponentially faster and more powerful.With 5G, you will be able to download a movie in six seconds. Today it takes seven minutes with the current 4G technology.Now, here in the United States -- in tech strongholds like San Francisco and wealthy suburbs like Montgomery County, Maryland -- homeowners aren't too thrilled when Crown Castle or Verizon come to their neighborhood to put up a cell tower. (Or add to an existing one, like with the 5G buildout.)I get it, but these folks aren't seeing the big picture. They just see a big gray box. Ultimately, though, 5G is coming -- and it'll take us to the next level of wireless communications. Not just for consumer products, like our iPhones, but for industrial applications, advanced medicine, and even transportation. If we're talking about self-driving cars, we're talking about a lot of data that needs relayed back and forth in an instant.The speeds 5G provides will be the catalyst for just about every other game-changing technology that's coming down the pike. And the more people realize that, the more they'll start to notice stock charts like the one above.This is what I'm talking about when I say: The market is full of buying opportunities right now. Yes, right now.P.S. What are some of these game-changing technologies I'm looking at?Besides self-driving cars, there are electric cars in general (which are being adopted at a phenomenal rate)…There are tons of other connected devices -- a whole Internet of Things…There are smart medical devices, leading to precision healthcare…And artificial intelligence…No wonder data usage is taking off into the stratosphere.And guess what? All those devices need to be powered.Unfortunately, the current technology has some pretty severe limitations. But new technology is emerging to replace it -- one that's safer AND more powerful.Click here to learn more and prepare to ride this trend higher in your portfolio.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies Using AI to Grow * The 10 Biggest Winners From Second-Quarter Earnings * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post Are 5G Stocks Worth the Hype? This Chart Says It All appeared first on InvestorPlace.
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
Crown Castle International is one of the largest operators of cell phone towers in the United States and will be among the greatest beneficiaries of the current and eventual shift to 5G.
Highwoods Properties' (HIW) signing of a lease with a new customer in one of the Raleigh area's BBDs having a solid credit profile reflects healthy demand for its properties.
(Bloomberg) -- Three companies — Amazon.com Inc., Microsoft Corp. and Alphabet Inc. — quietly dominate the world of cloud computing.With more more than 100 giant data centers worldwide, they rent out computing power to all manner of customers, making billions of dollars along the way. In fact, cloud computing has done more to fuel Amazon’s earnings in recent years than its e-commerce business.But there’s a threat looming on the horizon, quite literally at the edge of the network. With so many mobile devices and sensors now connected to the internet — and relying on artificial intelligence — more people and companies need their computing power close to them. For everything from fast analysis of road conditions to streaming holographic concerts, remote data centers are just too far away.That’s going to hand a huge opportunity to wireless carriers, which are building fast 5G networks to handle the task. And create a threat for the dominant cloud-computing players, according to telecom analyst Chetan Sharma. “Over time, cloud will be primarily used for storage and running longer computational models, while most of the processing of data and AI inference will take place at the edge,” said Sharma, who just wrote a report on the topic sponsored by software provider AlefEdge Inc. He pegs the size of this so-called edge-computing market at more than $4 trillion by 2030.Wireless carriers and the owners of cell towers have a big advantage in the edge-computing race: Not only do they control access to high-speed telecommunications networks, they have valuable real estate, such as tens of thousands of cell sites all over the country.Cloud computing isn’t going away by any means. But there’s more pressure on the industry’s Big Three to team up with wireless carriers, so they’re not left out of the burgeoning edge market.“The big players realize that at a minimum they need to partner up with operators to get access to their real-estate property,” Sharma said.Already, AT&T Inc. — the second-largest U.S. wireless carrier — has joined forces with Microsoft Corp. and IBM Corp., two cloud providers.“Our goal is that our partners are wildly successful,” said Sam George, a cloud executive at Microsoft. “If our partners are wildly successful, we’ll be wildly successful. There’s a lot of money to be made for partners.”Amazon and Google declined to comment on their plans.AT&T has hundreds of workers focused on edge computing, and it’s “a core part of our 5G strategy,” said Mo Katibeh, chief marketing officer of AT&T’s business division.“This is one that takes a village.”IBM, meanwhile, is also working with carrier Vodafone Group Plc in Europe.“The networks are essentially themselves becoming a cloud,” said Steve Canepa, IBM’s global managing director for the telecom industry. “The telcos today have a point of presence at the edge, and that becomes a great place to have an extension of the platform.”Cloud providers in China — such as Alibaba Group Holdings Ltd. and Tencent Holdings Ltd. — invested in carrier China Unicom two years ago. And more such investments and partnerships could be coming, Sharma said.For other tech companies, including chipmakers like Intel Corp., the hope is the shift leads to a bigger opportunity for everyone.“We see a rapid convergence between the cloud providers and connectivity providers,” said Caroline Chan, a general manager at Intel. “In our view, it’s a bigger pie.”Other telecom players are angling to team up with both carriers and cloud providers. Crown Castle International Corp., which owns fiber lines as well as more than 40,000 cell towers in the U.S., is in talks with the two camps, said Paul Reddick, a vice president at the company.Crown Castle also is an investor in startup Vapor IO, which is deploying edge computing this year in six metro areas, including Chicago.“I would say this is one that takes a village,” Reddick said.Other projects are already well underway. At CenturyLink Inc., about 100 facilities that used to store telecom equipment are now outfitted with servers. And it’s making them available to corporate customers in sectors like retail and industrial robotics.“We’ve already sold these facilities to a number of customers that need to get that compute closer to the network edge,” said Paul Savill, a senior vice president at CenturyLink. “We’ve seen enough activity in this space that we can confidently build out this infrastructure.”To contact the author of this story: Olga Kharif in Portland at firstname.lastname@example.orgTo contact the editor responsible for this story: Nick Turner at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
In a low interest rate environment, dividend stocks often come into focus. One type of dividend stock that gets attention is the real estate investment trust (REIT). To gain this status, companies must pay at least 90% of their income to shareholders in the form of dividends. Consequently, investors often look for REITs to buy because such rules lead to higher interest rates. Average yields for REITs have now climbed to 4.06%, more than double the average return of the S&P 500. * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever Investors should also note that REITs remain a dynamic sector. For example, the advent of e-commerce has hurt retail REITs and boosted industrial REITs as a large portion of retailing moved from malls to warehouses. Also, new REIT sectors sometimes emerge. For example, data center REITs came about to meet the demand for cool, wired, secured real estate to store IT equipment. Such changes bring about new REITs to buy, and these stocks offer opportunities in such emerging industries.InvestorPlace - Stock Market News, Stock Advice & Trading Tips CorEnergy Infrastructure Trust (CORR)Source: Shutterstock CorEnergy (NYSE:CORR) owns the infrastructure that runs the oil and gas industry. This includes structures such as pipelines, storage terminals and other transmission and distribution-related assets.Interestingly, as oil and gas prices struggle to gain traction, CORR stock remains one of the REITs to buy as its rise continues in this challenging environment. It now trades at just over $45 per share, a high not seen since 2012. Despite this increase, it trades at a forward price-to-earnings ratio of around 19.5.Moreover, the recent slump has not hurt profit growth. Wall Street predicts CORR stock will see profits grow by 9.3% and 23.9% next year before a slowdown in subsequent years.However, this could boost an already generous dividend payment. Right now, CORR stock pays out $3 per share. That yields around 6.6%. Although it has not risen since 2016, the current pace of profit growth could force it higher.After the current run-up, both revenue and profit growth could plateau. However, it should level off at a point that will still yield current investors a high dividend return. Crown Castle (CCI)Source: iStockphoto Among REITs to buy, Crown Castle (NYSE:CCI) specializes in what many call "vertical real estate." It owns towers throughout the world that make wireless communication possible. CNN Business's Paul R. La Monica went so far to label Crown Castle and peers American Tower (NYSE:AMT) and SBA Communications (NASDAQ:SBAC) as the "real winners" of 5G. SBA's CEO expects 5G to provide his industry with "multiple years of solid customer demand and strong growth."Hence, it should come as no surprise that CCI stock has risen to about $144 per share. It has increased by about 40% over the last year. Admittedly, this has made CCI a pricey stock as it trades at a forward P/E ratio of about 69.4.However, for this price, investors can expect to derive both significant growth and income. Analysts predict average profit growth of 21% per year over the next five years. * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure The dividend has also risen consistently after becoming a REIT in 2014. Investors currently receive $4.50 per year in payouts. This brings its dividend yield to just over 3.1%, higher than either AMT or SBAC stock. Thanks to the 5G buildout, these payouts should continue to grow for years to come. Essential Properties Realty Trust (EPRT)Source: Shutterstock Essential Properties Realty Trust (NYSE:EPRT) has only traded for a little over one year. However, this diversified REIT, which specializes in properties with one tenant, has already delivered huge returns for its investors. Restaurants, movie theaters and vet clinics are among the property types it owns.It debuted at $14 per share in June 2018. Although it saw little price action in 2018, its growth in 2019 has made it one of the best REITs to buy. After last Christmas, it began a steady rise which has now taken it north of $22 per share.But can that continue for EPRT stock?Quite possibly, yes. The move higher took its forward P/E ratio to about 34. That may seem elevated. However, with average profit growth estimated at 34.61% per year over the next five years, that multiple appears reasonable.EPRT stock pays 88 cents per share in dividends. Despite the run-up, that amounts to a yield of around 4%. As a young company, it has only made four quarterly dividend payments in its history. While that has shown no increase, the profit growth rate will force that payout to move higher. As long as that growth continues at its current pace, I think EPRT stock will continue its move higher. Innovative Industrial Properties (IIPR)Source: Shutterstock Innovative Industrial Properties (NYSE:IIPR) came about due to the emerging marijuana industry. This has created the need for spaces that provide ideal growing conditions for marijuana. This demand has gone ever higher due to hemp attaining legal status and cannabidiol (CBD) flying off store shelves.This company owns 21 properties specifically designed for producing cannabis. Over the last two years, IIPR stock has boomed. The yield of about 2.25% may look low by REIT standards; however, these payouts continue to rise. Two years ago, IIPR stock paid shareholders 15 cents per share in dividends every quarter. Now, the quarterly payout has increased to 60 cents per share.Furthermore, stock price appreciation has seen nearly as much growth. It traded below $20 per share in late 2017. Today it has risen to about $106 per share as of the time of this writing. Moreover, unlike most marijuana stocks now, it trades near its all-time high. * The 10 Best Marijuana Stocks to Buy Now To be sure, IIPR stock carries with it more risk. The forward P/E ratio has risen to 35.6. That comes in low for a cannabis stock, but high for a REIT. However, Wall Street forecasts earnings increases of 128% this year and 74.3% in fiscal 2020. As long as the cannabis industry continues to see massive growth, IIPR stock should follow suit. Omega Healthcare Investors (OHI)Source: Shutterstock Omega Healthcare (NYSE:OHI) should make REITs to buy lists for demographics as much as any company-related factor. All things healthcare continue to benefit from the fact that about 10,000 baby boomers per day age into Medicare. Between their growing need for healthcare and help to pay through Medicare, the demand for healthcare-related facilities continues to rise.Consequently, analysts project a 10% earnings increase for Omega this year. Over the next five years, they believe average profit growth will rise to 15.8%. This will significantly boost the dividend for OHI stock as it has in past years.That said, investors should treat this as an income stock. Admittedly, the stock price has seen little growth over the last five years. In August 2014, it traded near the $36 per share level. Today, OHI stock sells for just over $39 per share. Moreover, the forward P/E ratio of almost 23 does not make this REIT cheap.Still, the payout should more than compensate for these shortcomings. The current annual dividend stands at $2.64 per share, a yield of almost 6.75%. Over time, this payout tends to rise steadily. Although it has not increased since the beginning of 2018, the increasing profit should keep the payout moving higher. These profit increases and the demographic trend backing them up make OHI stock one of the better REITs to buy for the foreseeable future. Ryman Hospitality (RHP)Source: FlickrAlthough many may not recognize the Ryman Hospitality (NYSE:RHP) name, they do know its flagship property, Nashville's Gaylord Opryland Resort. They also own four other Gaylord resort properties spread across the country. The company also owns several entertainment venues in Nashville and two others outside of the area.Investors should place RHP stock on their REITs to buy list, not so much for its excitement, but a track record of mostly steady growth. The stock price has nearly doubled in value over the last five years. Shrinking profits likely contributed to a slight decline in RHP over the previous year.However, this may have given investors a buying opportunity. RHP stock trades at a forward P/E ratio of about 25.3, thanks to a temporary drop in annual profits. However, after this year, Wall Street predicts an average earnings growth rate of 15.51% for the next five years. * 7 Marijuana Penny Stocks That I May Buy Since its second REIT dividend payment in 2013, the payout has steadily increased. It now pays shareholders $3.60 per year for a yield of just over 4.3%. As the valuation falls and profits and dividends increase, long-term investors should continue to benefit from both a growth and an income standpoint. Safehold, Inc. (SAFE)Source: Shutterstock Safehold (NYSE:SAFE) has become one of the REITs to buy for its unique take on property ownership. It specializes in ground leases. They buy the property under the building, leasing it back to the building owner. This unlocks the value of the property under buildings, allowing property holders to hold less equity and push cash to use in other areas. The REIT has applied this strategy to multiple property types.Since launching their IPO in 2017, SAFE stock and its dividend initially struggled. Moreover, the dividend yield of about 2.1% has remained below REIT averages. However, the stock began to appreciate in 2019. Now trading at about $29 per share, SAFE has appreciated by about 80% since January. Also, the company raised the annual dividend by 2 cents per share in July.Those increases should continue. Wall Street also predicts profit growth for the next five years will average 42.6% per year. Furthermore, despite this massive growth, it still sells for a forward multiple of about 22.2. As long as SAFE stock can maintain this pace of profit growth, shareholders should benefit from not only the dividend but also a continually rising stock price.As of this writing, Will Healy did not hold a position in any of the aforementioned securities. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio appeared first on InvestorPlace.
Crown Castle (CCI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
HOUSTON, Aug. 08, 2019 -- Crown Castle International Corp. (NYSE: CCI) ("Crown Castle") announced today that its Board of Directors has declared a quarterly cash dividend of.
Mack Cali's Q2 performance indicates a slowdown in leasing activity at its office and residential portfolios as well as a year-on-year decline in revenues.
Host Hotels & Resorts' (HST) Q2 performance reflects a decline in occupancy and comparable hotel RevPAR, as well as impact of The Marriott transformational capital program.
Our high-dividend stocks just keep pressing higher -- and I'm still finding attractive opportunities out there. One of them is Crown Castle International (CCI), observes Mark Skousen, editor of High-Income Alert
Rating Action: Moody's upgrades Crown Castle's wireless tower-backed 2009 ABS notes. New York, August 05, 2019 -- Moody's Investors Service (Moody's) has upgraded one class of notes issued by Crown Castle Senior Secured Notes, Series 2009-1.