172.16 +0.08 (0.05%)
After hours: 5:30PM EDT
Triple Moving Average Crossover
|Bid||172.19 x 800|
|Ask||174.00 x 1200|
|Day's Range||166.56 - 172.42|
|52 Week Range||114.18 - 172.42|
|Beta (5Y Monthly)||0.35|
|PE Ratio (TTM)||97.27|
|Earnings Date||Jul 29, 2020|
|Forward Dividend & Yield||4.80 (2.84%)|
|Ex-Dividend Date||Jun 11, 2020|
|1y Target Est||167.42|
The real estate sector has, simply put, been a loser in 2020.Real estate investment trusts (REITs), which own and operate various types of properties and facilities, are off nearly 11% versus a 6% decline for the S&P; 500\. But there's a world of difference separating the sector's best REITs and its worst.Much of the pain in real estate has come courtesy of retail-focused companies, many of which have lost more than 50% of their value as investors correctly surmised that stay-at-home orders would minimize shopping trips and curtail customer spending. Office REITs have experienced outsized struggles, too, as shuttered businesses are unable to pay rents, and as large-scale work-from-home strategies have investors rethinking the future of office space.Not every REIT sector has been equally affected, however. Some REITs are riding out the pandemic shutdowns relatively unscathed - and some are even benefiting from the recent sea changes.However, while defensive business models are an important characteristic to have when determining REITs to buy, other qualities should be considered, too. Solid balance sheets are a must. Conservative payouts, which leave room for dividends to be easily covered in the event of a shock, and raised in the future when all is well, are ideal, too.Here are nine of the best REITs to buy not just for their durable businesses, but also their financial strength and dividend coverage. SEE ALSO: 25 Dividend Stocks the Analysts Love the Most
The real estate sector includes companies that own, develop, and manage residential, commercial, and industrial properties. Each of these three real estate segments includes publicly traded real estate investment trusts (REITs).
The key characteristics of companies that can stand the test of time include a long runway for growth, a dominant market position, and a large and untapped addressable market. Amazon clocked up net sales of $75.5 billion during the previous quarter, up 26.6% year over year, while generating trailing twelve-month free cash flow of $24.3 billion. Amazon's dominance should allow it to continue to grow over the long term, as more countries industrialize and more consumers switch to e-commerce.
Oppenheimer upgraded shares of American Tower REIT and Crown Castle International to Outperform recently, citing long-term growth potential and attractive valuations.
While the coronavirus has caused uncertainty and sparked recessionary fears, temporarily slowing new network builds, tower growth appears set to reaccelerate, according to Oppenheimer.The American Tower, Crown Castle Analyst Timothy Horan upgraded American Tower Corp (NYSE: AMT) and Crown Castle International Corp (NYSE: CCI) from Perform to Outperform and set price targets of $270 and $175, respectively.The American Tower, Crown Castle Thesis American Tower and Crown Castle are both witnessing strong and accelerating demand from carriers, with mobile broadband becoming more important than ever, Horan said in the Friday upgrade note. (See his track record here.)The analyst expects a solid rebound in tower activity from T-Mobile US, Inc. (NASDAQ: TMUS) this year, buildouts by DISH Network Corp (NASDAQ: DISH), strong spend by Verizon Communications Inc. (NYSE: VZ) and rural fixed wireless boosted by government subsidies.Massive spectrum auctions scheduled for the back half of 2020 are also positives, he said.Oppenheimer projects that tower volume growth will accelerate from 4% in 2019 to 9% within two years from small cell strength."Various channel checks on 5G builds this week confirm our optimism, as the industry's wireless operators are seeing fixed wireless/enterprise use cases," Horan said. The analyst expressed optimism regarding the U.S. wireless services addressable market doubling to $150 billion.AMT, CCI Price Action American Tower shares were up 5.36% at $240.38 at the time of publication, while Crown Castle shares were 3.19% higher at $155.64. Related Links: Barron's Picks And Pans: Boyd Gaming, Domino's Pizza, Exxon And MoreStocks That Hit 52-Week Highs On ThursdayLatest Ratings for AMT DateFirmActionFromTo May 2020OppenheimerUpgradesPerformOutperform Apr 2020Credit SuisseMaintainsOutperform Apr 2020Credit SuisseInitiates Coverage OnOutperform View More Analyst Ratings for AMT View the Latest Analyst Ratings See more from Benzinga * BofA Downgrades Closed-End REITs On Distribution Risks * MGM Resorts International Could Take 4-6 Years To Recover, BofA Says In Downgrade * BofA Downgrades Pinduoduo On Monetization Concerns(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Crown Castle International Corp. New York, May 22, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Crown Castle International Corp. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
In the latest trading session, Crown Castle (CCI) closed at $150.83, marking a -1% move from the previous day.
HOUSTON, May 21, 2020 -- Crown Castle International Corp. (NYSE: CCI) ("Crown Castle") announced today that Dan Schlanger, Crown Castle’s Executive Vice President and Chief.
The mix of retirement income sources has changed dramatically over the years. Not too terribly long ago, employer pensions supplied much of an individual's needed income after their working years had ended.
HOUSTON, May 14, 2020 -- Crown Castle International Corp. (NYSE: CCI) ("Crown Castle") announced today that its Board of Directors has declared a quarterly cash dividend of.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Crown Castle International Corp. (REIT) (NYSE:CCI) owns, operates and leases more than 40,000 cell towers and approximately 80,000 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 […]
With me on the call this morning are Jay Brown, Crown Castle's Chief Executive Officer; and Dan Schlanger, Crown Castle's Chief Financial Officer. As you saw from our press release, we delivered another quarter of positive results and maintained our guidance for 2020 growth in AFFO per share of 7% to 8% consistent with our long-term growth expectations.
Crown Castle (CCI) delivered FFO and revenue surprises of -4.70% and -2.05%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
HOUSTON, April 29, 2020 -- Crown Castle International Corp. (NYSE: CCI) ("Crown Castle") today reported results for the first quarter ended March 31, 2020 and maintained its.
The build-out of data centers and 5G technology stands in contrast to the retreating retail and commercial real estate markets.
Since performance of REITs depends on the underlying asset categories and location of properties, not all companies suffered setbacks despite the pandemic disrupting the second half of Q1.
Los Angeles, California--(Newsfile Corp. - April 27, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Crown Castle International Corp. ("Crown Castle" or "the Company") (NYSE: CCI) (NYSE: CCI.PA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between February 26, 2018 and ...
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. A class action lawsuit has already been filed.
LOS ANGELES, CA / ACCESSWIRE / April 27, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Crown Castle International Corp. ("Crown Castle" or "the Company") (NYSE:CCI)(NYSE:CCI-PA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between February 26, 2018 and February 26, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before April 27, 2020.
NEW YORK, April 27, 2020 -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Crown Castle International Corp. (NYSE: CCI, CCI-PA).
MONDAY DEADLINE NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Crown Castle International Corp.
During Thursday night's Lightning Round segment of Mad Money, one caller asked Jim Cramer about Crown Castle International Corp. . The On-Balance-Volume (OBV) line is interesting in that while it has only been steady since the middle of March it also did not decline all that much from February. The weekly OBV line is at a new high for the move up and is definitely more bullish than the daily line.