Crown Castle International Corp vs Materials Select Sector SPDR Fund — how do they compare? Crown Castle International Corp trades at $73.39 (market cap $31.33B), while Materials Select Sector SPDR Fund trades at $53.25. The key difference: Crown Castle International Corp pays a 5.77% dividend while Materials Select Sector SPDR Fund pays none, and Materials Select Sector SPDR Fund is trading nearer its 52-week high, Crown Castle International Corp nearer its low. Which is the better fit depends on your goals.
| CCI | XLB | |
|---|---|---|
Market Cap | $31.33B | — |
Sector | Real Estate | — |
52-Week High | $103.79 | $53.62 |
52-Week Low | $73.61 | $42.23 |
Enterprise Value | $53.69B | — |
Dividend Yield | 5.77% | — |
Trailing returns across standard periods
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with more than 70% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.
Read more on CCI →In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: chemicals; metals and mining; paper and forest products; containers and packaging; and construction materials. The fund is non-diversified.
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