Union Bankshares Corp boosted its holdings in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,728 shares of the real estate investment trust’s stock after acquiring an additional 1,418 shares during the period. Union Bankshares Corp’s holdings in CROWN CASTLE IN/SH SH were worth $4,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Bbva Compass Bancshares Inc. bought a new position in CROWN CASTLE IN/SH SH during the 3rd quarter worth about $160,000. IFG Advisory LLC bought a new position in CROWN CASTLE IN/SH SH during the 3rd quarter worth about $213,000. Ninepoint Partners LP bought a new position in CROWN CASTLE IN/SH SH during the 3rd quarter worth about $204,000. Stratos Wealth Partners LTD. bought a new stake in shares of CROWN CASTLE IN/SH SH in the 3rd quarter valued at about $212,000. Finally, We Are One Seven LLC bought a new stake in shares of CROWN CASTLE IN/SH SH in the 3rd quarter valued at about $213,000. Institutional investors own 93.95% of the company’s stock.

A number of analysts have recently weighed in on CCI shares. ValuEngine upgraded shares of CROWN CASTLE IN/SH SH from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. UBS Group set a $120.00 price target on shares of CROWN CASTLE IN/SH SH and gave the company a “buy” rating in a report on Friday, September 28th. TheStreet cut shares of CROWN CASTLE IN/SH SH from a “b” rating to a “c+” rating in a report on Wednesday, October 17th. Barclays raised their price target on shares of CROWN CASTLE IN/SH SH from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Friday, October 19th. Finally, Goldman Sachs Group cut shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $110.00 price target on the stock. in a report on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. CROWN CASTLE IN/SH SH currently has an average rating of “Hold” and a consensus price target of $118.36.

CCI stock traded down $0.98 during trading on Monday, reaching $106.40. The company had a trading volume of 9,093 shares, compared to its average volume of 2,207,750. The stock has a market capitalization of $43.84 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.22 and a beta of 0.42. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.33. CROWN CASTLE IN/SH SH has a twelve month low of $98.85 and a twelve month high of $117.60.

CROWN CASTLE IN/SH SH (NYSE:CCI) last released its earnings results on Wednesday, October 17th. The real estate investment trust reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.35 billion. CROWN CASTLE IN/SH SH had a net margin of 10.07% and a return on equity of 4.22%. CROWN CASTLE IN/SH SH’s revenue for the quarter was up 29.4% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. On average, equities research analysts expect that CROWN CASTLE IN/SH SH will post 5.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Friday, December 14th were paid a $1.125 dividend. The ex-dividend date was Thursday, December 13th. This is a boost from CROWN CASTLE IN/SH SH’s previous quarterly dividend of $1.05. This represents a $4.50 dividend on an annualized basis and a yield of 4.23%. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is 92.78%.

In related news, Director Langenfeld Cynthia K. Christy bought 900 shares of the stock in a transaction that occurred on Monday, October 22nd. The stock was bought at an average cost of $106.19 per share, for a total transaction of $95,571.00. Following the purchase, the director now directly owns 25,424 shares of the company’s stock, valued at $2,699,774.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is owned by company insiders.

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CROWN CASTLE IN/SH SH Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 65,000 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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Institutional Ownership by Quarter for CROWN CASTLE IN/SH SH (NYSE:CCI)

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