Union Bankshares Corp Raises Stake in Crown Castle International Corp. (REIT) (NYSE:CCI)

Union Bankshares Corp increased its holdings in Crown Castle International Corp. (REIT) (NYSE:CCI) by 10.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,793 shares of the real estate investment trust’s stock after acquiring an additional 3,574 shares during the quarter. Union Bankshares Corp’s holdings in Crown Castle International were worth $4,196,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Trustmark National Bank Trust Department grew its position in Crown Castle International by 0.6% in the 2nd quarter. Trustmark National Bank Trust Department now owns 9,885 shares of the real estate investment trust’s stock valued at $990,000 after buying an additional 63 shares during the last quarter. Gyroscope Capital Management Group LLC grew its position in Crown Castle International by 8.7% in the 2nd quarter. Gyroscope Capital Management Group LLC now owns 3,013 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 242 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Crown Castle International by 14.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,273 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 295 shares during the last quarter. Sigma Planning Corp grew its position in Crown Castle International by 10.3% in the 3rd quarter. Sigma Planning Corp now owns 4,994 shares of the real estate investment trust’s stock valued at $499,000 after buying an additional 467 shares during the last quarter. Finally, Bremer Trust National Association grew its position in Crown Castle International by 24.3% in the 3rd quarter. Bremer Trust National Association now owns 2,496 shares of the real estate investment trust’s stock valued at $250,000 after buying an additional 488 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Philip M. Kelley sold 10,551 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $113.09, for a total transaction of $1,193,212.59. Following the completion of the transaction, the vice president now owns 91,808 shares of the company’s stock, valued at approximately $10,382,566.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Crown Castle International Corp. (NYSE:CCI) traded up $1.75 during trading hours on Wednesday, hitting $105.32. The stock had a trading volume of 2,844,700 shares, compared to its average volume of 2,543,820. Crown Castle International Corp. has a fifty-two week low of $85.59 and a fifty-two week high of $114.97. The firm has a market cap of $42,790.00, a P/E ratio of 87.77, a PEG ratio of 1.27 and a beta of 0.23. The company has a quick ratio of 7.13, a current ratio of 7.13 and a debt-to-equity ratio of 1.19.

Crown Castle International (NYSE:CCI) last announced its earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.07). Crown Castle International had a net margin of 11.35% and a return on equity of 5.93%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm posted $1.09 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. equities analysts forecast that Crown Castle International Corp. will post 4.42 EPS for the current year.

Several equities research analysts have commented on CCI shares. Barclays boosted their target price on shares of Crown Castle International from $101.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of Crown Castle International from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Wells Fargo & Co boosted their target price on shares of Crown Castle International from $112.50 to $116.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. Macquarie restated a “buy” rating and set a $119.00 target price on shares of Crown Castle International in a research report on Sunday, October 22nd. Finally, Deutsche Bank boosted their target price on shares of Crown Castle International from $117.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $112.17.

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About Crown Castle International

Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests).

Institutional Ownership by Quarter for Crown Castle International (NYSE:CCI)

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