5 Best Infrastructure Stocks to Buy Now

4. Crown Castle Inc. (NYSE:CCI)

Number of Hedge Fund Holders: 45  

Crown Castle Inc. (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 US market. On November 7, investment advisory Barclays maintained an Equal Weight rating on Crown Castle Inc. (NYSE:CCI) stock and lowered the price target to $111 from $116, noting that earnings for communication infrastructure coverage were largely in-line with expectations. 

Among the hedge funds being tracked by Insider Monkey, Camas, Texas-based investment firm Fisher Asset Management is a leading shareholder in Crown Castle Inc. (NYSE:CCI) with 3.9 million shares worth more than $360 million. 

In its Q2 2023 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and Crown Castle Inc. (NYSE:CCI) was one of them. Here is what the fund said:

“Crown Castle Inc. (NYSE:CCI) detracted from performance as telecom companies have temporarily slowed their deployment of additional cellular spectrum. This slowdown could impair future growth for cell tower companies.”