5 Best REIT Stocks To Buy Right Now

3. Crown Castle Inc. (NYSE:CCI)

Number of Hedge Fund Holders: 45

Crown Castle Inc. (NYSE:CCI) possesses, manages, and leases over 40,000 cell towers and roughly 85,000 miles of fiber optic infrastructure, supporting small cells and fiber solutions across major U.S. regions. This network of communication infrastructure links cities and neighborhoods, providing crucial data, technology, and wireless connectivity. On October 18, Crown Castle Inc. (NYSE:CCI) declared a $1.565 per share quarterly dividend, in-line with previous. The dividend is to be paid on December 29 to shareholders of record as of December 15.

According to Insider Monkey’s third quarter database, 45 hedge funds were bullish on Crown Castle Inc. (NYSE:CCI). This number increased from the last quarter when 41 funds had invested in the stock. Ken Fisher’s Fisher Asset Management is the leading position holder in the company, with over 3.9 million shares worth $360.26 million.

Carillon Eagle Growth & Income Fund made the following comment about Crown Castle Inc. (NYSE:CCI) in its Q2 2023 investor letter:

“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.”