Top 5 Stock Picks of Charles Paquelet’s Skylands Capital

3. Crown Castle International Corp. (NYSE:CCI)

Skylands Capital’s Stake Value: $47.5 million
Percentage of Skylands Capital’s 13F Portfolio: 5.87%
Number of Hedge Fund Holders: 42

Crown Castle International Corp. (NYSE:CCI) is a real estate investment trust (REIT) that provides shared communications infrastructure in the United States. Its network includes over 40,000 cell towers and nearly 80,000 route miles of fiber supporting cells.

On October 21, Deutsche Bank analyst Matthew Niknam reiterated a Buy rating on the shares of Crown Castle International Corp. (NYSE:CCI), alongside a $175 price target.

As of Q2 2021, 42 hedge funds tracked by Insider Monkey have positions in Crown Castle International Corp. (NYSE:CCI), compared with 43 in the previous quarter. Skylands Capital reported holding 274,500 shares in the company at the end of the third quarter of 2021. These shares amount to more than $47.5 million and represent 5.87% of the investment firm’s portfolio.

ClearBridge Investments mentioned Crown Castle International Corp. (REIT) (NYSE:CCI) in its Q2 2021 investor letter. Here is what the firm has to say:

“Turning to the U.S., U.S. communications company Crown Castle was one of the lead performers. Crown Castle is the leading independent owner and operator of wireless communications infrastructure in the U.S. with a portfolio of approximately 40,000 towers. Crown Castle performed well after the U.S. network operators announced plans to deploy 5G spectrum, with investment much larger and much sooner than the market was anticipating.”