12 Best REIT Stocks to Buy Now

9. Crown Castle Inc. (NYSE:CCI)

Number of Hedge Fund Holders: 34

Crown Castle Inc. (NYSE:CCI) serves as the largest provider of communications infrastructure in the United States. It has 30 years of experience owning and operating network assets. Crown Castle currently offers a nationwide footprint of towers, small cells, and fiber to help businesses and organizations connect to technologies and innovations.

Crown Castle Inc. (NYSE:CCI) has a comprehensive infrastructure portfolio comprising 40,000 cell towers, nearly 105,000 on-air or under-contract small cell nodes, and nearly 90,000 route miles of fiber. CCI has a presence in every major US market and is set to benefit from the long-term growth of US wireless data demand. The REIT is meant to offer the US wireless carriers with the prime real estate they require to run their networks. For emerging markets such as 5G, smart city technologies, and the Internet of Things which are to stay, the REIT’s infrastructure solutions are crucial.

Firms such as CCI boasting strong infrastructure assets are considered attractive targets amidst high merger activity in the fiber broadband sector. TPG is in advanced talks to buy the CCI’s fiber business for $8 billion according to people familiar with the matter. The potential sale would enable Crown Castle Inc. (NYSE:CCI) to focus on its core towers business.