5 Best Infrastructure Stocks To Buy Now

1. Crown Castle Inc. (NYSE:CCI)

Number of Hedge Fund Holders: 48

Crown Castle Inc. (NYSE:CCI) operates and leases cell towers across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology, and wireless services. On October 20, Crown Castle Inc. (NYSE:CCI) declared a $1.565 per share quarterly dividend, a 6.5% increase from its prior dividend of $1.470. The dividend is payable on December 30, to shareholders of record on December 15. Crown Castle Inc. (NYSE:CCI)’s dividend yield on November 1 came in at 4.70%. It is one of the best infrastructure stocks to invest in.

On October 26, RBC Capital analyst Jonathan Atkin maintained an Outperform rating on Crown Castle Inc. (NYSE:CCI) but lowered the price target on the shares to $150 from $202. The company’s Q3 results were in-line, and the analyst set a more conservative target multiple given the macroeconomic environment. Crown Castle Inc. (NYSE:CCI) and towers overall are still well positioned to recover once the macro and financing conditions become stable, the analyst added.

According to Insider Monkey’s data, Crown Castle Inc. (NYSE:CCI) was part of 48 hedge fund portfolios at the end of June 2022, compared to 50 funds in the last quarter. Ken Fisher’s Fisher Asset Management is the largest stakeholder of the company, with 2.8 million shares worth $485.8 million. 

Here is what ClearBridge Investments Global Infrastructure Income Strategy has to say about Crown Castle International Corp. (NYSE:CCI) in its Q1 2022 investor letter:

“U.S. communications company Crown Castle International (NYSE:CCI) was the largest detractor from quarterly performance. 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. The stock underperformed as, driven by rising interest rates, investors rotated away from defensive into more value-oriented sectors. Communications infrastructure remains attractive, however, as companies continue to deploy greater capital spend to support the strong tailwinds from 5G.”

You can also take a look at Best Housing Stocks To Buy and Best Stocks For Beginners with Little Money. 

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