5 Best Real Estate and Realty Stocks to Buy According to Hedge Funds

4. Crown Castle Inc. (NYSE:CCI)

Number of Hedge Fund Holders: 43

Crown Castle Inc. (NYSE:CCI) is a real estate investment trust and provider of shared communications infrastructure in the United States. Its network includes over 40,000 cell towers and approximately 85,000 route miles of fiber supporting small cells and fiber solutions. Crown Castle Inc. (NYSE:CCI) currently pays a quarterly dividend of $1.565 per share and has a dividend yield of 5.49%, as of June 1. The company has been raising its dividends consistently for the past eight years.

By the end of 2023’s first quarter, 43 of the 943 hedge funds part of Insider Monkey’s database had invested in the REIT. Crown Castle Inc. (NYSE:CCI)’s largest investor is the Bill & Melinda Gates Foundation Trust, with stakes valued at $190 million.