#3 - American Tower (NYSE:AMT)
American Tower (NYSE: AMT) is one of the largest owners and developers of mobile communication towers and data center facilities. The company has been integral in the worldwide expansion of a 5G network.
AMT stock has delivered a total return of just 22.6% in the last five years. And much of that growth has come from the company’s dividend which has an average annualized return of over 12% in the last three years and currently pays out $6.48 per share annually.
But if you zoom out to 10 or 20 years, you see much more impressive annualized growth. Is that growth likely to return? Here’s why the company believes it will.
Most Americans take 5G connectivity for granted, but that’s not the case in every area. Mobile data demand is growing, and there is still an unmet need in the United States. And when you account for the company’s global footprint and the expansion of mobile data use in emerging markets, AMT will continue to generate consistent revenue in addition to having a long runway for growth.
About American Tower
American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
- Current Price
- $204.31
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $235.54 (15.3% Upside)
