#3 - American Tower (NYSE:AMT)
The case for American Tower (NYSE: AMT) comes down to the continued buildout of high-speed internet throughout the country. The company's portfolio is narrowly focused on 225,000 communications sites, including an interconnected footprint of data center facilities.
American Tower fits into the real estate investment trusts (REITs) category. REITs operate and maintain commercial and residential properties. They are attractive to dividend investors because they must pay out a regular dividend to investors. That can come at the expense of stock price growth.
However, American Tower fits into the category of specialty REITs. Specifically, the company's focus on data centers makes it an attractive investment. The company is projected to increase earnings by 5%. However, the American Tower analyst ratings on MarketBeat give AMT stock a Moderate Buy rating and anticipate an 18.4% increase in the stock price.
Plus, as to the aforementioned dividend. American Tower has a yield of 3.62%, has increased its dividend for 12 consecutive years, and pays out $6.80 per share annually.
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
- $175.49
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 9 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $233.67 (33.2% Upside)
