#2 - American Tower (NYSE:AMT)
Real estate investment trusts (REITs) offer investors a conservative way to invest in real estate. REITs own and collect rent from the properties they own. This means that successfully investing in a REIT has a lot to do with what properties a REIT owns.
That brings us to American Tower (NYSE:AMT). The company’s portfolio consists mostly of cellular towers spread across 25 countries on six continents.
American Tower has been on investors’ radars for several years because of the necessity to build out the 5G infrastructure not just in the United States but around the world. The 5G buildout is expected to last for several years and American Tower has a wide moat. It shares the U.S. market with Crown Castle International (NYSE:CCI) and SBA Communicaions (NASDAQ:SBAC).
The AMT stock price has increased 48% over the last five years. And investors get a growing dividend that has a yield of 2.63% and an annual payout of $5.88 per share.
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
- $213.86
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $235.85 (10.3% Upside)
