American Tower Corp (AMT): Today's Featured Real Estate Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model .
American Tower ( AMT) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole was unchanged today. By the end of trading, American Tower fell $1.15 (-1.5%) to $77.50 on average volume. Throughout the day, 2.1 million shares of American Tower exchanged hands as compared to its average daily volume of 2.4 million shares. The stock ranged in price between $77.36-$78.99 after having opened the day at $78.79 as compared to the previous trading day's close of $78.65. Other companies within the Real Estate industry that declined today were: Income Opportunity Realty Investors ( IOT), down 7.8%, Elbit Imaging ( EMITF), down 7.5%, ZipRealty ( ZIPR), down 6.5%, and Walker & Dunlop ( WD), down 6.3%.
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American Tower Corporation, a real estate investment trust, operates as a wireless and broadcast communications infrastructure company. It develops, owns, and operates communications sites. American Tower has a market cap of $31.16 billion and is part of the financial sector. The company has a P/E ratio of 49.3, above the S&P 500 P/E ratio of 17.7. Shares are up 1.8% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate American Tower a buy, no analysts rate it a sell, and two rate it a hold.
TheStreet Ratings rates American Tower as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full American Tower Ratings Report .
On the positive front, Altisource Residential Corporation ( RESI), up 33.8%, Homex Development ( HXM), up 13.6%, China HGS Real Estate ( HGSH), up 13.3%, and IFM Investments ( CTC), up 6.5%, were all gainers within the real estate industry with SL Green Realty Corporation ( SLG) being today's featured real estate industry leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate ( IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund ( REK).
- Find other investment ideas from our top rated ETFs lists.