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 closed the day down 1.5%. By the end of trading, American Tower fell 86 cents (-1.1%) to $73.66 on heavy volume. Throughout the day, 3.6 million shares of American Tower exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in price between $73.66-$75.69 after having opened the day at $74.84 as compared to the previous trading day's close of $74.52. Other companies within the Real Estate industry that declined today were: Elbit Imaging (EMITF), down 25.3%, CommonWealth REIT (CWH), down 12.1%, American Spectrum Realty (AQQ), down 8.7%, and Income Opportunity Realty Investors (IOT), down 7.7%.
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