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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 up 0.5%. By the end of trading, American Tower fell 85 cents (-1.1%) to $75.56 on average volume. Throughout the day, 2.7 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 $75.26-$76.13 after having opened the day at $75.80 as compared to the previous trading day's close of $76.41. Other companies within the Real Estate industry that declined today were: Doral Financial ( DRL), down 8.3%, Tree.com ( TREE), down 8.2%, Impac Mortgage Holdings ( IMH), down 5.4%, and Marlin Business Services ( MRLN), down 4.1%.

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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 $30.08 billion and is part of the financial sector. The company has a P/E ratio of 47.6, above the S&P 500 P/E ratio of 17.7. Shares are down 1.1% year to date as of the close of trading on Thursday. 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.

On the positive front, Altisource Residential Corporation ( RESI), up 33.9%, China HGS Real Estate ( HGSH), up 22.6%, American Realty Investors ( ARL), up 14.8%, and W. P. Carey ( WPC), up 7%, were all gainers within the real estate industry with Annaly Capital Management ( NLY) being today's featured real estate industry leader.

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).

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