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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 down 0.6%. By the end of trading, American Tower fell $1.07 (-1.3%) to $83.56 on average volume. Throughout the day, 1,679,161 shares of American Tower exchanged hands as compared to its average daily volume of 2,237,100 shares. The stock ranged in price between $83.33-$84.77 after having opened the day at $84.70 as compared to the previous trading day's close of $84.63. Other companies within the Real Estate industry that declined today were: Doral Financial (DRL), down 9.0%, Elbit Imaging (EMITF), down 8.2%, CommonWealth REIT (CWH), down 6.1% and HMG/Courtland Properties (HMG), down 5.6%.

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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 $33.0 billion and is part of the technology sector. The company has a P/E ratio of 56.5, above the S&P 500 P/E ratio of 17.7. Shares are up 9.5% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate American Tower a buy, no analysts rate it a sell, and 1 rates 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, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Capital (CT), down 10.8%, Blackstone Mortgate (BXMT), down 10.8%, Walter Investment Management (WAC), down 6.8% and BRT Realty (BRT), down 6.3% , were all gainers within the real estate industry with Nationstar Mortgage Holdings (NSM) 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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