Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day up 0.3%. By the end of trading, American Tower fell $1.06 (-1.3%) to $82.99 on average volume. Throughout the day, 2,579,529 shares of American Tower exchanged hands as compared to its average daily volume of 2,138,300 shares. The stock ranged in price between $82.92-$84.52 after having opened the day at $84.10 as compared to the previous trading day's close of $84.05. Other companies within the Real Estate industry that declined today were:
), down 9.7%,
), down 6.2%,
), down 5.8% and
), down 5.5%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
American Tower Corporation is a real estate investment trust. It invests in the real estate markets across the globe. The firm through its subsidiaries owns, operates and develops wireless and broadcast communications real estate. American Tower has a market cap of $33.4 billion and is part of the financial sector. Shares are up 5.3% year to date as of the close of trading on Friday. Currently there are 15 analysts that rate American Tower a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, increase in stock price during the past year and notable return on equity. 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,
), up 37.4%,
), up 6.3%,
), up 5.4% and
), up 5.4% , were all gainers within the real estate industry with
) being today's featured real estate industry leader.
- Use our real estate section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider
) while those bearish on the real estate industry could consider
- Find other investment ideas from our top rated ETFs lists.