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 higher today making it today's featured real estate winner. The industry as a whole closed the day up 0.1%. By the end of trading, American Tower rose $1.03 (1.3%) to $78.03 on average volume. Throughout the day, 2,229,525 shares of American Tower exchanged hands as compared to its average daily volume of 2,666,600 shares. The stock ranged in a price between $76.93-$78.49 after having opened the day at $76.95 as compared to the previous trading day's close of $77.00. Other companies within the Real Estate industry that increased today were:
), up 15.4%,
), up 8.1%,
), up 7.4% and
), up 6.0%.
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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 $30.5 billion and is part of the financial sector. The company has a P/E ratio of 52.6, above the S&P 500 P/E ratio of 17.7. Shares are up 0.0% year to date as of the close of trading on Monday. Currently there are 14 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, increase in stock price during the past year, expanding profit margins and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full American Tower Ratings Report.
On the negative front,
), down 6.4%,
), down 4.8%,
), down 4.6% and
), down 3.3% , were all laggards within the real estate industry with
) being today's real estate industry laggard.
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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
) while those bearish on the real estate industry could consider
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