American Tower Corp (AMT): Today's Featured Real Estate Laggard

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.

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 0.3%. By the end of trading, American Tower fell $1.18 (-1.7%) to $69.09 on average volume. Throughout the day, 3,921,352 shares of American Tower exchanged hands as compared to its average daily volume of 4,050,200 shares. The stock ranged in price between $69.00-$70.47 after having opened the day at $70.30 as compared to the previous trading day's close of $70.27. Other companies within the Real Estate industry that declined today were: InnSuites Hospitality ( IHT), down 26.5%, American Spectrum Realty ( AQQ), down 10.0%, Intergroup Corporation ( INTG), down 9.3% and Zillow ( Z), down 7.7%.

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 $28.0 billion and is part of the financial sector. Shares are down 9.1% year to date as of the close of trading on Tuesday. Currently there are 16 analysts that rate American Tower a buy, no analysts rate it a sell, and none 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Alexander & Baldwin ( ALEX), up 69.2%, Altis Resident ( RESI), up 29.3%, ZipRealty ( ZIPR), up 4.9% and Stratus Properties ( STRS), up 4.7% , 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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