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

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 higher today making it today's featured real estate winner. The industry as a whole closed the day up 0.9%. By the end of trading, American Tower rose $1.13 (1.4%) to $81.51 on average volume. Throughout the day, 2,017,313 shares of American Tower exchanged hands as compared to its average daily volume of 2,193,600 shares. The stock ranged in a price between $80.40-$81.59 after having opened the day at $80.48 as compared to the previous trading day's close of $80.38. Other companies within the Real Estate industry that increased today were: American Realty Investors ( ARL), up 23.1%, J.W. Mays ( MAYS), up 18.3%, Income Opportunity Realty Investors ( IOT), up 11.5% and Transcontinental Realty Investors ( TCI), up 11.2%.

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 $31.5 billion and is part of the financial sector. Shares are up 0.7% 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 American Tower as a buy. 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.

On the negative front, Gaming and Leisure Properties ( GLPI), down 18.8%, HMG/Courtland Properties ( HMG), down 5.3%, Geo Group ( GEO), down 5.2% and Corrections Corporation of America ( CXW), down 3.7% , were all laggards within the real estate industry with Realogy Holdings ( RLGY) being today's real estate industry laggard.

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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