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 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: E-House China Holdings ( EJ), down 9.7%, China Housing & Land Development ( CHLN), down 6.2%, Desarrolladora Homex SAB de CV ADR ( HXM), down 5.8% and Gladstone Land ( LAND), down 5.5%.

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 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 positive front, Elbit Imaging ( EMITF), up 37.4%, Texas Pacific Land ( TPL), up 6.3%, Consolidated-Tomoka Land ( CTO), up 5.4% and Columbia Property ( CXP), up 5.4% , were all gainers within the real estate industry with Digital Realty ( DLR) 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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