2024-03-26 13:30:41 ET
Summary
- American Tower Corporation investors saw a sequential reduction in quarterly dividends recently.
- Despite that, dip-buyers have returned, potentially helping AMT to bottom out.
- American Tower's 5G investment cycle growth is expected to decelerate.
- Despite that, American Tower Corporation remains relatively undervalued compared to its 10Y average.
- I explain why American Tower Corporation stock has stuck its long-term bottom, providing a golden opportunity for buyers to load up more shares.
Multitenant communications operator American Tower Corporation ( AMT ) stock has underperformed the S&P 500 ( SP500 , SPX , SPY ) significantly since my previous article in July 2023. I assessed that AMT seemed too depressed then. However, the telco tower real estate investment trust, or REIT, stock saw further selling pressure before buyers returned in October 2023, as AMT reached peak selling pessimism. As a real estate sector ( XLRE , VNQ ) constituent, it was inevitable that the market de-rated AMT as short-term interest rates surged above the 5% mark in October 2023....
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For further details see:
American Tower Stock: Capitalize On The Misunderstood Dividend Cut