- Tower stocks and data center REITs have previously been selling at major discounts almost two months ago.
- My clients and I used the opportunity to add to existing positions in AMT, CONE, DLR, and EQIX.
- In recent months we have seen a lot of analyst updates getting bullish on tower stocks and data center REITs.
- The 5G spectrum auction resulted in a record $80.9 billion in bids, which is a great indicator for future infrastructure spending when it comes to tower stocks.
- With a yield of less than 3%, it may seem like a bad time to initiate a position, but after a strong earnings beat, we don't see the stock getting any less expensive.
For further details see:
Crown Castle: The Discount Is Gone But There Is A Case To Make For Buying Shares