American Tower: An Undervalued Income Play
AMTAmerican Tower(AMT) Seeking Alpha·2024-02-08 22:48

Bill Oxford American Tower (NYSE:AMT) currently offers a discounted valuation compared to its history and has a sustainable dividend, making it an interesting play within the REIT sector. As I’ve covered in a previous article, American Tower is a good long-term income investment due to strong fundamentals and a sustainable dividend. However, its relatively weak growth prospects have been a drag on its share price performance, and since my previous article its shares are up by ~5%, clearly underperforming th ...