12 Best Real Estate and Realty Stocks To Buy Now

1. American Tower Corporation (NYSE:AMT)

Number of Hedge Fund Holders: 73

American Tower Corporation (NYSE:AMT) is one of the largest global real estate investment trusts founded in 1995 as an American Radio subsidiary. The firm offers services and solutions to deploy and support wireless networks in 24 countries. It has a leading portfolio of independently owned US and international tower real estate and a network of data centers in the US. AMT’s customers include mobile network operators, multinational telecommunications companies, media and broadband providers, and government agencies.

Although the stock has declined 15.51% over the past year, it is a long-term investment as it continues to benefit significantly from the ongoing exponential growth in mobile data consumption and the strong underlying demand for its portfolio of communications assets thereby making AMT well-positioned to drive strong sustained growth and shareholder returns.

The firm is making solid progress as carrier rollouts of 5G coverage are driving robust activity levels in America and Europe while emerging markets like those in Africa are witnessing healthy pipelines of new business driven by network upgrades and coverage expansion. The robust underlying growth counters the issues facing AMT such as its third quarter’s total revenue growing by less than 0.1%. This was due to the sale of its operations in India to an affiliate of Brookfield Asset Management.

While we acknowledge the potential of AMT as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued AI stock that is more promising than AMT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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