5 Best Income Stocks To Buy According to Analysts

2. American Tower Corporation (NYSE:AMT)

Upside Potential as of February 17: 26.7%

American Tower Corporation (NYSE:AMT) is an American real estate investment trust and one of the largest owners and operators of wireless and broadcast communications infrastructure in the world. The company’s quarterly dividend comes in at $1.70 per share, which it raised by nearly 5% in December 2023. That was the company’s 13 consecutive annual dividend hike. With a dividend yield of 3.63% as of February 17, AMT is one of the best dividend stocks for income investors.

As of the end of the December quarter of 2023, 56 hedge funds owned stakes in American Tower Corporation (NYSE:AMT), compared with 60 in the previous quarter. The consolidated value of these stakes is over $3.23 billion. Among these hedge funds, Akre Capital Management was the company’s leading stakeholder in Q4.