5 Best Real Estate and Realty Stocks To Buy According To Hedge Funds

2. American Tower Corporation (NYSE:AMT)

Number of Hedge Fund Holders: 60

American Tower Corporation (NYSE:AMT) is a U.S.-based real estate investment trust that functions as a proprietor and overseer of wireless and broadcast communications infrastructure across numerous countries worldwide. Situated in Boston, Massachusetts, it achieved the 375th rank on the Fortune 500 list in 2022. As one of the most substantial global REITs, American Tower Corporation (NYSE: AMT) oversees a vast portfolio of approximately 223,000 communication assets worldwide. At present, the real estate company distributes a quarterly dividend of $1.62 per share, offering a yield of 4.06%.

As of June 2023, 60 hedge funds part of Insider Monkey’s database of 910 hedge funds were the firm’s investors. American Tower Corporation (NYSE:AMT)’s biggest hedge fund investor is Charles Akre’s Akre Capital Management through a stake worth $1.3 billion.

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