5 Best Real Estate Stocks for 2021

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1. American Tower Corporation (NYSE: AMT)

Number of Hedge Fund Holders: 55

American Tower Corporation (NYSE: AMT) is a real estate investment trust that operates wireless and broadcast communications infrastructure globally. It is one of the best real estate stocks for those interested in 5G technology investments. American Tower Corporation (NYSE: AMT) has over 214,000 communication sites and is headquartered in Boston, U.S.

In Q2 2021, American Tower Corporation (NYSE: AMT) reported an FFO of $2.42, beating the market consensus by $0.12. The consolidated revenue of $2.3 billion presented a 20.4% year-over-year increase. American Tower Corporation (NYSE: AMT) also reported a 17.9% year-over-year growth in property revenue, which accounted for $2.23 billion of the gross revenue. Recently, Argus observed the importance of the company’s wireless towers for media and telecom tenants due to the growth in 5G technology. The firm lifted its price target on American Tower Corporation (NYSE: AMT) to $300, with a ‘Buy’ rating on the shares. Since the beginning of the year, American Tower Corporation (NYSE: AMT) has delivered a 31.6% return, while its 12-month returns are up by 16.7%.

Of the 873 hedge funds tracked by Insider Monkey, 55 funds have positions in American Tower Corporation (NYSE: AMT) as of Q2 2021, worth over $4.72 billion.

Richie Capital Group LLC published its Q4 2020 investor letter and mentioned American Tower Corporation (NYSE: AMT) in it. Here is what the firm has to say:

American Tower (AMT – Down 9.15%) – The largest operator of wireless towers has faced challenges in the form of customer churn at one of their largest customers: Sprint/T-Mobile. However, the company remains well positioned as carriers domestically and internationally transition to 5G which will require a densification of their networks.”

You can also take a look at Top 10 Real Estate Billionaires In The World and 10 Real Estate Dividend Stocks to Buy in August 2021

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