5 Best REIT Dividend Stocks

1. American Tower Corporation (NYSE:AMT)

Number of Hedge Fund Holders: 61

American Tower Corporation (NYSE:AMT) operates and owns wireless and broadcast communications infrastructure around the world. The company offers a quarterly dividend of $1.56 per share for a dividend yield of 3%, as of April 18. It is one of the best dividend stocks on our list as it has grown its dividends for 11 years straight.

At the end of Q4 2022, 61 hedge funds tracked by Insider Monkey reported having stakes in American Tower Corporation (NYSE:AMT), worth nearly $3.4 billion collectively. With roughly 7 million shares, Akre Capital Management was the company’s leading stakeholder in Q4.

ClearBridge Investments mentioned American Tower Corporation (NYSE:AMT) in its Q4 2022 investor letter. Here is what the firm has to say:

“Real estate and communication services sectors generated positive returns but lagged others within the Russell 1000 Value Index. The Strategy benefited from its underweight in the real estate sector with American Tower Corporation (NYSE:AMT) as its only holding. REITs are generally perceived to be interest rate sensitive, which negatively impacted American Tower’s recent stock performance. However, we remain confident in the company’s highly durable and predictable business model, which is supported by long-term customer contracts and insatiable wireless data growth.”

You can also take a look at 10 Best Education Stocks To Buy In 2023 and 10 Best Telecom Dividend Stocks To Buy for 2023

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