Why You’re Smart to Buy American Tower
As an investor, you should constantly observe interesting business trends. Some last for years, allowing companies and industries to flourish. Current hot growth trends include artificial intelligence, the Internet of Things, 5G communications, and telemedicine. For users of smartphones and handheld devices, 5G is probably the next big wave to watch, as it signals faster download speeds, greater connectivity, and significantly reduced lag.
American Tower (NYSE: AMT) is a direct proxy to the growth of the 5G industry, as the communication tower operator owns a portfolio of approximately 18,000 communication sites. The company is structured as a real estate investment trust (REIT) and thus has to pay out at least 90% of its annual taxable income to qualify for tax incentives. Investors can enjoy a mix of growth and income from owning a piece of the company.
Here are some reasons why purchasing shares of American Tower looks like a great move.
Source Fool.com
