Down 17%, Is American Tower Stock Still a Buy?
American Tower (NYSE: AMT) has been a standout performer over the years. Since converting to a real estate investment trust (REIT) in 2012, it has produced a nearly 17% annualized total return. That has outperformed the broader market, with the S&P 500 delivering a 14.8% annualized total return during that timeframe.
However, the past few months have been a different story. Shares of the infrastructure REIT have slumped 17% from their recent high. Here's a look at whether that sell-off is a great buying opportunity for this REIT.
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Source Fool.com
