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Should You Buy American Tower Now or Wait?

·3-min read

Aside from being the largest real estate investment trust (REIT) by market capitalization, American Tower (NYSE: AMT) has been a tremendous wealth builder over the years, providing a nearly 15% annualized return for the past 20 years. The REIT, which owns, develops, and leases communications towers and data centers, is down just over 6% this year. Today's discounted price may leave investors to wonder if right now is a good time to buy American Tower or if it's better to wait.