American Tower Stock Rises 17.8% YTD: Too Late to Buy?

Shares of American Tower (AMT) have rallied 17.8% so far in the year, closing at $216.23 on Friday on the NYSE. The stock has outperformed the Zacks REIT and Equity Trust - Other industry and the S&P 500 composite as well as its close industry peer like SBA Communications Corporation (SBAC) .After facing setbacks in 2024 that impacted its growth rate and led to a pause in its dividend hikes for the year, this prominent independent owner, operator and developer of multitenant communications real estate delig ...