American Tower: Don't Be Fooled By The Dividend Cut

Shutter2U Introduction On November 2, I wrote an article titled "Down 40% - 3.6%-Yielding American Tower Is A Deep-Value Opportunity."  Since then, shares have returned roughly 6%. It's a good start, but nothing compared to the 21% return of the S&P 500. Over the past ten years, AMT has returned 194%, lagging the S&P 500 by roughly 41 points. Most of this is due to the impact of rising rates and sticky inflation on the REIT sector. Data by YCharts The reason I'm writing this article is the fact that a l ...