{"id":63377,"date":"2023-09-20T07:03:13","date_gmt":"2023-09-20T11:03:13","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/its-the-best-time-in-history-to-buy-american-tower-nyseamt\/"},"modified":"2023-09-20T07:03:17","modified_gmt":"2023-09-20T11:03:17","slug":"its-the-best-time-in-history-to-buy-american-tower-nyseamt","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=63377","title":{"rendered":"It’s The Best Time In History To Buy American Tower (NYSE:AMT)"},"content":{"rendered":"
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This article was coproduced with Dividend Sensei.<\/em><\/p>\n

During bear markets, bargains drop like raindrops in a monsoon.<\/p>\n

Many people don’t realize that the 2022 bear market never ended.<\/p>\n

Like Morgan Stanley predicted, the market came close to new record highs, creating a sense of complacency.<\/span><\/p>\n

But now, the realities of 5.25% of rate hikes are starting to work through the economy.<\/p>\n

We’re not just here to warn you when your brother’s index fund will likely take a tumble.<\/p>\n

We’re here to point out that it’s always and forever a market of stocks, not a stock market.<\/p>\n

The S&P is down 4.3% off its record highs. Yet did you know that real estate investment trusts, or REITs, are down 26%? Or that American Tower Corporation<\/b> (NYSE:AMT<\/span>) is down 37%?<\/p>\n

When you discover that a world-beater dividend blue-chip is down this much, it means two things. It’s either a great buying opportunity that comes along once every few years or it’s a sign the wheels have fallen off the bus.<\/span><\/p>\n

Brad Thomas considers American Tower one of his top five REIT picks right now.<\/p>\n

Let me show you why.<\/p>\n

Why REITS Are Suffering, And Wall Street Is Wrong<\/h2>\n

The market likes to focus on one metric at a time and pretend that metric is all that matters. Interest rates have been that metric for over a decade.<\/p>\n

Realty Income Corporation (O) is an excellent example of how interest rates are irrelevant to the profitability of a REIT.<\/p>\n

Even when interest rates were as high as 7% in the 1990s, Realty could generate consistent and healthy investment spreads.<\/p>\n

This is how all REITs work. Management borrows and sells shares to buy properties that it will rent out.<\/p>\n