Why Is American Tower Down in 2023 When Other REITs Are Up?

By Matt Frankel and Tyler Crowe – Mar 9, 2023 at 6:22AM

NYSE: AMT

American Tower

Market Cap

$81B

Today's Change

(-0.16%) -$0.28

Current Price

$172.62

Price as of April 26, 2024, 11:54 a.m. ET

The leading communications REIT is significantly underperforming its peers so far.

Leading communications REIT American Tower (AMT -0.16%) has significantly underperformed both the real estate sector and the S&P 500 so far in 2023. In this video, Fool.com contributors Tyler Crowe and Matt Frankel, CFP®, discuss why the stock might be lagging behind its peers.

*Stock prices used were the midday prices of March 7, 2023. The video was published on March 8, 2023.

Matthew Frankel, CFP® has no position in any of the stocks mentioned. Tyler Crowe has positions in American Tower and Crown Castle. The Motley Fool has positions in and recommends American Tower and Crown Castle. The Motley Fool has a disclosure policy.

Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.