This Massive Dividend Stock Is Down 30% -- Should You Buy the Dip or Stay Away?

By Matt Frankel and Tyler Crowe – Sep 10, 2023 at 6:34AM

NYSE: AMT

American Tower

Market Cap

$80B

Today's Change

(-0.70%) -$1.21

Current Price

$171.69

Price as of April 26, 2024, 4:00 p.m. ET

One of the largest real estate companies in the world has performed terribly, but is it a buy?

American Tower (AMT -0.70%) is one of the largest real estate companies in the world, and, like many REITs, it has been beaten down recently. In this video, Fool.com contributor Tyler Crowe shares his thoughts on why American Tower is down and whether it's a buy right now.

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

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