|Last Price$102.10||Day Change (%)1.38%|
|Open Price$101.67||Day Change ($)1.39|
|Day Range101.08–102.12||52-Week Range75.65–102.12|
As of Fri 11/21/2014 05:00 PM EST | USD
American Tower Corporation Announces Agreement to Acquire TIM Tower Portfolio in Brazil
American Tower to Buy Tim Celular Brazil Towers for About $1.2 Billion
American Tower Corporation to Present at the Wells Fargo 2014 Technology, Media and Telecom Conference
Some investors are concerned about the firm's expanding footprint, but emerging-market assets are driving ROIC outperformance.
REIT prices reset with rising interest rates.
Our favorites can do well even with potentially higher interest rates.
U.S. REITs appear somewhat overvalued as a group, but we see some opportunities in the health-care, retail, and cell tower sectors.
As enterprises allocate spending toward data analytics, we see increasing complexity leading to opportunities for legacy technology providers and services firms.
Rising interest rates can be a valuation headwind for the REIT sector, but some REITs are better positioned than others, says Morningstar's Todd Lukasik.
Current valuation levels imply mediocre total returns and an elevated risk of a material drawdown.