12 Best REIT Dividend Stocks to Buy Now

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1. American Tower Corporation (NYSE:AMT)

Number of Hedge Fund Holders: 70

American Tower Corporation (NYSE:AMT) owns, acquires, and develops communications real estate assets, including cell towers and data centers, in domestic and foreign markets. The company’s primary business is leasing space on its properties to wireless carriers and enterprise customers. One of the best dividend stocks in the REIT industry, American Tower has increased its dividend for 13 years in a row. It pays a quarterly dividend of $1.70 per share, yielding 3.52% as of October 1.

American Tower Corporation (NYSE:AMT) specializes in owning and operating the land, buildings, and tower locations necessary for mobile networks and internet infrastructure. In addition, it builds fiber-optic networks connecting 5G small cell locations to the wider internet— an increasingly vital service as both consumers and businesses become more dependent on mobile connectivity for internet access.

While we acknowledge the potential of AMT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Best Dividend Aristocrat Stocks to Invest in Right Now and 10 Highest Dividend-Paying Stocks to Buy in the S&P 500.

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