Top 5 Beaten-Down REITs Ready for a Rotation Rally

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1. American Tower Corporation (NYSE:AMT)

Number of Hedge Fund Holders: 69

Year-To-Date Performance: -6.02%

Stock Upside: 27.27%

American Tower Corporation (NYSE:AMT) is one of the top beaten-down REITs ready for a rotation rally. On June 26, Goldman Sachs assumed coverage of American Tower Corporation (NYSE:AMT) with a Buy rating and a $215 price target.

Goldman called American Tower the leading global operator of tower assets. The firm based that view on American Tower’s balanced portfolio spread across the US, Europe, and emerging markets, plus its fast-growing data center business, CoreSite. Also, the analysts expect American Tower to post the steadiest growth among the tower operators Goldman covers. This is largely because geographic and business diversification helps smooth out swings from any single market.

According to Goldman, a key part of the bullish case ties back to the resolution of the EchoStar contract dispute, through which American Tower removed roughly 2% of its consolidated property revenue and about 4% of its US and Canada property revenue from its 2026 outlook. This effectively cleared away a major uncertainty that had been hanging over the stock, the firm stated.

With that overhang resolved, Goldman believes American Tower is well positioned to deliver mid-to-high-single-digit AFFO per share growth over the medium term. The growth will be supported by steady domestic leasing activity, faster-growing international operations, and an accelerating data center segment.

American Tower Corporation (NYSE:AMT) is a real estate investment trust. It is an independent owner, operator, and developer of multitenant communications real estate with a portfolio of over 149,000 communications sites and a highly interconnected footprint of US data center facilities.

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 the cheapest AI stock.

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