American Tower
This wireless tower company is a top pick on Wall Street and an acknowledged industry leader. American Tower Corp. (NYSE: AMT) is one of the largest global owners and operators of wireless and broadcast communications towers.
Its portfolio includes approximately 219,000 sites in the United States, Latin America, India, Europe, and Africa. The core business for the company is leasing space on its wireless towers, primarily to wireless carriers, government agencies and broadband data providers.
On a multiple basis, its shares trade cheaper than the competition, and many top analysts around Wall Street feel the growth potential for the company remains among the best in the industry.
Investors receive a 3.13% dividend. Deutsche Bank has a $245 target price on American Tower stock. The consensus target is $242.20, and shares closed on Tuesday at $196.13.
Digital Realty Trust
This company is the gold standard in its sector and offers investors big upside potential. Digital Realty Trust Inc. (NYSE: DLR) is the largest wholesale data center REIT, with a strong position in most major markets, especially Northern Virginia.
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL, the company’s global data center platform, provides customers with a secure data “meeting place” and a proven Pervasive Data Center Architecture solution methodology for powering innovation and efficiently managing data gravity challenges.
Digital Realty gives its customers access to the connected communities that matter to them with a global data center footprint of more than 300 facilities in over 50 metros across 28 countries on six continents.
Digital Realty Trust stock investors receive a 4.92% dividend. The Jefferies price target is $127, while the consensus target is $116.39. The shares closed at $94.75 on Tuesday.
Equinix
This data center giant has a huge customer base, and the stock has backed up in price, providing a nice entry point. Equinix Inc. (NASDAQ: EQIX) is the world’s digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success.
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