REITs -- or real estate investment trusts -- have been a beaten-down sector over the course of the past year, as they have had to endure a rising interest rate environment. However, that cycle is likely coming to an end in the near future, making for a great opportunity in this sector. One REIT I like is American Tower(NYSE: AMT), which is the premier cell tower REIT.
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*Stock prices used were end-of-day prices of Aug. 15, 2023. The video was published on Aug. 16, 2023.
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Mark Roussin, CPA has positions in Alexandria Real Estate Equities and American Tower. The Motley Fool has positions in and recommends Alexandria Real Estate Equities and American Tower. The Motley Fool has a disclosure policy.
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