This REIT Is Absurdly Cheap Right Now

When you make a call on your smartphone or surf social media, your phone transfers data through cell towers scattered all over the country; American Tower Corporation (NYSE: AMT) is the company that owns a lot of those towers.

American Tower's business is booming, but the stock has been virtually flat over the past year while the S&P 500 is up more than 10%. Here's why American Tower is a bargain today.

American Tower is a real estate investment trust (REIT), a unique business structure that acquires and leases real estate. REITs must pay at least 90% of their taxable income out as dividends, making them great for dividend investors.

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Source Fool.com