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Analysts Offer Insights on Real Estate Companies: American Tower (AMT) and Redwood (RWT)

Tipranks - Tipranks - Tue Sep 15, 5:46AM CDT

There’s a lot to be optimistic about in the Real Estate sector as 2 analysts just weighed in on American Tower (AMT) and Redwood (RWT) with bullish sentiments.

American Tower (AMT)

In a report released today, Madison Rezaei from Bernstein maintained a Buy rating on American Tower, with a price target of $214.00. The company’s shares closed last Friday at $177.85, close to its 52-week low of $170.46.

According to TipRanks.com, Rezaei is a 1-star analyst with an average return of -1.5% and a 50.0% success rate. Rezaei covers the NA sector, focusing on stocks such as SBA Communications, Digital Realty, and Crown Castle. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for American Tower with a $212.00 average price target, implying a 21.4% upside from current levels. In a report issued on September 10, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $194.00 price target.

See the top stocks recommended by analysts >>

Redwood (RWT)

KBW analyst Bose George maintained a Buy rating on Redwood today and set a price target of $4.75. The company’s shares closed last Friday at $3.55.

According to TipRanks.com, George is a 5-star analyst with an average return of 13.0% and a 73.3% success rate. George covers the Financial sector, focusing on stocks such as Federal National Mortgage Association, Stewart Information Services, and PennyMac Financial. ;'>

Redwood has an analyst consensus of Moderate Buy, with a price target consensus of $5.75.

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