Streetbeat News

AMT

American Tower Corporation

https://www.americantower.com

Industry

REIT - Specialty

American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the "Earnings Materials" and "Investor Presentations" sections of our investor relations website at www.americantower.com.

Open

195.00

Mkt cap

92B

Volume

2.6M

High

196.73

P/E Ratio

47.34

52-wk high

243.56

Low

193.75

Div yield

0.03

52-wk low

170.46

American Tower (NYSE:AMT) has delivered an average annual return of 15.48% over the past 20 years, outperforming the market. A $100 investment in AMT 20 years ago would be worth $1,780.92 today. The company's current market capitalization stands at $100.06 billion. This showcases the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 9:00 pm

American Tower (NYSE:AMT) has seen a 5.84% increase in short interest since the last report, with 6.57 million shares sold short, representing 1.63% of available shares. It would take 2.78 days to cover these short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Compared to its peers, AMT has less short interest, with a peer group average of 4.86%. Short interest can sometimes be a bullish indicator.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 8:00 pm

American Tower Corporation has agreed to sell its Indian operations to Data Infrastructure Trust, sponsored by Brookfield Asset Management, for approximately $2.5 billion. The sale is the result of a strategic review and is expected to close in the second half of 2024, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 6:25 am

Despite a challenging 2023 with a 10% stock decline, AT&T Inc (NYSE:T) is poised for a rebound in 2024, according to Bank of America and Citigroup analysts. They cite AT&T's strong fundamentals, attractive valuations, and positioning as the least-owned mega-cap stock in the S&P 500 as reasons for optimism. The telecom sector is expected to recover from concerns about post-pandemic competition, unfounded rumors of Amazon entering the market, and risks associated with lead cables. AT&T's consistent dividend history and Citi's positive outlook for telecom stocks, expecting a 21% total return, further support the bullish sentiment.

Portfolio Pulse from Surbhi Jain

December 29, 2023 | 4:22 pm

Over the past 15 years, American Tower (NYSE:AMT) has produced an average annual return of 14.23%, outperforming the market. A $100 investment in AMT 15 years ago would be worth $763.29 today. American Tower currently has a market cap of $100.52 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 3:30 pm

American Tower (NYSE:AMT) has announced a quarterly dividend of $1.7 per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday's session will be eligible for the dividend, which will be paid out on February 01, 2024. The stock is expected to open $1.7 lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 2:45 pm

Analysts have issued ratings for American Tower (NYSE:AMT) in the last quarter, with 2 bullish, 3 somewhat bullish, and 1 indifferent rating. The 12-month average price target is $213.00, down 6.58% from the previous $228.00. The high target is $245.00 and the low is $169.00.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 12:00 pm

HSBC analyst Luigi Minerva has initiated coverage on American Tower (NYSE:AMT) with a Buy rating and set a price target of $245.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:11 am

American Tower (NYSE:AMT) has delivered an average annual return of 16.03% over the past 20 years, outperforming the market by 8.53% annually. A $100 investment in AMT 20 years ago would be worth $1,942.48 today. The company's current market capitalization stands at $95.17 billion. The key takeaway is the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 7:01 pm

The U.S. housing market in October 2023 showed mixed signals with a 5.6% decrease in new single-family home sales from September, but a 17.7% increase year-over-year. Median sales prices stood at $409,300, and inventory at 439,000. Building permits rose by 1.8% from the previous month. Real estate stocks had varied responses, with the Real Estate Select Sector SPDR Fund (XLRE) up by 0.4% and the SPDR S&P Homebuilders ETF (XHB) down by 0.3%. Crown Castle Inc. (CCI), SBA Communications Corporation (SBAC), and American Tower Corporation (AMT) saw share increases.

Portfolio Pulse from Piero Cingari

November 27, 2023 | 5:04 pm

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