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

Shares of some REITs are trading higher amid a drop in Treasury yields.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 7:36 pm

Scotiabank analyst Maher Yaghi maintains a Sector Outperform rating on American Tower (NYSE:AMT) and raises the price target from $223 to $248.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:45 pm

TD Cowen analyst Colby Synesael maintains a Buy rating on American Tower (NYSE:AMT) and raises the price target from $226 to $239.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:35 pm

Wells Fargo analyst Eric Luebchow maintains an Overweight rating on American Tower (NYSE:AMT) and raises the price target from $225 to $245.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:14 pm

Stonepeak and CoreSite have formed a joint venture to develop an 18MW data center in Denver. Stonepeak holds 85% equity, while CoreSite holds 15%. CoreSite will operate the DE3 facility, and the investment is made through the Stonepeak Opportunities Fund.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 3:42 pm

JP Morgan analyst Philip Cusick maintains an Overweight rating on American Tower (NYSE:AMT) and raises the price target from $230 to $240.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:24 pm

American Tower (NYSE:AMT) has been analyzed by four analysts over the past three months, showing a range of ratings from bullish to somewhat bullish. The average 12-month price target has increased to $231.0, with a high of $246.00 and a low of $223.00. Analysts from BMO Capital, Wells Fargo, Goldman Sachs, and Barclays have recently updated their ratings and price targets for AMT.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 1:00 pm

BMO Capital has maintained an Outperform rating on American Tower (NYSE:AMT) and raised the price target from $225 to $246.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:15 am

American Tower Corp (NYSE: AMT) reported strong Q2 2024 earnings with revenue growth of 4.6% year-on-year to $2.90 billion, beating analyst estimates. AFFO per share increased by 9.8% to $2.79, also surpassing expectations. The company saw significant growth in tenant billings and free cash flow, and raised its FY24 outlook. AMT shares rose 2.61% following the report.

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 6:46 pm

American Tower shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:43 pm

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