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 significantly outperformed the market over the past 20 years, with an annualized return of 13.66%. A $1000 investment in AMT 20 years ago would be worth $12,988.16 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 4:30 pm

The May labor market report showed stronger-than-expected job gains and wage growth, leading to a decline in hopes for a July rate cut. Major indices experienced slight declines, with sector-specific reactions varying. Financials and health care outperformed, while real estate and materials underperformed.

Portfolio Pulse from Piero Cingari

June 07, 2024 | 2:50 pm

American Tower (NYSE:AMT) has been analyzed by 7 analysts, revealing a range of sentiments from bullish to bearish. The average 12-month price target is $221.29, with a high of $248.00 and a low of $196.00. Recent analyst actions include both rating downgrades and upgrades, reflecting mixed sentiment.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 8:01 pm

Barclays analyst Tim Long maintains an Overweight rating on American Tower (NYSE:AMT) but lowers the price target from $234 to $223.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 6:54 pm

American Tower (NYSE:AMT) has outperformed the market over the past 20 years with an average annual return of 13.54%, surpassing the market by 5.63% annually. A $100 investment in AMT 20 years ago would be worth $1,322.50 today.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 6:00 pm

American Tower (NYSE:AMT) has significantly outperformed the market over the past 20 years, delivering an average annual return of 14.09%. A $1000 investment in AMT 20 years ago would be worth $14,053.70 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 20, 2024 | 5:00 pm

On CNBC's 'Halftime Report Final Trades,' experts discussed Meta Platforms, American Tower Corporation, and Lennar Corporation. Meta Platforms is launching a third-party fact-checking program for Threads. American Tower reported strong Q1 2024 results, and Lennar posted mixed Q1 financial results.

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 12:41 pm

Whales have taken a bearish stance on American Tower (NYSE:AMT) with 60% of recent options trades being bearish. The price window eyed by big players is between $190.0 and $200.0. Analysts have mixed ratings with an average target price of $230.33.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 5:02 pm

The CNBC Halftime Report highlighted final trades including Meta Platforms, American Tower, and Lennar. These companies were discussed in terms of their current market positions and potential future performance.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 5:00 pm

American Tower's (NYSE:AMT) short interest has decreased by 8.73%, with 4.64 million shares sold short, representing 1.15% of its float. This decrease in short interest could indicate a more bullish sentiment towards AMT among traders. Compared to its peers, AMT has a lower short interest percentage of float, with the average being 4.12%. Short interest is a critical indicator of market sentiment, and a decrease suggests that fewer traders are betting against the stock.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 5:30 pm

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