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

Morgan Stanley analyst Simon Flannery has maintained an Equal-Weight rating on American Tower (NYSE:AMT) and increased the price target from $183 to $196.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 4:05 pm

American Tower (NYSE:AMT) has delivered an average annual return of 14.0% over the past 20 years, outperforming the market by 6.04% annually. A $100 investment in AMT 20 years ago would now be worth $1,374.15, showcasing the impact of compounded returns on investment growth. American Tower currently has a market capitalization of $83.42 billion.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 8:30 pm

Inflation data for March 2024 exceeded expectations, causing stocks to sink and yields to spike as the possibility of Fed rate cuts is delayed. The iShares 20+ Year Treasury Bond ETF (TLT) and the Invesco DB USD Index Bullish Fund ETF (UUP) saw significant movements, with TLT dropping 1.6% and UUP rising 1.1%. Major indices and ETFs like SPY, DIA, and QQQ also experienced declines. Real estate stocks, including EXR, SBAC, PSA, and AMT, were among the hardest hit due to their sensitivity to interest rates. Conversely, Nvidia saw gains after a price target increase by Morgan Stanley.

Portfolio Pulse from Piero Cingari

April 10, 2024 | 5:12 pm

REIT shares are trading lower due to rising Treasury yields, triggered by March inflation data exceeding expectations.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:57 pm

Five financial analysts have recently updated their ratings and price targets for American Tower (NYSE:AMT), showing a mix of bullish and bearish sentiments. The average 12-month price target is now $224.2, down from $231.00, with a high estimate of $234.00 and a low of $205.00. Analyst actions include both upgrades and downgrades, reflecting ongoing market conditions and company performance. American Tower, operating as an REIT, owns over 220,000 cell towers globally and 28 data centers in the US. Despite its significant market capitalization and recent revenue growth of 3.02%, the company's financial metrics such as net margin, ROE, and ROA lag behind industry averages, and it has a high debt-to-equity ratio of 11.23.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 12:01 pm

Mizuho analyst Vikram Malhorta has initiated coverage on American Tower (AMT) with a Neutral rating and set a price target of $205. This new coverage could influence investor sentiment and potentially impact AMT's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:23 am

Over the past 20 years, American Tower (NYSE:AMT) has produced an average annual return of 14.76%, outperforming the market by 6.91% annually. A $100 investment in AMT 20 years ago would be worth $1,569.84 today. American Tower currently has a market capitalization of $89.32 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:30 pm

The National Association of Realtors (NAR) has agreed to a $418 million settlement over allegations of inflating real estate commissions. This settlement, which also includes regulatory changes, is expected to lower costs for consumers by addressing the traditionally high commission rates of 5 to 6 percent. Industry-related stocks like American Tower Cor (AMT), Equinix Inc (EQIX), and RE/MAX Holdings Inc. (RMAX) saw a decline following the news. The settlement is pending federal court approval and is set to be implemented by July.

Portfolio Pulse from Michael Cohen

March 15, 2024 | 8:29 pm

Over the past 20 years, American Tower (NYSE:AMT) has produced an average annual return of 15.7%, outperforming the market by 7.64% on an annualized basis. A $100 investment in AMT 20 years ago would be worth $1,803.27 today. American Tower currently has a market capitalization of $95.14 billion.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 7:30 pm

Barclays analyst Brendan Lynch maintains an Overweight rating on American Tower (NYSE:AMT) and raises the price target from $224 to $234.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:28 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.