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

Numerous companies are scheduled to report their earnings on February 27, 2024, covering a wide range of industries from technology and healthcare to energy and financial services. The report includes a mix of expected quarterly losses and earnings, highlighting the diverse financial health and performance outlooks within the corporate landscape.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 10:01 am

Deep-pocketed investors have shown a bearish sentiment towards American Tower (NYSE:AMT), with options trading data from Benzinga indicating a significant move. The data reveals 75% bearish and 25% bullish sentiment among investors, with notable options activity suggesting a target price range of $170.0 to $200.0 for AMT. The company, an REIT, operates over 220,000 cell towers globally and has a concentrated customer base. Current market data shows AMT's price slightly down with an RSI indicating it may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:30 pm

American Tower (NYSE:AMT) has seen a decrease in short interest, with 5.27 million shares sold short, representing 1.31% of its float. This marks a 7.09% decline since the last report. The current short interest is below the peer group average of 3.99%, indicating less bearish sentiment compared to its peers. Short interest is a key indicator of market sentiment, and a decrease suggests investors are becoming more bullish on AMT.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:00 pm

The CNN Money Fear and Greed index indicated a decline in market sentiment, remaining in the 'Greed' zone with a reading of 67.3. U.S. stocks, including the Nasdaq, Dow Jones, and S&P 500, closed lower, ending their five-week winning streak. The Conference Board's Leading Economic Index fell more than expected. Capital One Financial Corp plans to acquire Discover Financial Services in a $35.3 billion deal. Walmart Inc. shares rose after reporting strong Q4 results. Sectors like consumer discretionary, energy, and IT saw losses, while consumer staples gained. Investors await earnings from Exelon Corporation, Analog Devices, NVIDIA, and Rivian Automotive.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 8:46 am

REIT shares are trading lower due to an increase in Treasury yields, potentially causing investors to rotate out of income-paying stocks.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 6:46 pm

Over the past 20 years, American Tower (NYSE:AMT) has produced an average annual return of 14.78%, outperforming the market by 7.21% annually. With a current market capitalization of $90.27 billion, a $1000 investment in AMT 20 years ago would be worth $15,755.90 today.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 2:00 pm

American Tower (NYSE:AMT) has seen a 6.0% decrease in short interest, now at 5.71 million shares or 1.41% of float, indicating a bullish sentiment. With a 3.13-day average to cover short positions, and a lower short interest compared to its peers' average of 4.03%, the market sentiment towards AMT appears more positive.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 7:45 pm

American Tower (NYSE:AMT) received mixed analyst ratings with 1 bullish and 3 somewhat bullish in the past three months. The average 12-month price target is $227.25, up from the previous $213.33. Analysts from Barclays, HSBC, RBC Capital, and JP Morgan have provided recent evaluations, with price target adjustments reflecting a positive outlook despite some lowering of targets. American Tower, an REIT, operates over 220,000 cell towers globally and 28 data centers in the US. The company's financial performance shows solid revenue growth, high net margin, and ROE, but a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 9:01 pm

Barclays analyst Brendan Lynch has maintained an Overweight rating on American Tower (NYSE:AMT) but reduced the price target from $229 to $224.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 8:39 pm

American Tower (NYSE:AMT) has delivered an average annual return of 13.57% over the past 15 years, outperforming the market. A $100 investment in AMT 15 years ago would be worth $679.87 today. The company currently has a market cap of $95.04 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 2:30 pm

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