American Tower: Dual Growth Opportunities In Telecom And Data Center - Reiterate Buy
American Tower remains a Buy, with FQ1'24 bringing forth excellent top/ bottom-line expansion across its telecom/ data center businesses along with a healthier balance sheet. It is apparent that the flattish FY2024 dividends have been prudent after all, as its AFFO payout ratio moderates below sector medians, and the management further invests in data centers. American Tower has also raised its projections for FY2024, with the accelerated top/ bottom line growth coming relatively cheap compared to its peers.
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American Tower (AMT) Outperforms Broader Market: What You Need to Know
American Tower (AMT) concluded the recent trading session at $200.41, signifying a +1.75% move from its prior day's close.
Here's Why American Tower (AMT) Is an Apt Portfolio Pick
The robust demand for wireless communication assets amid rising data usage, expansion efforts and a solid balance sheet imply an optimistic near-term scenario for American Tower (AMT).
Rally Gets Reality Check
U.S. equity markets snapped a four-week winning streak while benchmark interest rates rebounded as hopes for imminent major central bank monetary easing were curtailed by stubbornly hot U.K. inflation data. Still hovering around all-time highs, the S&P 500 finished fractionally lower, but tech stocks were led higher by chip giant Nvidia on the heels of an impressive "AI-enhanced" earnings report. Halting a four-week rebound and continuing to be swung around by rate movements, real estate equities fell sharply this week as benchmark rates rebounded from one-month lows.
Brokers Suggest Investing in American Tower (AMT): Read This Before Placing a Bet
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
3 Stocks That Could Surge as Inflation Fears Subside
Since the onset of the Covid-19 pandemic, inflation has become quite a sticky problem. It has taken far longer than expected for economic disruptions to work their way through the system.
American Tower Corporation (AMT) CEO Steve Vondran presents at J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference (Transcript)
American Tower Corporation (NYSE:AMT ) J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference May 20, 2024 3:10 PM ET Company Participants Steve Vondran - President and CEO Conference Call Participants Richard Choe - J.P.
Meridian Wealth Management LLC Makes New Investment in American Tower Co. (NYSE:AMT)
Meridian Wealth Management LLC acquired a new position in shares of American Tower Co. (NYSE:AMT – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,035 shares of the real estate investment trust’s stock, valued at approximately $223,000. A number of other large investors have also recently made changes to their positions in the company. McClarren Financial Advisors Inc. purchased a new stake in shares of American Tower during the 3rd quarter worth $27,000. Thompson Investment Management Inc. acquired a new position in shares of American Tower during the 4th quarter worth about $29,000. Brown Shipley& Co Ltd purchased a new position in shares of American Tower in the 3rd quarter valued at about $35,000. Valley National Advisers Inc. raised its position in shares of American Tower by 200.0% during the 4th quarter. Valley National Advisers Inc. now owns 177 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 118 shares in the last quarter. Finally, Oakworth Capital Inc. raised its position in shares of American Tower by 157.9% during the 4th quarter. Oakworth Capital Inc. now owns 196 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 120 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Several equities analysts have commented on the stock. StockNews.com lowered shares of American Tower from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Mizuho started coverage on shares of American Tower in a research note on Monday, April 8th. They set a “neutral” rating and a $205.00 price target on the stock. Barclays upped their price objective on shares of American Tower from $224.00 to $234.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Morgan Stanley lifted their target price on American Tower from $183.00 to $196.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. decreased their target price on American Tower from $236.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $221.91. View Our Latest Analysis on AMT Insider Transactions at American Tower In other news, Director Robert D. Hormats sold 700 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $183.50, for a total transaction of $128,450.00. Following the transaction, the director now directly owns 7,332 shares of the company’s stock, valued at approximately $1,345,422. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other American Tower news, CFO Rodney M. Smith sold 11,510 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $205.71, for a total transaction of $2,367,722.10. Following the sale, the chief financial officer now directly owns 62,969 shares in the company, valued at $12,953,352.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert D. Hormats sold 700 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $183.50, for a total value of $128,450.00. Following the completion of the transaction, the director now owns 7,332 shares of the company’s stock, valued at approximately $1,345,422. The disclosure for this sale can be found here. In the last three months, insiders sold 17,264 shares of company stock valued at $3,458,757. Corporate insiders own 0.18% of the company’s stock. American Tower Price Performance American Tower stock opened at $194.51 on Monday. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day simple moving average of $186.50 and a 200-day simple moving average of $196.11. American Tower Co. has a 12 month low of $154.58 and a 12 month high of $219.10. The stock has a market capitalization of $90.83 billion, a PE ratio of 44.01, a price-to-earnings-growth ratio of 1.64 and a beta of 0.71. American Tower (NYSE:AMT – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $1.96 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.47). American Tower had a return on equity of 18.45% and a net margin of 18.42%. The firm had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the previous year, the company posted $2.54 EPS. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts predict that American Tower Co. will post 9.96 earnings per share for the current year. American Tower Cuts Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 3.33%. The ex-dividend date was Thursday, April 11th. American Tower’s payout ratio is 146.61%. American Tower Company Profile (Free Report) American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities. Read More Five stocks we like better than American Tower How Technical Indicators Can Help You Find Oversold Stocks JD’s Earnings Could Mean Chinese Stocks Making a Comeback How to Buy Cheap Stocks Step by Step Canada Goose Flies Higher Driven By DTC Growth What is the Shanghai Stock Exchange Composite Index? CVS Health Stock Has a Silver Lining Called Value Want to see what other hedge funds are holding AMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Tower Co. (NYSE:AMT – Free Report).
Lessons Learned: Understanding Your 'Circle Of Competence'
I have many stories, which is what made my job as a commercial real estate developer so exciting. As I began to grow my net worth as a real estate developer, I decided that I would begin to diversify my balance sheet by becoming a tenant. Before I knew it, one store turned into eight stores, and I became overwhelmed with the headaches associated with running multiple restaurants.
