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 approximately 181,000 communications sites.
IPO Year:
Exchange: NYSE
Website: americantower.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/10/2024 | $245.00 → $230.00 | Overweight → Equal Weight | Wells Fargo |
| 7/1/2024 | $230.00 | Buy | Goldman |
| 5/1/2024 | $226.00 → $248.00 | Outperform → Strong Buy | Raymond James |
| 4/8/2024 | $205.00 | Neutral | Mizuho |
| 12/14/2023 | $245.00 | Buy | HSBC Securities |
| 10/13/2023 | $208.00 | Sector Outperform | Scotiabank |
| 7/13/2023 | $230.00 | Outperform | BMO Capital Markets |
| 3/30/2023 | $244.00 → $234.00 | Market Perform → Outperform | MoffettNathanson |
| 1/23/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 1/12/2023 | $254.00 | Hold → Buy | Deutsche Bank |
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On September 12, 2024, American Tower Corporation (the "Company" or "American Tower") completed the sale of 100% of the equity interests in its operations in India ("ATC TIPL" or "ATC India") to Data Infrastructure Trust, an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management (the "ATC TIPL Transaction"). The ATC TIPL Transaction qualified for presentation as discontinued operations. Prior to the divestiture and classification as discontinued operations, ATC TIPL's operating results were included within the Asia-Pacific property segment. Accordingly, the operating results of ATC TIPL are reported as discontinued operations for all periods presented. Plea
American Tower Corporation (NYSE:AMT) announced today that the press announcement of its third quarter 2024 results is scheduled to be released to the news services at 7:00 a.m. ET on Tuesday, October 29, 2024. In addition, the Company has scheduled a conference call at 8:30 a.m. ET on October 29, 2024 to discuss its results. Conference call details are as follows: Call Date: Tuesday, October 29, 2024 Call Time: 8:30 a.m. ET Call Dial in: (877) 692-8955 U.S./Canada (234) 720-6979 International Access Code: 8979882 Online Info: https://www.americantower.com/investor-relation
CONSOLIDATED HIGHLIGHTS Second Quarter 2024(1) Total revenue increased 4.6% to $2,900 million Property revenue increased 4.6% to $2,853 million Net income increased 96.8% to $908 million(2)(3) Adjusted EBITDA increased 8.1% to $1,890 million Net income attributable to AMT common stockholders increased 89.3% to $900 million(2)(3) AFFO attributable to AMT common stockholders increased 13.5% to $1,306 million American Tower Corporation (NYSE:AMT) today reported financial results for the quarter ended June 30, 2024. Steven Vondran, American Tower's Chief Executive Officer, stated, "The momentum from the start of the year extended into Q2, with core results highlighting
American Tower Corporation (NYSE:AMT) announced today that the press announcement of its second quarter 2024 results is scheduled to be released to the news services at 7:00 a.m. ET on Tuesday, July 30, 2024. In addition, the Company has scheduled a conference call at 8:30 a.m. ET on July 30, 2024 to discuss its results. Conference call details are as follows: Call Date: Tuesday, July 30, 2024 Call Time: 8:30 a.m. ET Call Dial in: (877) 692-8955 U.S./Canada (234) 720-6979 International Access Code: 3589117 Online Info: https:
CONSOLIDATED HIGHLIGHTS First Quarter 2024 Total revenue increased 2.4% to $2,834 million Property revenue increased 3.3% to $2,804 million Net income increased 192.6% to $922 million(1)(2)(3) Adjusted EBITDA increased 5.2% to $1,854 million Net income attributable to AMT common stockholders increased 173.2% to $917 million(1)(2)(3) AFFO attributable to AMT common stockholders increased 10.0% to $1,303 million American Tower Corporation (NYSE:AMT) today reported financial results for the quarter ended March 31, 2024. Steven Vondran, American Tower's Chief Executive Officer, stated, "The strong performance we saw in 2023, underscored by robust demand across our asset
American Tower Corporation (NYSE:AMT) announced today that the press announcement of its first quarter 2024 results is scheduled to be released to the news services at 7:00 a.m. ET on Tuesday, April 30, 2024. In addition, the Company has scheduled a conference call at 8:30 a.m. ET on April 30, 2024 to discuss its results. Conference call details are as follows: Call Date: Tuesday, April 30, 2024 Call Time: 8:30 a.m. ET Call Dial in: (877) 692-8955 U.S./Canada (234) 720-6979 International Access Code: 3589117 Online Info: https://www.americantower.com/investor-relations/w
American Tower Corporation (NYSE:AMT) announced that its Board of Directors (the "Board") has elected Neville R. Ray as a director. Mr. Ray most recently served as T-Mobile's President of Technology until 2023. Mr. Ray joined T-Mobile (then VoiceStream) in April 2000, and from December 2010 to November 2019, served as its Chief Technology Officer. Prior to that, Mr. Ray served as Network Vice President for Pacific Bell Mobile Services. Mr. Ray currently serves on the board of directors, compensation committee and environmental, social and governance committee of Ziff Davis, a vertically focused digital media and internet company. He also serves on the U.S. President's National Security Te
CONSOLIDATED HIGHLIGHTS Fourth Quarter 2023 Total revenue increased 3.0% to $2,787 million Property revenue increased 4.6% to $2,766 million Net income increased 101.9% to $13 million(1)(2)(3) Adjusted EBITDA increased 3.2% to $1,761 million Net income attributable to AMT common stockholders increased 112.4% to $85 million(1)(2)(3) AFFO attributable to AMT common stockholders decreased 2.1% to $1,070 million Full Year 2023 Total revenue increased 4.0% to $11,144 million Property revenue increased 5.1% to $11,001 million Net income decreased 19.4% to $1,367 million(1)(2) Adjusted EBITDA increased 6.7% to $7,087 million Net income attributable to AMT comm
American Tower Corporation (NYSE:AMT) announced today that the press announcement of its fourth quarter and full year 2023 results is scheduled to be released to the news services at 7:00 a.m. ET on Tuesday, February 27, 2024. In addition, the Company has scheduled a conference call at 8:30 a.m. ET on February 27, 2024 to discuss its results. Conference call details are as follows: Call Date: Tuesday, February 27, 2024 Call Time: 8:30 a.m. ET Call Dial in: (877) 692-8955 U.S./Canada (234) 720-6979 International Access Code: 3589117 Online Info:
American Tower Corporation (NYSE:AMT) today announced year-end tax reporting information for its 2023 distributions. Stockholders are urged to consult with their personal tax advisors as to their specific tax treatment. American Tower Corporation Common Stock CUSIP 03027X100 Ticker Symbol: AMT Record Date Payment Date Cash Distribution (per share) Ordinary Taxable Dividends (per share) Qualified Taxable Dividends (1) (per share) Section 199A Dividends (1) (per share) Section 897 Ordinary Distribution (1) (per share) 12/28/2022 02/02/2023 1.560000 1.560000 0.000000 1.560000 0.315960 04/1
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Executive Panel Discussion to Highlight the Impact of AI and the Future of Digital Infrastructure CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE:AMT) ("American Tower"), will participate in the upcoming Pacific Telecommunications Conference 2025 January 19-22 at the Hilton Hawaiian Village Waikiki Beach Resort in Honolulu, Hawaii. The annual PTC event provides a strategic springboard to focus on planning, networking and discovering what lies ahead for the digital infrastructure, information and communication technology, and telecommunications industries. PTC will host the "AI Impact and the Future of Digital Infrastructure" panel disc
American Tower Corporation (NYSE:AMT) announced today that Eugene ("Bud") Noel, currently Executive Vice President and President of the U. S. Tower Division, will become Executive Vice President and Chief Operating Officer, a newly created global position, effective January 13, 2025. This role will oversee American Tower's global operations and IT, further effectuating the Company's strategic priorities to drive operational efficiency and provide best-in-class service to its global customer base. Mr. Noel joined the Company in 2011 as Senior Vice President, U.S. Tower Operations, and prior to being appointed the Executive Vice President and President of the U.S. Tower Division in 2023, he
American Tower Corporation (NYSE:AMT) announced that its Board of Directors declared a quarterly cash distribution of $1.62 per share on shares of the Company's common stock. The distribution is payable on February 3, 2025 to the stockholders of record at the close of business on December 27, 2024. About American Tower 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 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities. For more information about American Tower, please visit the "Investor Relations" section of the Company'
American Tower Corporation (NYSE:AMT) today announced that Rod Smith, its Executive Vice President, Chief Financial Officer and Treasurer, is scheduled to present at the UBS Global Media and Communications Conference on Tuesday, December 10, 2024, at 12:45 p.m. ET in New York, New York. A live webcast link for the event will be available on the Company's website. 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 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities. For more information about American Tower, please visit www.a
American Tower Corporation (NYSE:AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2030 and 2035 in aggregate principal amounts of $600.0 million and $600.0 million, respectively. The 2030 notes will have an interest rate of 5.000% per annum and are being issued at a price equal to 99.622% of their face value. The 2035 notes will have an interest rate of 5.400% per annum and are being issued at a price equal to 99.455% of their face value. The net proceeds of the offering are expected to be approximately $1,183.7 million, after deducting underwriting discounts and estimated offering expenses. American Tower intends to use the net proceeds to
On September 12, 2024, American Tower Corporation (the "Company" or "American Tower") completed the sale of 100% of the equity interests in its operations in India ("ATC TIPL" or "ATC India") to Data Infrastructure Trust, an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management (the "ATC TIPL Transaction"). The ATC TIPL Transaction qualified for presentation as discontinued operations. Prior to the divestiture and classification as discontinued operations, ATC TIPL's operating results were included within the Asia-Pacific property segment. Accordingly, the operating results of ATC TIPL are reported as discontinued operations for all periods presented. Plea
New Oracle Service on CoreSite's Open Cloud Exchange® Offers Ultra-Low-Bandwidth Connectivity to Customers with Applications Requiring Large-Scale Datasets CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE:AMT) ("American Tower") and a member of Oracle PartnerNetwork (OPN), today announced the company is the first to launch new accelerated connections of up to 50 gigabits per second (Gbps) through Oracle Cloud Infrastructure (OCI) FastConnect on the Open Cloud Exchange® (OCX), CoreSite's software-defined networking platform. Now available in CoreSite's Los Angeles, Chicago, and Northern Virginia data center markets, this advancement enables
American Tower Corporation (NYSE:AMT) announced today that the press announcement of its third quarter 2024 results is scheduled to be released to the news services at 7:00 a.m. ET on Tuesday, October 29, 2024. In addition, the Company has scheduled a conference call at 8:30 a.m. ET on October 29, 2024 to discuss its results. Conference call details are as follows: Call Date: Tuesday, October 29, 2024 Call Time: 8:30 a.m. ET Call Dial in: (877) 692-8955 U.S./Canada (234) 720-6979 International Access Code: 8979882 Online Info: https://www.americantower.com/investor-relation
CoreSite Among Select Data Center Providers for Initial Access Ultra-High-Bandwidth and Low Latency to AWS Regions Ideal for Machine Learning (ML) and Large Language Model (LLM) Training, Advanced Driver Assistance Systems (ADAS) for Autonomous Vehicles CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE:AMT) ("American Tower"), today announced that AWS Direct Connect launched native 400 Gbps (400G) Dedicated Connections at four select locations in the United States including CoreSite's Silicon Valley and Northern Virginia data center campuses, making them the optimal locations to deploy the most demanding hybrid applications. CoreSite's Si
American Tower Corporation (NYSE:AMT) announced that its Board of Directors declared a quarterly cash distribution of $1.62 per share on shares of the Company's common stock. The distribution is payable on October 25, 2024 to the stockholders of record at the close of business on October 9, 2024. About American Tower 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 nearly 148,000 communications sites (excludes India assets sold) and a highly interconnected footprint of U.S. data center facilities. For more information about American Tower, please visit the "Investor Relatio
Wells Fargo downgraded American Tower from Overweight to Equal Weight and set a new price target of $230.00 from $245.00 previously
Goldman initiated coverage of American Tower with a rating of Buy and set a new price target of $230.00
Raymond James upgraded American Tower from Outperform to Strong Buy and set a new price target of $248.00 from $226.00 previously
Mizuho initiated coverage of American Tower with a rating of Neutral and set a new price target of $205.00
HSBC Securities initiated coverage of American Tower with a rating of Buy and set a new price target of $245.00
Scotiabank initiated coverage of American Tower with a rating of Sector Outperform and set a new price target of $208.00
BMO Capital Markets initiated coverage of American Tower with a rating of Outperform and set a new price target of $230.00
MoffettNathanson upgraded American Tower from Market Perform to Outperform and set a new price target of $234.00 from $244.00 previously
KeyBanc Capital Markets downgraded American Tower from Overweight to Sector Weight
Deutsche Bank upgraded American Tower from Hold to Buy and set a new price target of $254.00
Waives Option to Classify Board Under Maryland Law Independence Realty Trust, Inc. (NYSE:IRT) ("IRT" or the "Company") today announced the appointment of Craig Macnab to its Board of Directors (the "Board"), effective February 29, 2024. Mr. Macnab brings over 20 years of experience to IRT's Board after serving in various executive and board roles in the REIT industry, including most recently as CEO of National Retail Properties, Inc. (NYSE:NNN) for 13 years. Mr. Macnab's appointment increases the size of IRT's Board to 10 members, including 8 independent directors. In connection with this announcement, the Company has entered into a cooperation agreement with Argosy-Lionbridge Management,
Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), announced today its Board of Directors has appointed Jacky Wu as an independent director, effective June 16, 2023. Mr. Wu's appointment expands the Board to ten members, six of whom are independent directors. Mr. Wu is currently the Executive Vice President and Chief Financial Officer of DigitalBridge Group, Inc., a global digital infrastructure investment firm (NYSE:DBRG). Prior to joining DigitalBridge, Mr. Wu was Executive Vice President and Chief Financial Officer of Driven Brands, Inc. (NASDAQ:DRVN), North America's largest automotive aftermarket platform. Prior to Driven Brands, Mr. Wu was Executive Vice President and
CoreSite, the leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE:AMT) ("American Tower"), today announced new senior leadership appointments effective immediately. This new executive management structure is designed to position the company for accelerated growth, while continuing to provide the native digital supply chain its valued enterprise, network, cloud and service integrator customers have come to depend on. CoreSite is now led by Juan Font, President of CoreSite and SVP of American Tower, reporting to Steve Vondran, Executive Vice President and President, U.S. Tower Division of American Tower ("U.S. Tower"). Font is responsible for leading CoreS
Desktop Metal, Inc. (NYSE:DM) today announced the appointment of James Eisenstein to its Board of Directors effective as of July 27, 2021. Eisenstein was also appointed to serve on the Nominating and Corporate Governance Committee of the Board. Eisenstein has more than 30 years of leadership experience in both public and private technology companies, including an extensive background in M&A and industrial consolidation. He has founded several multi-billion-dollar companies, including American Tower Corporation (NYSE:AMT) which today has a market cap of over $120 billion. Eisenstein was also the Executive Chairman of the Board of Directors of Eaton Towers Limited, the largest independent to
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced that Sanjay Goel has been appointed Executive Vice President and President, Asia-Pacific succeeding Amit Sharma. The appointment will be effective March 16, 2021. As previously disclosed, Mr. Sharma will serve as Chairman of the Company’s Asia-Pacific region and as Special Advisor to the CEO until his retirement on July 1, 2021. Mr. Sharma joined American Tower in 2007 as Executive Vice President and President, Asia to lead the Company’s strategic expansion into Asia. Under his leadership, American Tower has grown its Indian footprint to nearly 76,000 communications sites, becoming one of the largest in