Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
4 - AMERICAN TOWER CORP /MA/ (0001053507) (Issuer)
4 - AMERICAN TOWER CORP /MA/ (0001053507) (Issuer)
4 - AMERICAN TOWER CORP /MA/ (0001053507) (Issuer)
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
American Tower Corporation (NYSE:AMT) ("American Tower") today announced that it has closed the previously announced sale of 100% of the equity interests in its operations in India ("ATC India") to Data Infrastructure Trust ("DIT"), an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management (NYSE:BAM, TSX:BAM) ("Brookfield"). Total cash proceeds to American Tower associated with the transaction represents approximately INR 210 billion, or $2.5 billion at today's exchange rates. Total cash proceeds include approximately $320 million associated with the monetization of optionally converted debentures issued by Vodafone Idea and payments on ATC India receivabl
American Tower Corporation (NYSE:AMT) today announced that it will participate in the following upcoming investor conferences: Wednesday, September 4, 2024, 2:10 p.m. ET – Steve Vondran, President and Chief Executive Officer, is scheduled to speak at Citi's 2024 Global TMT Conference in New York, New York. Thursday, September 5, 2024, 9:40 a.m. ET – Steve Vondran, President and Chief Executive Officer, is scheduled to speak at the Bank of America 2024 Media, Communications and Entertainment Conference in New York, New York. Monday, September 9, 2024, 1:45 p.m. PT (4:45 p.m. ET) – Steve Vondran, President and Chief Executive Officer, is scheduled to speak at the Goldman Sachs Comm
8-K - AMERICAN TOWER CORP /MA/ (0001053507) (Filer)
8-K - AMERICAN TOWER CORP /MA/ (0001053507) (Filer)
10-Q - AMERICAN TOWER CORP /MA/ (0001053507) (Filer)
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
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
SC 13G/A - AMERICAN TOWER CORP /MA/ (0001053507) (Subject)
SC 13G/A - AMERICAN TOWER CORP /MA/ (0001053507) (Subject)
SC 13G/A - AMERICAN TOWER CORP /MA/ (0001053507) (Subject)
American Tower (NYSE:AMT) has outperformed the market over the past 20 years by 5.92% on an annualized basis producing an average annual return of 14.32%. Currently, American Tower has a market capitalization of $98.80 billion. Buying $1000 In AMT: If an investor had bought $1000 of AMT stock 20 years ago, it would be worth $14,189.81 today based on a price of $211.57 for AMT at the time of writing. American Tower's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated conte
Verizon Communications Inc (NYSE:VZ) is reportedly considering a significant move to sell thousands of mobile phone towers across the U.S. Verizon has engaged advisors to assess potential buyers’ interest in a package comprising approximately 5,000 to 6,000 towers. A possible sale could yield over $3 billion, Bloomberg cites familiar sources, although discussions are in the early stages and do not guarantee a transaction. Also Read: Verizon And AT&T Clash Over $14B FirstNet Spectrum Proposal In 2015, Verizon offloaded lease and operational rights for about 11,000 towers to American Tower Corp (NYSE:AMT) for an upfront payment of $5 billion. This deal helped Verizon raise funds for a
Wells Fargo analyst Eric Luebchow maintains American Tower (NYSE:AMT) with a Overweight and raises the price target from $200 to $225.
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