HSBC Securities initiated coverage on American Tower with a new price target
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Real Estate Investment Trusts
Real Estate
HSBC Securities initiated coverage of American Tower with a rating of Buy and set a new price target of $245.00
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| 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 |
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
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
4 - AMERICAN TOWER CORP /MA/ (0001053507) (Issuer)
4 - AMERICAN TOWER CORP /MA/ (0001053507) (Issuer)
4 - AMERICAN TOWER CORP /MA/ (0001053507) (Issuer)
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'
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8-K - AMERICAN TOWER CORP /MA/ (0001053507) (Filer)
8-K - 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
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)