Latest news with #AmericanTower
Yahoo
3 days ago
- Business
- Yahoo
TD Cowen Affirms Buy Rating on American Tower (AMT) with $241 PT, Citing Solid Demand
On June 5, TD Cowen analysts maintained a Buy recommendation on American Tower Corporation (NYSE:AMT) with a target price of $241, far surpassing present trading levels. The firm reiterated its confidence in AMT's growth trajectory, noting robust enterprise demand despite ongoing macroeconomic headwinds. A wide angled view of a high-rise office building, the windows reflecting a nearby cityscape. TD Cowen analysts observed that initial talks on tower densification have started, and demand for GenAI inference fiber might arise sooner than expected. American Tower Corporation (NYSE:AMT) management upheld its 2025 US leasing target of $165-170 million and signaled confidence in a 5% long-term growth rate. American Tower forecasts roughly 4.3% in organic growth this year, with an expected boost to 5% in the coming years to fulfill its long-term growth objective. Management also projects a reduction in churn to the lower end of its average prior range of 1-2% as the last phase of Sprint churn finishes in Q3 of 2025. AMT's management pointed out solid enterprise demand, commenting that average customers are now using their individual inference models. This transition from depending on hyperscalers to businesses managing their models presents considerable growth prospects because of the vast number of enterprise customers. American Tower Corporation (NYSE:AMT) is one of the world's largest real estate investment trusts, known for owning and operating a major network of communications real estate. While we acknowledge the potential of AMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and. Disclosure: None.
Business Wire
28-05-2025
- Business
- Business Wire
American Tower to Present at Upcoming June Conferences
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced that it is scheduled to present at the following investor conferences: Nareit's REITweek: 2025 Investor Conference in New York, New York Wednesday, June 11, 2025, 9:45 a.m. ET – Mizuho Technology Conference 2025 in New York, New York A live webcast and replay of the presentation will be accessible from the Investor Relations section of American Tower's website at 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 149,000 communications sites and a highly interconnected footprint of U.S. data center facilities. For more information about American Tower, please visit
Yahoo
28-05-2025
- Business
- Yahoo
If You Invested $10K In American Tower Stock 10 Years Ago, How Much Would You Have Now?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. American Tower Corp. (NYSE:AMT), one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 149,000 communications sites and a highly interconnected footprint of U.S. data center facilities. The company's stock traded at approximately $94.35 per share 10 years ago. If you had invested $10,000, you could have bought roughly 106 shares. Currently, shares trade at $213.73, meaning your investment's value could have grown to $22,653 from stock price appreciation alone. However, American Tower also paid dividends during these 10 years. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – American Tower's dividend yield is currently 3.18%. Over the last 10 years, it has paid about $45.46 in dividends per share, which means you could have made $4,818 from dividends alone. Summing up $22,653 and $4,818, we end up with the final value of your investment, which is $27,471. This is how much you could have made if you had invested $10,000 in American Tower stock 10 years ago. This means a total return of 174.71%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 228.66%. American Tower has a consensus rating of "Buy" and a price target of $239.56 based on the ratings of 28 analysts. The price target implies a more than 12% potential upside from the current stock price. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — On April 29, the company announced its Q1 2025 earnings, posting revenue of $2.56 billion, beating analyst estimates of $2.54 billion, as reported by Benzinga. American Tower expects total property revenue in 2025 to be between $9.97 billion and $10.12 billion. The company also raised its full-year AFFO guidance from a range of $10.31 to $10.50 to a new range of $10.35 to $10.54 per share, versus estimates of $10.39 per share. Given the expected upside potential, growth-focused investors may find American Tower stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 3.18% and consistent hikes. American Tower has raised its dividend consecutively for the last 14 years. Check out this article by Benzinga for three more stocks offering high dividend yields. Read Next: The team behind $6B+ in licensing deals is now building the next billion-dollar IP empire — Invest Where It Hurts — And Help Millions Heal: Image: Shutterstock Send To MSN: 0 This article If You Invested $10K In American Tower Stock 10 Years Ago, How Much Would You Have Now? originally appeared on
Globe and Mail
15-05-2025
- Business
- Globe and Mail
NYSE Content Advisory: Pre-Market update + Dick's Sporting Goods to acquire Foot Locker
NEW YORK , May 15, 2025 /CNW/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Kristen Scholer delivers the pre-market update on May 15th Equities are fractionally lower early Thursday morning after the S&P 500 booked three straight days of gains following a temporary trade truce between the U.S. and China . This morning, traders will get another read on inflation after the Consumer Price Index earlier this week showed the pace of price gains rising at its slowest annual rate since 2021. Foot Locker (NYSE: FL) shares are soaring this morning after reports that Dick's Sporting Goods (NYSE: DKS) is set to buy the company for $2.4 Billion . Foot Locker's stock jumped more than 80% pre-market. Opening Bell American Tower Corporation (NYSE: AMT ) celebrates 30 years of building a more connected world. Click here to download the NYSE TV App View original content to download multimedia: SOURCE New York Stock Exchange
Business Wire
06-05-2025
- Business
- Business Wire
American Tower to Present at the J.P. Morgan Global Technology, Media and Communications Conference
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced that it is scheduled to present at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 13, 2025 at 10:50 a.m. ET in Boston, Massachusetts. A live webcast and replay of the presentation will be accessible from the Investor Relations section of American Tower's website at 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 149,000 communications sites and a highly interconnected footprint of U.S. data center facilities. For more information about American Tower, please visit
