American Tower (NYSE:AMT) Stock, Quote.Headers.trade-ideas

American Tower

American Tower owns and operates more than 220,000 cell towers throughout the us, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 us markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the us, which accounted for almost half of the company's total revenue in 2023. Outside the us, American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as a REIT.

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Each week,&nbsp;Benzinga&#8217;s Stock Whisper Index&nbsp;uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the&nbsp;<a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and deserve attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Here's a look at the Benzinga Stock Whisper Index for the week of Sept. 13:
AST SpaceMobile Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>): The satellite and space-related company <a href="https://www.benzinga.com/general/biotech/24/08/40420145/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">rejoins the Stock Whisper Index</a> with a huge boost in interest from Benzinga readers during the week. The increase is likely attributable to the company<a href="https://www.benzinga.com/news/24/09/40837326/whats-going-on-with-ast-spacemobile-stock"> launching its first </a>five commercial satellites during the week. The Bluebird satellites will help the company's plan of providing coverage from space in the United States and select global markets.
The launch was part of a collaboration with AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), which is one of several key partners with AST SpaceMobile.
"This is an exciting next step to a future where our customers will only be hard to reach if they choose to be – giving them the power to go anywhere and the possibility to do anything while staying connected with just an everyday cell phone," AT&amp;T COO Jeff McElfresh said.
In 2024, AST SpaceMobile has secured additional investments from AT&amp;T, Verizon, Google and Vodafone and signed new contract awards with the U.S. Government. The company has over 45 mobile network operator deals signed globally.
Shares of AST SpaceMobile were down 6.6% over the last week, with news of a share offering of up to $400 million in stock sending shares lower. While the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091324&amp;t=be2bearmibe3na1">Benzinga Pro chart</a> below highlights the weekly move, shares are up over 450% year-to-date in 2024.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="496" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102035/Screenshot-175.png" alt="" class="wp-image-547121" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102035/Screenshot-175.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102035/Screenshot-175-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102035/Screenshot-175-768x382.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Read Also:&nbsp;<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40691773/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-august-2024-where-do-tesla-n" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In August 2024 – Where Do Tesla, Nvidia, Apple, AMD Stock Rank?</a>
Snap Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>): The social networking company saw an increase in interest from Benzinga readers, which may be related to both good and bad news. New Mexico's attorney general <a href="https://apnews.com/article/new-mexico-snapchat-attorney-general-sextortion-teens-1a1c4c856a24d15631f26bb69e0f4c74">filed </a>a suit against the company alleging child sexual extortion, saying Snap's site design and policies allow bad practices to happen. The lawsuit also alleges the company promotes child trafficking, drugs and guns through its Snapchat platform.
"Snap has misled users into believing that photos and videos sent on their platform will disappear, but predators can permanently capture this content and they have created a virtual yearbook of child sexual images that are traded, sold, and stored indefinitely," New Mexico Attorney General Raúl Torrez said.
The potential negative headline and future headwind for the company comes after Snap's CEO Evan Spiegel announced <a href="https://www.benzinga.com/markets/equities/24/09/40699921/snap-ceo-evan-spiegel-announces-focus-on-ad-business-and-ar-amid-still-competition-from-tiktok-a">a new focus</a> on the company's advertising business and augmented reality to beat competitors. Spiegel acknowledged that the company's advertising business is growing more slowly than its competitors, making it a key focus for improving the company's financials and boosting its share price.
Snap shares were up over 5% over the last week, as seen on the chart below, but shares remain down over 40% year-to-date.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102051/Screenshot-176.png" alt="" class="wp-image-547122" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102051/Screenshot-176.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102051/Screenshot-176-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102051/Screenshot-176-768x387.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>): The software company and major Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holder is no stranger to the Stock Whisper Index, with investor interest often rising in the name throughout the year. One reason for the company's potential boosted interest is that company chairman Michael Saylor highlighted MicroStrategy's <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40776328/microstrategys-bitcoin-strategy-has-outperformed-every-s-p-500-company-and-even-nvidia-sin">outperformance against every company </a>in the S&amp;P 500 since 2020, including NVIDIA.
"We beat every single company in the S&amp;P Index using Bitcoin strategy," Saylor said on CNBC.
The comment from Saylor follows his commentary in July, when he shared a chart that showed MicroStrategy's outperformance against key stocks since the company began investing in Bitcoin back in August 2020.  
"To outperform $NVDA – get on the #Bitcoin Standard," Saylor said at the time.
The company <a href="https://www.microstrategy.com/press/microstrategy-acquires-18300-btc-achieves-btc-yield-of-4-qtd-17-ytd-now-holds-244800-btc">announced </a>Friday morning that it had acquired an additional 18,300 BTC for around $1.11 billion, bringing its total holdings to 244,800 Bitcoin.
MicroStrategy shares are up over 6% over the last week and up over 90% year-to-date in 2024.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="506" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102108/Screenshot-177.png" alt="" class="wp-image-547123" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102108/Screenshot-177.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102108/Screenshot-177-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102108/Screenshot-177-768x391.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
American Tower Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>): The telecommunications real estate investment trust makes an appearance on the Stock Whisper Index with a large surge in interest. The company, which owns over 200,000 cell towers and data centers globally, made headlines during the week with the sale of its India business to Data Infrastructure Trust, an affiliate of Brookfield Asset Management. The deal brings in around $2.5 billion to American Tower, which will be used to pay down debt.
The company is expected to report third-quarter financial results in October. American Tower has beat analyst revenue estimates in 13 straight quarters. Several analysts have <a href="https://www.benzinga.com/quote/AMT/analyst-ratings">raised their price targets</a> on the stock ahead of the third-quarter earnings report.
American Tower CEO Steven Vondran highlighted the company's organic tenant billings growth and strong new business for data centers, leading to a guidance increase after <a href="https://www.benzinga.com/news/earnings/24/07/40048253/american-tower-q2-earnings-revenue-and-tenant-billings-growth-ceo-focuses-on-india-us-canada-segmen">second-quarter results.</a>
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="501" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102124/Screenshot-178.png" alt="" class="wp-image-547124" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102124/Screenshot-178.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102124/Screenshot-178-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102124/Screenshot-178-768x387.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Visionary Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>): The smallest company on the list for the week is also the biggest gainer. Visionary Holdings shares saw strong interest after <a href="https://www.benzinga.com/markets/equities/24/09/40836061/saudi-pif-backs-visionary-holdings-with-120m-investment-big-boost-for-ai-education-real-estate">the company announced</a> the Saudi Arabia Public Investment Fund (PIF) backed the company with up to a $120 million investment. 
The memorandum of understanding will help support several projects for the company, including acquisitions, upgrades, debt optimization and more. The two parties have also said they will collaborate on technology, life sciences and AI education initiatives. Visionary Holdings is a private educator in Canada and has market partners in China.
The stock has been highly volatile over the last week, with shares halted Thursday on the news. Investors should be aware that the company is small, with a market capitalization of $16 million.
Visionary Holdings shares were up 98% over the last week.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="504" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102139/Screenshot-179.png" alt="" class="wp-image-547125" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102139/Screenshot-179.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102139/Screenshot-179-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102139/Screenshot-179-768x389.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Stay tuned for next week&#8217;s report, and follow Benzinga Pro for all the latest headlines and&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091324&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/08/40284758/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">August 9</a></li>
<li><a href="https://www.benzinga.com/general/biotech/24/08/40420145/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">August 16</a></li>
<li><a href="https://www.benzinga.com/top-stories/24/08/40531771/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">August 23</a></li>
<li><a href="https://www.benzinga.com/exclusives/24/08/40653930/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">August 30</a></li>
<li><a href="https://www.benzinga.com/general/biotech/24/09/40752686/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">September 6 </a></li>
</ul>
Read Next: 
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</ul>
Image courtesy of Benzinga.

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

BMO Capital analyst Ari Klein maintains American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) with a Outperform and raises the price target from $246 to $260.

BMO Capital Maintains Outperform on American Tower, Raises Price Target to $260

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Needham raised the price target for Docebo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCBO#NASDAQ">DCBO</a>) from $45 to $50. Needham analyst Ryan MacDonald maintained a Buy rating. Docebo shares fell 0.9% to close at $41.29 on Wednesday. <a href="https://www.benzinga.com/quote/DCBO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Ascendiant Capital increased the price target for RenovoRx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNXT#NASDAQ">RNXT</a>) from $8 to $8.25.. Ascendiant Capital analyst Edward Woo maintained a Buy rating. RenovoRx shares rose 0.1% to close at $1.05 on Wednesday. <a href="https://www.benzinga.com/quote/rnxt/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. raised Instil Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIL#NASDAQ">TIL</a>) price target from $25 to $40. HC Wainwright &amp; Co. analyst Mitchell Kapoor maintained a Buy rating. Instil Bio shares gained 20.6% to close at $29.65 on Wednesday. <a href="https://www.benzinga.com/quote/til/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird cut Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) price target from $580 to $535. Baird analyst David Tarantino maintained an Outperform rating. Domino&#8217;s shares fell 2.1% to close at $407.97 on Wednesday. <a href="https://www.benzinga.com/quote/dpz/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler raised the price target for Exact Sciences Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>) from $75 to $85. Piper Sandler analyst David Westenberg maintained an Overweight rating. Exact Sciences shares gained 9.8% to close at $64.12 on Wednesday. <a href="https://www.benzinga.com/quote/exas/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities boosted Aramark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARMK#NYSE">ARMK</a>) price target from $37 to $42. Truist Securities analyst Jasper Bibb maintained a Buy rating. Aramark shares gained 0.5% to close at $37.99 on Wednesday. <a href="https://www.benzinga.com/quote/armk/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley increased TransUnion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRU#NYSE">TRU</a>) price target from $96 to $103. Morgan Stanley analyst Toni Kaplan maintained an Overweight rating. TransUnion shares rose 0.2% to close at $96.44 on Wednesday. <a href="https://www.benzinga.com/quote/tru/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho cut the price target for Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) from $45 to $38. Mizuho analyst David Bellinger maintained a Neutral rating. Advance Auto Parts shares rose 0.6% to close at $38.77 on Wednesday. <a href="https://www.benzinga.com/quote/aap/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho boosted American Tower Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) price target from $205 to $221. Mizuho analyst Vikram Malhorta maintained a Neutral rating. American Tower shares fell 1.6% to close at $238.97 on Wednesday. <a href="https://www.benzinga.com/quote/amt/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BTIG raised Alcon Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALC#NYSE">ALC</a>) price target from $98 to $104. BTIG analyst Ryan Zimmerman maintained a Buy rating. Alcon shares rose 0.1% to close at $98.22 on Wednesday. <a href="https://www.benzinga.com/quote/dpz/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying EXAS stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="517" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12075315/image-100-1024x517.png" alt="" class="wp-image-544353" style="width:612px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12075315/image-100-1024x517.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12075315/image-100-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12075315/image-100-768x387.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12075315/image-100.png 1342w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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In the latest quarter, 10 analysts provided ratings for American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>), showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for American Tower, presenting an average target of $236.5, a high estimate of $248.00, and a low estimate of $221.00. This upward trend is evident, with the current average reflecting a 7.99% increase from the previous average price target of $219.00.
<img src="https://www.benzinga.com/files/images/story/2024/1726142459_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The analysis of recent analyst actions sheds light on the perception of American Tower by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vikram Malhorta</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$221.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Jonathan Atkin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$236.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Matthew Niknam</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$235.00</td>
<td>$212.00</td>
</tr>
<tr>
<td>Maher Yaghi</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$248.00</td>
<td>$223.00</td>
</tr>
<tr>
<td>Colby Synesael</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$239.00</td>
<td>$226.00</td>
</tr>
<tr>
<td>Eric Luebchow</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$245.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Ari Klein</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$246.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Philip Cusick</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$240.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Eric Luebchow</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$225.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>James Schneider</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Buy</td>
<td>$230.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to American Tower. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of American Tower compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of American Tower's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of American Tower's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/AMT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on American Tower analyst ratings.</a>
<h2>Discovering American Tower: A Closer Look</h2>
American Tower owns and operates more than 220,000 cell towers throughout the us, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 us markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the us, which accounted for almost half of the company's total revenue in 2023. Outside the us, American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as a REIT.
<h3>American Tower: Delving into Financials</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: American Tower's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 4.64%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 31.04%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): American Tower's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 22.78% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): American Tower's ROA excels beyond industry benchmarks, reaching 1.36%. This signifies efficient management of assets and strong financial health.
Debt Management: American Tower's debt-to-equity ratio stands notably higher than the industry average, reaching 12.29. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: Simplified</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 10 Ratings For American Tower

Mizuho analyst Vikram Malhorta maintains American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) with a Neutral and raises the price target from $205 to $221.

Mizuho Maintains Neutral on American Tower, Raises Price Target to $221

American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) has outperformed the market over the past 15 years by 1.83% on an annualized basis producing an average annual return of 13.28%. Currently, American Tower has a market capitalization of $111.21 billion. 
Buying $1000 In AMT: If an investor had bought $1000 of AMT stock 15 years ago, it would be worth $6,654.56 today based on a price of $238.10 for AMT at the time of writing.
<h3>American Tower's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726070416_0.png" alt="comp_fig" />
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 content engine and reviewed by an editor.

Here's How Much $1000 Invested In American Tower 15 Years Ago Would Be Worth Today

American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) has outperformed the market over the past 15 years by 1.71% on an annualized basis producing an average annual return of 13.64%. Currently, American Tower has a market capitalization of $102.52 billion. 
Buying $1000 In AMT: If an investor had bought $1000 of AMT stock 15 years ago, it would be worth $6,763.94 today based on a price of $219.49 for AMT at the time of writing.
<h3>American Tower's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724272211_0.png" alt="comp_fig" />
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 content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning American Tower Stock In The Last 15 Years

RBC Capital analyst Jonathan Atkin maintains American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) with a Outperform and raises the price target from $225 to $236.

RBC Capital Maintains Outperform on American Tower, Raises Price Target to $236

Benzinga's options scanner has just identified more than 12 option transactions on American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>), with a cumulative value of $799,652. Concurrently, our algorithms picked up 9 puts, worth a total of 705,932.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $220.0 for American Tower, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for American Tower options trades today is 855.5 with a total volume of 13,506.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for American Tower's big money trades within a strike price range of $200.0 to $220.0 over the last 30 days.
<h3>American Tower Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723667434_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$4.6</td>
<td>$4.0</td>
<td>$4.1</td>
<td>$220.00</td>
<td>$289.7K</td>
<td>2.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>AMT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$4.8</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$220.00</td>
<td>$135.3K</td>
<td>2.4K</td>
<td>320</td>
</tr>
<tr>
<td>AMT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$14.2</td>
<td>$13.7</td>
<td>$14.2</td>
<td>$210.00</td>
<td>$93.7K</td>
<td>579</td>
<td>88</td>
</tr>
<tr>
<td>AMT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$4.5</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$220.00</td>
<td>$44.5K</td>
<td>2.4K</td>
<td>2.0K</td>
</tr>
<tr>
<td>AMT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$4.3</td>
<td>$4.0</td>
<td>$4.0</td>
<td>$220.00</td>
<td>$42.4K</td>
<td>2.4K</td>
<td>1.9K</td>
</tr>
</tbody>
</table>

<h3>About American Tower</h3>
American Tower owns and operates more than 220,000 cell towers throughout the us, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 us markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the us, which accounted for almost half of the company's total revenue in 2023. Outside the us, American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as a REIT.
In light of the recent options history for American Tower, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of American Tower</h3>
<ul>
<li>Currently trading with a volume of 2,289,241, the AMT's price is up by 0.23%, now at $223.18. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 71 days.</li>
</ul>
<h3>What The Experts Say On American Tower</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $243.6.
<ul>
<li>Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on American Tower with a target price of $246. </li>
<li>Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for American Tower, targeting a price of $245. </li>
<li>An analyst from JP Morgan has decided to maintain their Overweight rating on American Tower, which currently sits at a price target of $240. </li>
<li>An analyst from TD Cowen persists with their Buy rating on American Tower, maintaining a target price of $239. </li>
<li>Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for American Tower, targeting a price of $248. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest American Tower options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

A Closer Look at American Tower's Options Market Dynamics

Deutsche Bank analyst Matthew Niknam maintains American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) with a Buy and raises the price target from $212 to $235.

Deutsche Bank Maintains Buy on American Tower, Raises Price Target to $235

American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) has outperformed the market over the past 15 years by 1.8% on an annualized basis producing an average annual return of 13.72%. Currently, American Tower has a market capitalization of $105.82 billion. 
Buying $100 In AMT: If an investor had bought $100 of AMT stock 15 years ago, it would be worth $685.92 today based on a price of $226.55 for AMT at the time of writing.
<h3>American Tower's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723577447_0.png" alt="comp_fig" />
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 content engine and reviewed by an editor.

If You Invested $100 In This Stock 15 Years Ago, You Would Have $700 Today

Disclosed on August 6, Joseph Robert Meyer JR, SVP &amp; Chief Accounting Officer at American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: JR opted to sell 2,181 shares of American Tower, according to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001053507/000105350724000107//Archives/edgar/data/1053507/000105350724000107/0001053507-24-000107-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday. The transaction's total worth stands at $508,020.
As of Wednesday morning, American Tower shares are up by 0.49%, currently priced at $229.28.
<h3>Delving into American Tower's Background</h3>
American Tower owns and operates more than 220,000 cell towers throughout the us, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 us markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the us, which accounted for almost half of the company's total revenue in 2023. Outside the us, American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as a REIT.
<h3>Financial Milestones: American Tower's Journey</h3>
Revenue Growth: Over the 3 months period, American Tower showcased positive performance, achieving a revenue growth rate of 4.64% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 71.66%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): American Tower's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 1.93.
</li>
</ul>
Debt Management: American Tower's debt-to-equity ratio surpasses industry norms, standing at 12.29. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 42.81 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 9.41 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Boasting an EV/EBITDA ratio of 22.21, American Tower demonstrates a robust market valuation, outperforming industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
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<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001053507">Check Out The Full List Of American Tower's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

SVP & Chief Accounting Officer Of American Tower Sold $508K In Stock

As of Aug 5, 2024, two stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the<a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Ventas Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTR#NYSE">VTR</a>)</h3>
<ul>
<li>On Aug. 1, Ventas posted better-than-expected quarterly results. &#8220;We started 2024 with momentum, which continued in the second quarter as we delivered another quarter of strong results. We are executing on our focused strategy to capture the unprecedented multiyear growth opportunity in senior housing,&#8221; said Debra A. Cafaro, Ventas Chairman and CEO. The company's stock gained around 8% over the past month and has a <a href="https://www.benzinga.com/quote/VTR">52-week high of $57.16</a>.</li>
<li>RSI Value: 78.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>VTR Price Action: Shares of Ventas gained 0.3% to trade at $56.54 on Monday.</li>
</ul>
<h3 class="wp-block-heading">American Tower Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>)</h3>
<ul>
<li>On July 30, American Tower reported better-than-expected second-quarter financial results. Steven Vondran, American Tower&#8217;s Chief Executive Officer, stated, &#8220;The momentum from the start of the year extended into Q2, with core results highlighting the strong underlying demand for our portfolio of communications assets. Positive collection trends further accelerated in India, our U.S. &amp; Canada segment delivered over 5% Organic Tenant Billings Growth and CoreSite achieved its second highest quarter of signed new business on record, all supporting over 13% Attributable AFFO per Share growth in the quarter, and our ability to raise the midpoints of the key financial measures in our updated 2024 outlook.&#8221; The company's stock gained around 18% over the past month and <a href="https://www.benzinga.com/quote/AMT">has a 52-week high </a>of $236.13.</li>
<li>RSI Value: 73.03</li>
<li>AMT Price Action: Shares of American Tower fell 2% to trade at $230.00 on Monday.</li>
</ul>
Read More:<a href="https://www.benzinga.com/news/24/08/40161976/home-depot-to-rally-more-than-14-here-are-10-top-analyst-forecasts-for-monday"> </a>
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40161976/home-depot-to-rally-more-than-14-here-are-10-top-analyst-forecasts-for-monday">Home Depot To Rally More Than 14%? Here Are 10 Top Analyst Forecasts For Monday</a></li>
</ul>

WIIM

Shares of some REITs are trading higher amid a drop in Treasury yields.

Iron Mountain Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/irm#NYSE">IRM</a>) reported second-quarter 2024 adjusted funds from operations (AFFO) per share of $1.08, beating the Zacks Consensus Estimate of $1.06.
Reflecting positive sentiments, shares of Iron Mountain have gained nearly 5% in the initial hours of the trading session today. The results reflect solid performances in the storage and service segments and the data center business. However, higher interest expenses in the quarter acted as a dampener. The company reaffirmed its outlook for 2024.
Quarterly total revenues of $1.53 billion outpaced the Zacks Consensus Estimate of $1.50 billion.
On a year-over-year basis, AFFO per share and total revenues increased 10.2% and 13%, respectively.
According to William L. Meaney, president and CEO of Iron Mountain, &quot;We continue to execute well on our growth strategy and are pleased to report a very strong second quarter, again resulting in all-time record Revenue and Adjusted EBITDA. We are grateful to our team, who continue to drive toward our Project Matterhorn growth targets, including top-tier growth in AFFO, which enabled us to increase the dividend by 10%. This is in line with our long-term plan to increase the dividend alongside growth in AFFO per share.&quot;
<h3>Behind the Headlines</h3>
Storage rental revenues were $919.7 million in the second quarter, up 10.7% year over year. We had estimated quarterly storage rental revenues to be $910.4 million.
Service revenues increased 16.6% from the prior-year quarter to $614.7 million.
The Global Data Center business reported revenues of $152.7 million in the second quarter, rising 29.4% year over year. Our estimate was pegged at $157 million.
The adjusted EBITDA rose 14.4% year over year to $544.4 million. The adjusted EBITDA margin came at 35.5%, rising 50 basis points year over year.
However, interest expenses flared up 22.4% year over year to $176.5 million in the quarter. We projected the metric to be $158.2 million.
<h3>Balance-Sheet Position</h3>
IRM exited the second quarter with $144.3 million of cash and cash equivalents, down from $191.7 million as of Mar 31, 2024.
<h3>Dividend Update</h3>
Concurrently, IRM announced a quarterly cash dividend of 71.5 cents per share for the third quarter of 2024, indicating an increase of 10% from the prior payout. The dividend will be paid out on Oct 3, 2024, to its shareholders on record as of Sep 16, 2024.
<h3>2024 Guidance</h3>
Iron Mountain reaffirmed its guidance for 2024 and now expects to be toward the upper end of the 2024 guidance range.
It expects AFFO per share of $4.39-$4.51. The Zacks Consensus Estimate for the same is pegged at $4.44, which lies within the company&#39;s guided range.
Revenues are estimated to be $6.00-$6.15 billion, while adjusted EBITDA is anticipated to be $2.175-$2.225 billion.
Iron Mountain currently carries a Zacks Rank #3 (Hold).
<div class="chart_embed">
<h3>Iron Mountain Incorporated Price, Consensus and EPS Surprise</h3>
<img alt="Iron Mountain Incorporated Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/05/1722524455.png" style="height:265px; width:584px" title="" />
Iron Mountain Incorporated price-consensus-eps-surprise-chart | Iron Mountain Incorporated Quote
</div>
<h3>Performance of Other REITs</h3>
American Tower Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amt#NYSE">AMT</a>) reported second-quarter AFFO per share, attributable to AMT common stockholders, of $2.79, beating the Zacks Consensus Estimate of $2.53. The figure climbed 13.4% year over year.
Results reflect better-than-anticipated revenues, aided by revenue growth across its Property segment. AMT recorded healthy year-over-year organic tenant billings growth of 5.3% and total tenant billings growth of 6.1%. It has also raised its 2024 outlook.
SBA Communications Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbac#NASDAQ">SBAC</a>) reported second-quarter 2024 AFFO per share of $3.29, beating the Zacks Consensus Estimate by a whisker. Moreover, the figure reflects a rise of 1.5% from the prior-year quarter.
Results reflected a decent improvement in site leasing revenues. It continues to benefit from the addition of sites to its portfolio. However, lower revenues posted by site development hurt the results to some extent. SBAC lowered its 2024 outlook.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2314521/iron-mountain-s-irm-q2-affo-beat-estimates-revenues-rise-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2314521">To read this article on Zacks.com click here.</a>

Earnings

REIT

Guidance

Real Estate

SBAC

Iron Mountain's Q2 AFFO Beat Estimates, Revenues Rise Y/Y

Scotiabank analyst Maher Yaghi maintains American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) with a Sector Outperform and raises the price target from $223 to $248.

Scotiabank Maintains Sector Outperform on American Tower, Raises Price Target to $248

TD Cowen analyst Colby Synesael maintains American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) with a Buy and raises the price target from $226 to $239.

TD Cowen Maintains Buy on American Tower, Raises Price Target to $239

Wells Fargo analyst Eric Luebchow maintains American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) with a Overweight and raises the price target from $225 to $245.

Wells Fargo Maintains Overweight on American Tower, Raises Price Target to $245

&nbsp;Stonepeak Holds 85% Equity, CoreSite 15%; CoreSite To Operate DE3 Facility; Investment Through Stonepeak Opportunities Fund

Stonepeak And CoreSite Form Joint Venture To Develop 18MW Data Center In Denver

JP Morgan analyst Philip Cusick maintains American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) with a Overweight and raises the price target from $230 to $240.

JP Morgan Maintains Overweight on American Tower, Raises Price Target to $240

Deals this week: Qualcomm, Squarespace, Adnoc, General Mills and more

Most and least shorted S&P 500 real estate stocks in August

UTF: A Solid Infrastructure Fund For Monthly Distributions

High yield REITs are attractive for income investors.

3 High Yield REITs For Passive Income

American Tower: 5G Reacceleration, But Volatility Comes First (Rating Upgrade)

The State Of REITs: September 2024 Edition

'No pain, no gain,' just look at stocks that jumped nearly 1,000% in a 5-year time span

American Tower: Long Way Down

In this video, I take a closer look at the week's notable events and discuss what to watch for in the coming week.

Masters In Trading - Saturday, Sept. 21

Insider trades: Notable buys and sells by significant shareholders, executives and directors

ADBE

ALIM

ANIP

BBRE

BKNG

BSRUF

BYRE

CELTF

CHCT

CRED

CRZBF

CRZBY

DCRE

DFAR

DFGR

DXCM

ERET

FREL

FYBR

GOOG

GREI

HAUS

INDS

INST

INTC

ISRG

JBGS

JPRE

KBWY

MEOH

NETL

NFLX

NPSCY

NURE

NVDA

NXRT

PPTY

PSEC

QCOM

RDOG

RITA

ROOF

RSPR

SBUX

SCHH

SIRI

SOJC

SOJD

SOJE

SQSP

SRET

SRVR

SVNDY

TSLA

UNCFF

UNCRY

USRT

UUUU

VRAI

VSTO

WHLR

WTRE

XLRE

Press Releases

American Tower Plans Second Quarter 2024 Earnings Release and Conference Call

CoreSite Releases 2024 State of the Data Center Report Highlighting Acceleration of Hybrid IT Model Adoption to Support Today's IT Workloads

American Tower Corporation Releases 2023 Sustainability Executive Report

American Tower Corporation Reports Second Quarter 2024 Financial Results

Stonepeak Forms Joint Venture with American Tower to Construct a New Data Center in Denver, Colorado

American Tower Corporation Announces Participation in Upcoming August Investor Conferences

Windstream Wholesale Expands Presence in Boston with CoreSite

American Tower Corporation Announces Participation in Upcoming September Investor Conferences

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American Tower (AMT) Forecast

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