|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||134.75 - 137.68|
|52-week range||102.73 - 155.28|
|PE ratio (TTM)||52.31|
|Forward dividend & yield||2.80 (2.03%)|
|1y target est||N/A|
Cousins Properties' (CUZ) renewal and expansion lease with Bank of America, N.A. highlights decent demand for its best-in-class office properties.
American Tower (AMT) deployed $600 million of capital in 3Q17, bringing its year-to-date amount to $3.6 billion. It spent $488 million on discretionary capex (capital expenditure) for construction and an increase in capacity for its existing sites and acquire land. It spent $90 million in the form of non-discretionary capex.
Zacks Industry Outlook Highlights: BRT Apartments, American Tower, Terreno Realty and Select Income
During 3Q17, American Tower (AMT) strengthened its revenues on higher organic growth in domestic and international markets such as India and Mexico. REITs are heavily dependent on debt for their routine activities, so they need to maintain a strong balance sheet. AMT’s debt-to-equity ratio stands at 2.96x, which is much higher than the industry average of 1.03x.
American Tower (AMT) stated in its 3Q17 earnings call, “According to Cisco, the average U.S. smartphone now consumes more than 4.4 gigabits of data per month, a 33% increase from just one year ago.” The increase is mainly due to video consumption, which has increased due to unlimited data plans offered by all major US wireless carriers. Data usage is also increasing in international markets due to smartphone penetration. Data usage is expected on average to increase 50% by 2021 in Mexico, India, Brazil, South Africa, and Nigeria.
American Tower Corp. (AMT) has a highly diversified business model. Apart from United States, the company has a strong foothold in Asia (especially in India), Latin America, Europe and the Middle East.
Liberty Global's (LBTYA) decision to clear a new buyback program reflects financial strength. Such investor-friendly measures are widely prevalent in the U.S. market.
Spark Therapeutics, Tractor Supply Company, and American Tower look like companies that could double their stock prices in relatively short order.
American Tower Corp. said Thursday its board has approved a stock buyback program of up to $2 billion. The company has about $345 million remaining under its current authorization approved in March 2011. ...
A Relative Strength Rating upgrade for American Tower REIT shows improving technical performance. Will it continue?
American Tower (AMT) continues to benefit from increased investment in 5G networks. However, high customer concentration is likely to affect the top line.
The U.S. telecom industry remained rather subdued last week. Nevertheless, a few developments are worth taking note of.