|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||140.12 - 142.02|
|52-week range||130.37 - 155.28|
|PE ratio (TTM)||53.38|
|Earnings date||31 Jul 2018|
|Forward dividend & yield||3.08 (2.11%)|
|1y target est||157.80|
Extensive tower portfolio, higher revenues from new leasing activity and contracted tenant escalation buoy Crown Castle's (CCI) Q2 results. Also, the company raises outlook for 2018.
It sounds like an unbeatable deal for investors: a way to not only grow wealth but to do so with better performance than the overall market and while acting in concert with their moral values. This is the promise of sustainable investing, one of the trendiest strategies on Wall Street, but one where the effectiveness remains highly debated and skepticism about long-term performance is preventing even more broad-based adoption. Proponents argue that the stocks or bonds with higher ESG scores will also see better long-term performance relative to benchmark indexes like the S&P 500 (SPX) .
Since price-to-FFO (funds from operations) ratios consider depreciation and other adjustments, they’re suitable for valuing REITs. While American Tower’s (AMT) TTM (trailing-12-month) price-to-FFO ratio is 22.1x, main competitors Crown Castle (CCI), Realty Income (O), and Simon Property (SPG) have TTM price-to-FFO ratios of 25.9x, 18.9x, and 15.1x, respectively, meaning AMT is trading at a discount to Crown Castle but at a premium to Realty Income and Simon Property.
American Tower’s (AMT) consistently strong performance and encouraging outlook for 2018 have instilled confidence among analysts, as reflected in their ratings. Analysts’ target price of $158.50 for AMT implies a 10.7% rise from its current price of $143.23. In 2017, the stock gained 33.5%.
Donald Trump’s Tax Cut and Jobs Act is expected to have positive effects on the entire telecom industry. Its enactment has brought down tax rates to 21% from 35% and allows companies to repatriate overseas cash by paying a one-time tax of 15.5% instead of 35%. In the first quarter, American Tower’s (AMT) income tax benefit rose YoY (year-over-year) to $31.3 million from $27 million. American Tower anticipates a $10 million tax reduction in 2018, which could boost its consolidated adjusted funds from operations.
American Tower’s (AMT) core strategy lies in the expansion and acquisition of properties, towers, and fiber cells. Simultaneously, being a REIT, it has to pay at least 90% of its taxable income in the form of dividends. American Tower, with a disciplined capital allocation approach, has continued investing in its businesses—not just for growth but also to boost returns to shareholders.
American Tower’s (AMT) global expansion strategy, which includes acquisitions and joint ventures in several countries (mainly in developing nations), is likely to continue supporting its top line. The company’s international revenue contribution rose from 36% in 2014 to 45% in 2017. During the first quarter, the company’s international revenue grew ~11% year-over-year.
American Tower (AMT) generates ~55% of its revenue from the US market. In the last reported quarter, its US property revenue grew 4.4% YoY (year-over-year), while its organic tenant revenue grew 6.3% YoY. Accelerated 5G (fifth-generation) deployment by domestic wireless network carriers and the mobile industry’s continuous evolution are expected to further drive demand for communication sites and towers, boosting American Tower’s US property revenue.
Maintaining his campaign pledge, Donald Trump has ramped up the US-China trade war. Prior to the tariff announcement, the Trump administration withdrew from the Trans-Pacific Partnership and initiated an investigation into China’s alleged theft of American intellectual property.
American Tower’s (AMT) top line has grown. In the second quarter, analysts expect the company’s revenue to grow 6% YoY (year-over-year) to $1.76 billion, boosted by its global expansion strategies and 5G (fifth-generation) network deployment in the United States. However, industry consolidation in domestic and global markets may result in a higher churn rate, possibly offsetting the growth.
American Tower (AMT) is slated to release its second-quarter 2018 results on July 31. Analysts expect its AFFO (adjusted funds from operations) to rise 10.1% YoY (year-over-year) to $1.74 per share.
Crown Castle International's (CCI) Q2 results likely to reflect benefits from a well-located tower portfolio. However, its top line might display impact of stiff competition in the industry.
American Tower Corporation announced today that the press announcement of its second quarter 2018 results is scheduled to be released to the news services at 7:00 a.m. ET on Tuesday, July 31, 2018.
Target price: $200 Recent price: $139.64 Timeframe: 2-5 years Company Overview: American Tower is an owner and operator of towers used for wireless communication. AMT is in a tower real estate business that is benefitted directly by advancement of technology and demand for higher data consumption. Multiple tenants lease vertical space on the tower to place their communications equipment.
In the recently concluded first quarter, more than 95% of REITs reported earnings beats and maintained their guidances for 2018. Retail sector REITs, which were battered in 2017, have now stabilized, and industrial (LXP) and hotel (PEB) REITs beat expectations in the first quarter. The laggards in the first-quarter earnings season were the REITs investing in student housing, cell towers (AMT), and apartments (APT).
American Tower Corporation today announced that Tom Bartlett, its Executive Vice President, Chief Financial Officer and Treasurer, is scheduled to present at Nareit’s REITweek 2018 Investor Conference in New York, New York, on Wednesday, June 6, 2018 at 9:30 a.m.
BOSTON--(BUSINESSWIRE)-- American Tower Corporation (NYSE: AMT) today announced that Leah Stearns, CEO of the Company’s EMEA region, is scheduled to present at the Bank of America Merrill Lynch Global ...
American Tower Corporation today announced that Leah Stearns, CEO of the Company’s EMEA region, is scheduled to present at the Bank of America Merrill Lynch Global Telecom, Media & Technology Conference in London, England, on Wednesday, June 6, 2018 at 9:20 a.m.
American Tower Corporation announced that its board of directors has declared its quarterly cash distribution of $0.77 per share on shares of the Company’s common stock.
American Tower Corporation today announced that Igor Khislavsky, its Senior Director, Investor Relations, is scheduled to present at the Cowen and Company 46th Annual Technology, Media & Telecom Conference in New York, New York, on Wednesday, May 30, 2018 at 3:55 p.m.