|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|
|Earnings date||27 Feb 2018|
|Forward dividend & yield||2.80 (2.03%)|
|1y target est||163.18|
American Tower Corporation announced today that the press announcement of its fourth quarter and full year 2017 results is scheduled to be released to the news services at 7:00 a.m.
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.
American Tower Corporation today announced that Jim Taiclet, its Chairman, President and Chief Executive Officer, is scheduled to deliver a keynote at the Citi 2018 Global TMT West Conference in Las Vegas, Nevada, on Tuesday, January 9, 2018 at 10:15 a.m.
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. ...
American Tower Corporation announced that its board of directors has declared its quarterly cash distribution of $0.70 per share on shares of the Company’s common stock.
A Relative Strength Rating upgrade for American Tower REIT shows improving technical performance. Will it continue?