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AMT

American Tower Corporation (REIT) New York Stock Exchange
$225.2
Open: $223.75 High: $225 Low: $218.36 Close: $224
Range: 2021-01-21 - 2021-01-22
Volume: 3,482,744
Market: Closed
Powered by Finage Stock APIDelayed data
AMT
American Tower Corporation (REIT) 116 Huntington Avenue Boston MA, 2116 http://www.americantower.com
American Tower Corp is a real estate investment trust and an owner, operator and developer of multitenant communications real estate. The company leases the space of communications sites to wireless service providers, and wireless data providers.
  • CEO: James D. Taiclet
  • Employees: 4,752
  • Sector: Communication Services
  • Industry: Communication Services
AMT News
Latest news about the AMT
  • American Tower Corporation Announces Tax Reporting Information for 2020 Distributions

    American Tower Corporation (NYSE: AMT) today announced year-end tax reporting information for its 2020 distributions. Stockholders are urged to consult with their personal tax advisors as to their specific tax treatment.

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  • American Tower Corporation Announces Election of Kenneth R. Frank to Board of Directors

    American Tower Corporation (NYSE: AMT) announced that its Board of Directors has elected Kenneth R. Frank as a director.

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  • Cramer Shares His Thoughts On American Airlines, American Tower And More

    On CNBC's latest "Mad Money Lightning Round," Jim Cramer said American Airlines Group Inc (NASDAQ: AAL) has moved up too much. He would buy Boeing Co (NYSE: BA) instead.Cramer prefers Crown Castle International Corp (NYSE: CCI) over American Tower Corp (NYSE: AMT).The day for Opko Health Inc. (NASDAQ: OPK) is not arriving, at least not anytime soon, thinks Cramer.General Motors Company (NYSE: GM) could be worth far more, said Cramer, adding that it is "real good" -- though it will never be the next Tesla Inc (NASDAQ: TSLA).If you want a speculative stock, Surface Oncology Inc (NASDAQ: SURF) is a very good place to be.S&P Global Inc (NYSE: SPGI) is a remarkable company, said Cramer. He would buy more. See more from Benzinga * Click here for options trades from Benzinga * 'Fast Money' Picks For January 19 * Mike Khouw Sees Unusual Call Options Activity In Virgin Galactic(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • 15 Biggest Real Estate Companies in the World

    In this article, we are going to list the 15 biggest real estate companies in the world. Click to skip ahead and jump to the 5 biggest real estate companies in the world. The real estate industry is a big business that generates hundreds of billions of dollars of revenue annually, and there are plenty of opportunities […]

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  • American Tower Corporation -- Moody's affirms American Tower's ratings following Telxius announcement, stable outlook

    Moody's Investors Service, ("Moody's") has affirmed American Tower Corporation ("American Tower")'s senior unsecured rating at Baa3. The rating affirmation follows the tower REIT's announcement that it has entered into an agreement to acquire Telxius Towers, a portfolio of about 31,000 existing communication sites in Europe and Latin America, for total consideration of E7.7 billion ($9.4 billion at current exchange rates).

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  • 4 Perfect Stocks to Start Your Retirement Portfolio

    Picking retirement stocks is never an easy task. Stocks historically generated long-term gains that are bigger than those of any other asset class. However, picking retirement stocks is easier said than done. You always have a new sector upending the markets. This past year we saw that with electric vehicle stocks. Along with risky SPAC plays, they went hyperbolic. And the momentum doesn’t seem to stop. However, retirees must figure out how to produce enough income without a job. They shouldn’t operate with the same mentality as swing traders, a trading style that attempts to capture short- to medium-term gains. Since 1926, large stocks delivered an average of 10% return per year. And at no point have they lost ground over any period of 20 years or longer during that time. But the key theme here is that you have to go long to maximize your gains. Something that retirees can do, so long as the income stream is stable. It also goes without saying that the best retirement stocks have excellent yields. A good track record of dividend payments is a strong sign of security and is very attractive to income-oriented customers. Most of the retirement stocks we discuss in this list are real estate investment trusts, or REITs. REITs own or finance income-producing real estate across a range of property sectors. The reason for their selection is REITs must distribute at least 90% of their taxable income to shareholders annually via dividends.InvestorPlace - Stock Market News, Stock Advice & Trading Tips 9 Stocks That Investors Think Are the Next Amazon Therefore, without further ado, let’s look at four of the best retirement stocks to start planning for your future: Healthcare Trust of America (NYSE:HTA) Extra Space Storage (NYSE:EXR) American Tower (NYSE:AMT) AT&T (NYSE:T) Retirement Stocks: Healthcare Trust of America (HTA) Source: Shutterstock Healthcare Trust of America is a safe way to play the medical sector. Investors are looking to fill up their portfolio with biotechs and pharmaceuticals in the hopes of striking gold. Whether or not any one of these picks manages to create a vaccine is irrelevant. Unless you diversify your portfolio with a host of names, you could get burned pretty badly. That’s where HTA stock comes in. It’s a REIT that invests in medical office buildings. Medical professionals will continue to use these buildings regardless of whether their work revolves around developing vaccines or not. Let’s face it. Like most advanced developed nations, America is aging. The baby boomer generation has the disposable income to spend on quality medical facilities, which will keep demand up for the 25 million square feet of office space that HTA has at its disposal. Granted, there was a decrease in funds from operations per share in the second quarter of 2020. But things are pretty much back to pre-pandemic levels as of Q3. HTA hiked its dividend, reported normalized FFO of $0.43 per diluted share – a record for HTA – and revenue, NOI, adjusted EBITDA growth across the board. From a dividend perspective, you can’t get any more rock-solid than this one. Due to the steady net operating income growth, the company has consistently increased its dividend, leading to a very healthy yield at the moment of 4.8%. Considering that it’s a REIT, expect money coming into your account on a very regular basis if you buy HTA stock. Just the kind of investment you need when you have your feet up and enjoying traveling the world or remodeling your home. Extra Space Storage (EXR) Source: Shutterstock Our next entry is one of the largest self-storage REITs in the U.S. and is a member of the S&P 500. It has a fairly diversified portfolio. With a dividend yield of 3.2%, it is an excellent pick for long-term growth and stable returns. Despite the novel coronavirus pandemic, EXR managed to increase core FFO/share by 5.6% year-over-year to $1.31 in Q3’20. The business model is recession-resistant, so I am not surprised by the performance. Same-store occupancy is an excellent 95.9%, 210 basis points higher than the year-ago figure. From a financial health perspective, everything looks OK. The self-storage REIT has a solid balance sheet, with a debt-to-EBITDA of 6.07 times. That is par for the course if we are talking REITs. Its interest coverage ratio is a solid 3.7 times, and sales growth is a solid 11.3% for the last five years. Because of the factors discussed, the payout is not in danger. By 2025, the self-storage market’s valuation is expected to grow to $115.62 billion from $87.65 billion in 2019. A compound annual growth rate (CAGR) of 134.79% over the forecast period of 2020-2025. 9 Stocks That Investors Think Are the Next Amazon Ultimately, EXR stock should garner your attention because of its solid balance sheet, strong occupancy and FFO/share growth, and juicy dividend yield. Shares are not the most affordable at the moment, trading at 31 times forward price-to-earnings. However, these are retirement stocks we are talking about. At this price, you are buying into an industry that will only grow, guaranteeing sustained income for several years to come. Retirement Stocks: American Tower (AMT) Source: Pavel Kapysh / Shutterstock.com For the final REIT on our list, we have another solid performer. Only this time, it’s in the broadcast communications space. American Tower is one of the largest providers of wireless communications services. The growing demand for 5G wireless streaming capability is pushing revenue higher for the communications REIT. Even before the pandemic, the world was marching to 5G network technology. But the current crisis has only exacerbated the need for faster uptake. That provides a secular trend that AMT can exploit in the United States and foreign countries. Operations are spread across the U.S., Germany, Ghana, Nigeria, Chile, Colombia, Costa Rica, Mexico, South Africa, Uganda, Brazil and Peru. So you get a lot of geographic diversification when you buy EXR stock, always a good thing when you don’t want to hedge your bets. The company recently reported AFFO earnings of $2.29, beating analyst expectations by 22 cents and growing 14.5% year-over-year. Total revenue was up 3% year-over-year and beat Wall Street analysts’ estimates by $40 million. AMT boosted its dividend 34 quarters in a row. The multitenant communications REIT has grown its dividend for the last nine consecutive years and is increasing its dividend by an average of 20.02% each year. American Tower pays 62.61% of its earnings as a dividend, but the yield of 2.3% is not in danger. The solid earnings and revenue growth allow the company to keep investing in the 5G expansion while maintaining healthy distributions. AT&T (T) Source: Roman Tiraspolsky / Shutterstock.com We finally have a non-REIT here. InvestorPlace readers know that I love T stock for a variety of reasons. The telecommunications giant has a solid business model and is all set to have a blockbuster 2021 due to HBO Max. There were certainly issues that the platform experienced at its launch. But these are resolved. Late last year, AT&T reached an agreement to bring the platform to Roku (NASDAQ:ROKU), finally bringing its content to one of the largest streaming services in the world. WarnerMedia announced that its entire movie slate for 2021 will release simultaneously in theaters and on HBO Max. The movies will stream on HBO Max for one month before leaving the platform for a period of time. According to AT&T CEO John Stankey, HBO Max, which closed the third quarter at 8.6 million active subscribers in the U.S., scored another 4 million to reach 12.6 million as of early December. Meanwhile, reports are also emerging that the company is in discussions with a group of banks to raise $14 billion to buy more 5G airwaves. The move is essential because control of 5G airwaves will decide which company will emerge as the leader in U.S. telecommunications. 9 Stocks That Investors Think Are the Next Amazon Now let’s talk about my favorite aspect of the company: its dividend yield of 7.2%. This compares very favorably with the industry yield of 3.5%. Only Vodafone (NASDAQ:VOD) comes close with a 6.2% yield among its peer group. AT&T increased its dividend distribution for 10 consecutive years. If you are looking for one of the best retirement stocks for your portfolio, look no further. On the date of publication, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post 4 Perfect Stocks to Start Your Retirement Portfolio appeared first on InvestorPlace.

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  • American Tower (AMT) Announces $9.4B Deal to Buy Telxius Towers

    American Tower's (AMT) acquisition of 31,000 communications sites will enable it to accelerate property revenues and organic tenant billings growth, and scale business in Europe.

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  • Why Shares of Telefonica Are Up Today

    Shares of Telefonica (NYSE: TEF) jumped 10% on Wednesday after the Spanish telecom company agreed to sell its European and South American towers and related assets to American Tower (NYSE: AMT). The deal makes sense for both parties, and as of this writing shares of American Tower are up slightly as well. On Wednesday Telefonica said its Telxius Telecom unit has agreed to sell towers in Spain, Germany, Brazil, Peru, Chile, and Argentina for 7.7 billion euros, or about $9.41 billion in cash.

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  • American Tower Enters Europe in $9.4 Billion Telefonica Deal

    (Bloomberg) -- Telefonica SA’s sale of telecommunication masts to American Tower Corp. opens a new front in the race to control Europe’s fast-growing tower industry.American Tower is paying 7.7 billion euros ($9.4 billion) cash for about 30,700 tower sites in Spain, Germany, Brazil, Peru, Chile and Argentina held by Telefonica unit Telxius Telecom. This marks the biggest threat yet to Cellnex Telecom SA, Europe’s biggest independent tower operator.American Tower had been evaluating dozens of deals across Europe for years but never found the right fit in terms of assets and prices, Chief Executive Officer Tom Bartlett said on a call with analysts Wednesday. With the Telefonica deal, AMT gets “premier assets” in Germany and Spain that will weave in well with the towers the company already controls in France, Bartlett said.Most of the Telefonica towers have as few as one tenant, and as a neutral host, AMT can take advantage of that by adding other carriers to the array, Bartlett said.“We expect to get an outsized share of the market over the next several years,” the AMT CEO said.The arrival of AMT comes as European carriers prepare a major network upgrade to 5G technology and have sought to sell towers to help finance those costs.Cellnex has snapped up assets across the region without much interference from U.S. rivals, including CK Hutchison Holdings Ltd.’s European masts for around 10 billion euros ($11.8 billion) in November. American Tower, along with fellow U.S. operator Crown Castle International Corp., had largely stayed away from Europe, at least until carriers started spinning off tens of thousands of masts to cut debt and pay for costly 5G rollouts.For Telefonica, whose shares jumped as much as 11%, it will help cut a 37 billion-euro debt pile, one of the biggest in the industry.What Bloomberg Intelligence Says“The deleveraging need justifies the sale, and the deal should reduce net leverage on an after-lease basis by 0.3x to 2.74x.”\--Erhan Gurses, telecom analystClick here to read the research.U.S. private equity firm KKR & Co. owns 40% of Telxius and Spanish billionaire Amancio Ortega owns close to 10% through his investment vehicle. The main pressure point for Cellnex is the foothold American Tower gains in Germany, the one big European market where the Spanish company is still absent.Germany is a “real crown jewel in the marketplace” especially as the region takes a “leadership position” in building out 5G, Bartlett said.American Tower said it would pay for the towers in a way that preserves its investment grade credit rating, and has raised financing from Bank of America Corp.The U.S. company has focused mostly on building towers in Africa, Latin America and India to sustain its international growth. In 2019 it bought Eaton Towers Ltd. for about $1.85 billion including debt to expand in Africa. American Tower and Telefonica already have partnerships in Brazil in optic fiber networks.Telefonica WindfallTelefonica said it expects to book a capital gain of around 3.5 billion euros and cut its net debt by about 4.6 billion euros.Telefonica’s shares were up 9.6% as of 3:40 p.m. in Madrid after rising as much as 11%, the biggest intraday gain since November. Cellnex was up 0.6% after initially falling as much as 2.4%.Phone companies in the region have been reluctant to lose control of the assets, seeing them as strategically important. The deal on Wednesday shows how some are willing to rethink that approach in an effort to reduce costs and raise cash.Vodafone Group Plc, Europe’s biggest wireless carrier, is working on an initial public offering of its tower unit in the first half of the year. Orange SA also plans to create a stand-alone tower operating unit.(Updates with American Tower comments from third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • AST CEO Avellan Wants to Go Where No Broadband Has Been Before

    AST CEO Abel Avellan By Jarrett Banks AST SpaceMobile, which is developing a space-based cellular broadband network, is going public through a merger with New Providence Acquisition Corp., a SPAC. The combined company will be valued at $1.4 billion including debt and is expected to close soon as the first quarter of this year. Midland, […]

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  • Telefonica Offloads Europe, LATAM Tower Sites To American Tower In $9.4B Cash Deal

    Spanish telecom company Telefonica S.A. (NYSE: TEF) announced Wednesday that it has entered into a tower sale agreement via its subsidiary Telxius Telecom S.A., with broadcast communications infrastructure operator American Tower Corp (NYSE: AMT). The deal is valued at €7.7 billion (roughly $9.38 billion), payable entirely in cash.What Happened: Telefonica has agreed to offload its telecommunication towers in Spain, Germany, Brazil, Peru, Chile, and Argentina to American Tower. The companies will enter into two separate transactions, one for the European assets and the other for the Latin American assets, collectively covering 30,722 tower sites.One of the deal's terms is that the Telefonica Group will retain its current leasing agreements with its subsidiary to ensure consistency in services.Why Does It Matter: According to Reuters, Telefonica sold 10,100 phone masts in Germany to Telxium for €1.5 billion. In comparison, Telxius' generated an operating income before depreciation and amortization of €190 million from its tower business in the past 12 months.Completing the sale will cut down Telefonica's net financial debt by roughly €4.6 billion. The financial leverage ratio is expected to dip by 0.3x times and generate a capital gain of approximately €3.5 billion.President of Telefonica, Jose Maria Álvarez-Pallete said that Telxius and American Tower were the company's leading suppliers. After the sale, American Tower will hold the top spot as the leading supplier in the European and Latin American region and play the role of a partner in strategic projects across Argentina, Brazil, and Columbia.Price Action: TEF shares are trading higher by 9.23% in the pre-market session on the last check Wednesday.For news coverage in Italian or Spanish, check out Benzinga Italia and Benzinga España.See more from Benzinga * Click here for options trades from Benzinga * US Lawmakers Seek Information From Telco's To Decide Broadband Stimulus Aid: Washington Post * Regeneron To Supply US With Another 1.25M COVID-19 Treatment Doses(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • American Tower Announces Telxius Towers Transaction

    American Tower Corporation (NYSE: AMT) today announced that it has entered into definitive agreements with Telefónica, S.A. ("Telefónica"), under which it will acquire Telxius Towers, comprising approximately 31,000 existing communications sites in Germany, Spain, Brazil, Chile, Peru and Argentina. The total consideration for the transaction is approximately €7.7 billion (approximately $9.4 billion at current foreign exchange rates), subject to customary closing adjustments. In addition, American Tower expects to spend approximately $500 million to construct a committed pipeline of approximately 3,300 new sites in Germany and Brazil through 2025.

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  • T-Mobile USA, Inc. -- Moody's assigns Ba3 to T-Mobile's proposed senior unsecured notes

    Moody's Investors Service (Moody's) has assigned a Ba3 to T-Mobile USA, Inc.'s (T-Mobile) proposed senior unsecured notes (Unsecured Notes). The net proceeds from the sale of the Unsecured Notes, expected to be in three tranches, are expected to be used for general corporate purposes, which may include, among other things, financing acquisitions of additional spectrum and refinancing existing indebtedness on an ongoing basis.

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  • American Tower Corporation to Deliver Keynote at the Citi 2021 Global TMT West Virtual Conference

    American Tower Corporation (NYSE: AMT) today announced that Tom Bartlett, its President and Chief Executive Officer, is scheduled to deliver a keynote at the Citi 2021 Global TMT West Virtual Conference on Tuesday, January 5, 2021 at 12:00 p.m. ET. The live webcast link will be available on the Company's website.

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  • American Tower (AMT) Grows Assets With InSite Wireless Buyout

    American Tower's (AMT) conclusion of the InSite Wireless Group acquisition will likely be immediately accretive with the newly-gained assets expected to gross nearly $150 million in property revenues next year.

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  • American Tower Closes InSite Wireless Group Acquisition

    American Tower Corporation (NYSE: AMT) today announced that it has closed its acquisition of InSite Wireless Group, LLC ("InSite"). The total consideration for the transaction, subject to certain post-closing adjustments, was approximately $3.5 billion, including the assumption or repayment of existing InSite debt, and was funded by a combination of cash on hand and revolver borrowings.

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  • Want to Buy American Tower (AMT) Stock? Here’s What You Need to Know

    RiverPark Advisors, LLC recently published its Q3 2020 RiverPark Large Growth Fund commentary – a copy of which can be downloaded here. During the third quarter of 2020, the RiverPark Large Growth Fund returned 10.84% (institutional shares), compared to the total return of 8.93% by the S&P 500 Index. You should check out RiverPark’s top […]

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  • Is AMT A Good Stock To Buy Now?

    Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]

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  • Is SBA Communications a Buy?

    There's no shortage of stocks to consider buying to take a stake in mobile communications and similar infrastructure. For starters, there are the providers themselves, led by giants like Verizon Communications (NYSE: VZ), AT&T (NYSE: T), and T-Mobile (NASDAQ: TMUS).

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