American Tower Corporation (AMT), a real estate investment trust (REIT) focused on communication infrastructure, has showcased consistent growth in recent financial quarters. AMT's overall financial performance has been strong, with favorable earning calls and adjusted funds from operations (AFFO) beating estimates. The company furthermore increased its dividend by 6.1% thereby rewarding its investors. It is also noteworthy that Victory Capital Management Inc. has further invested in AMT, purchasing an additional 4485 shares. With all this, the company's value has grown by 13.4% in the past 6 months and increased by 20.1% quarter-to-date, making it an appealing choice for portfolio addition. The company also successfully concluded the acquisition of CoreSite Realty and plans the sale of its India operations for $2.5 billion. However, the company also recorded a slight decline at times, dipping more than the overall market.
American Tower Corporation AMT News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Wed, 08 May 2024 12:04:56 GMT -
Rating 7
- Innovation 5
- Information 7
- Rumor -5
