American Tower Corporation (AMT) has seen a myriad of investment activity with firms such as
Scarborough Advisors LLC, GLOBALT Investments LLC GA, Napa Wealth Management, Northwest Bank & Trust Co and others acquiring shares, while others like
Chicago Partners Investment Group LLC have sold some of their holdings.
Neville R. Ray's recent election to the board of directors is being keenly watched. The corporation presented at the Nareit REIT Week: 2024 Investor Conference, where it discussed crucial prospects and financial results. The company witnessed mixed results for Q4 and the full year 2023, even though it outperformed the broader market and has seen a 20.1% rise quarter to date. Despite the dividend cut, the stock was upgraded to 'buy'. Reports suggest AMT is a lucrative choice for investment, while others caution against overvaluation as data demand slows. Amid these perspectives, the corporation inked a lease with
DISH for 20,000 towers. Furthermore, the firm reported strong Q1 2024 performance due to increased demand, leading to a lift in the 2024 guidance. AMT's planned sale of operations in India to Brookfield for $2.5 billion was a strategic move getting much attention, and it acquired
Telxius Towers' assets in Europe.
American Tower Corporation AMT News Analytics from Sat, 16 Sep 2023 07:00:00 GMT to Sun, 16 Jun 2024 16:04:29 GMT -
Rating 6
- Innovation -1
- Information 8
- Rumor 4
