American Tower Corporation (AMT), a leading company in the global REIT market, recently released numerous updates revealing a mix of soaring growth and some slight setbacks. Griffin Asset Management Inc., MCF Advisors LLC, and Charles Schwab Trust Co each chose to sell off
AMT shares, while several firms including Brown Miller Wealth Management, Key Client Fiduciary Advisors, and West Coast Financial all increased their stock positions. The company has announced major expansions in Brazil with the acquisition of Cemig assets, showing an active international market participation.
AMT experienced a slump in Q1, but its Q4 AFFO (Adjusted Funds From Operations) estimates were exceeded, with revenues witnessing a Y/Y rise. Furthermore, brokering firms have highlighted
AMT as an advisable investment, despite a dividend cut, which hasn't deterred investors.
AMT's FY24 outlook has been revised based on Q1 earnings while Q4 and Full year 2023 results showcased mixed results.
AMT also disclosed an agreement to sell its operations in India to Brookfield, deeming it a strategic move to wrap up ATC India Operations for $2.5B. Lastly, the firm confirmed healthy telecom spending by raising its annual revenue forecast.
American Tower Corporation AMT News Analytics from Sat, 16 Sep 2023 07:00:00 GMT to Sun, 30 Jun 2024 15:57:22 GMT -
Rating 8
- Innovation 4
- Information 6
- Rumor 2
