American Tower Corp Price, Forecast, Insider, Ratings, Fundamentals & Signals

Boston--(business wire)--american tower corporation (nyse: amt) today reported financial results for the quarter ended march 31, 2024. steven vondran, american tower's chief executive officer, stated, “the strong performance we saw in 2023, underscored by robust demand across our asset platforms, continued into the first quarter, resulting in attributable affo per share growth of nearly 10%. with visibility into accelerating activity across the u.s. and europe, a continuation of elevated new bu.

Denver--(business wire)--coresite, a leading hybrid it solutions provider and subsidiary of american tower corporation (nyse: amt) (“american tower”), today announced partnership with oxide computer company, the creator of the world's first commercial cloud computer, to leverage colocation solutions at coresite's silicon valley sv2 data center. by delivering a true rack-scale system with fully unified hardware and software, the oxide cloud computer's networking, compute and storage capabilities.

Denver--(business wire)--coresite, a leading hybrid it solutions provider and subsidiary of american tower corporation (nyse: amt) (“american tower”), today announced that it has been certified as part of the nvidia dgx-ready data center program to host scalable, high-performance infrastructure for organizations looking to capitalize on rising demand for artificial intelligence (ai), machine learning (ml) and other high-density applications. by choosing to host their nvidia dgx™ infrastructure.

Boston--(business wire)--american tower corporation (nyse: amt) announced today that the press announcement of its first quarter 2024 results is scheduled to be released to the news services at 7:00 a.m. et on tuesday, april 30, 2024. in addition, the company has scheduled a conference call at 8:30 a.m. et on april 30, 2024 to discuss its results. conference call details are as follows: call date: tuesday, april 30, 2024 call time: 8:30 a.m. et     call dial in: (877) 692-8955 u.s./canada   (23.

Boston--(business wire)--american tower corporation (nyse: amt) announced that its board of directors (the “board”) has elected neville r. ray as a director. mr. ray most recently served as t-mobile's president of technology until 2023. mr. ray joined t-mobile (then voicestream) in april 2000, and from december 2010 to november 2019, served as its chief technology officer. prior to that, mr. ray served as network vice president for pacific bell mobile services. mr. ray currently serves on the b.

The real estate investment trust ( REIT ) universe could be worth monitoring this summer as investors hope for the Federal Reserve to deliver the first interest rate cut. Undoubtedly, there's a lot more to REITs than just where interest rates are headed next.

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Evaluate American Tower's (AMT) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.

American Tower, one of the largest global REITs, is now an $80 billion (by market cap) real estate infrastructure monster. The company has increased its dividend for 14 consecutive years with a 10-year dividend growth rate of 19.1%. It agreed to sell its India portfolio (comprising over 75,000 sites) to a Brookfield Asset Management affiliate for $2.5 billion.

U.S. equity markets advanced for a second week while benchmark interest rates retreated from five-month highs after a critical slate of employment data showed a long-awaited cooldown in hiring trends. Foreshadowed by "dovish" remarks from Fed Chair Powell at the FOMC's policy meeting, payrolls data showed that job growth slowed to six-month lows while wage growth cooled to three-year lows. Following its best week since November, the S&P 500 advanced 0.6%, while bonds caught a bid this week across the yield and maturity curve.

The stock market reacted to the Federal Reserve's decisions with initial optimism, then reverted to pessimism, and now seems back to optimism. Fed Chair Jay Powell does not expect inflation to return to the target of 2% in the next few months but believes it will come down later this year. There are weakening trends in small business, the labor market, and consumer finances that lead me to believe the economy is in the "late-cycle" phase.

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American Tower's (AMT) Q1 results beat estimates on better-than-anticipated revenues and strong organic tenant billing growth. It has raised its outlook for 2024.

American Tower Corporation [AMT] Q1 2024 Earnings Conference Call April 30, 2024 8:30 AM ET Company Participants Steve Vondran - President & CEO Rod Smith - EVP, CFO & Treasurer Adam Smith - SVP, IR and FP&A Conference Call Participants Matt Niknam - Deutsche Bank Michael Rollins - Citigroup Simon Flannery - Morgan Stanley Rick Prentiss - Raymond James David Barden - Bank of America Nick Del Deo - MoffettNathanson Batya Levi - UBS Jon Atkin - RBC Operator Ladies and gentlemen, thank you for standing by. Welcome to the American Tower First Quarter 2024 Earnings Conference Call.