Shares of American Tower (AMT)  have rallied 28.7% over the past six months, outperforming the industry's 21.7% growth.In September, AMT concluded the sale of all equity interests in American Tower Company (“ATC”) India to Data Infrastructure Trust (“DIT”) sponsored by an affiliate of Brookfield Asset Management. It is expected that the sale proceeds will be utilized toward the repayment of American Tower's existing indebtedness, including the repayment of the existing term loan in India at the time of clos ...

LEXINGTON, Mass. and AMSTERDAM, Oct. 15, 2024 (GLOBE NEWSWIRE) -- uniQure N.V. (NASDAQ: QURE), a leading gene therapy company advancing transformative therapies for patients with severe medical needs, today announced that the first patient has been dosed in the Phase I/II clinical trial of AMT-162 for the treatment of amyotrophic lateral sclerosis (ALS) caused by mutations in superoxide dismutase 1 (SOD1), a rare, inherited and progressive motor neuron disease. EPISOD1 is a Phase I/II multi-center, open-lab ...

The Federal Reserve's rate cuts should benefit the real estate market. Lower interest rates mean lower mortgage costs for buyers and an added incentive to sell for homeowners not eager to trade in a low-rate mortgage for a higher one. Plus, lower rates could reduce borrowing costs for homebuilders, allowing them easier access to funding for development projects that could provide a much-needed inventory boost.For many investors, particularly those not looking to buy property at this time, one of the best wa ...

American Tower Corporation’s (AMT) extensive and geographically diversified communication real estate portfolio positions it well to ride the growth curve amid rising capital spending by wireless carriers on the incremental demand from global 4G and 5G deployment efforts.Its expansionary efforts and disciplined capital-allocation strategy augur well for long-term growth. However, customer concentration poses a key concern for the company.What’s Aiding AMT Stock?With the advancement in mobile technology, suc ...

LEXINGTON, Mass. and AMSTERDAM, Sept. 23, 2024 (GLOBE NEWSWIRE) -- uniQure N.V. (NASDAQ: QURE), a leading gene therapy company advancing transformative therapies for patients with severe medical needs, today announced that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation to AMT-191, uniQure’s investigational gene therapy for the treatment of Fabry disease, a rare, inherited genetic disease. In August 2024, uniQure announced the dosing of the first patient in its U.S., multi-ce ...

Take advantage of the currently offered discount on annual memberships and give CIP a try. The offer comes with a 11 month money guarantee , for first time members.Conservative Income Portfolio targets the best value stocks with the highest margins of safety. The volatility of these investments is further lowered using the best priced options. Our Enhanced Equity Income Solutions Portfolio is designed to reduce volatility while generating 7-9% yields.In our previous piece on American Tower Corporation (NYSE ...

American Tower (AMT) closed the latest trading day at $232.31, indicating a -1.54% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 1.7%. Meanwhile, the Dow gained 1.26%, and the Nasdaq, a tech-heavy index, added 2.51%.The the stock of wireless communications infrastructure company has risen by 7.5% in the past month, leading the Finance sector's gain of 2.47% and the S&P 500's gain of 1.27%.Investors will be eagerly watching for the performance of Ameri ...

Since I last covered American Tower Corporation (NYSE: AMT ) in February in my piece entitled " Telco Spending Issue And Rate Sensitivity Risks" its price has appreciated by nearly 22% and was trading at around $236 atAs a tech-focused industry Research Analyst, I aim to provide differentiated insights, whether it is for investing, trading, or informational reasons. For this purpose, I am not a classical equity researcher from the financial sector, but, I come from the IT world and my insights are based on ...

In the latest market close, American Tower (AMT) reached $237.14, with a -0.77% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.75%. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 1%.Coming into today, shares of the wireless communications infrastructure company had gained 7.07% in the past month. In that same time, the Finance sector gained 4.06%, while the S&P 500 gained 4.03%.Market participants will be closely following the financ ...

Financial Data and Key Metrics Changes - The company has seen an increase in demand for tower space in 2024 compared to 2023, indicating a constructive dialogue with customers regarding densification [5] - The company reported record levels of organic new business in 2023, contributing approximately $230 million, which is over 5% of organic growth [21] - The company has successfully reduced its leverage from approximately 6.8x to around 5x, enhancing its balance sheet strength [17] Business Line Data and Key Metrics Changes - The company has experienced attractive growth on a per site basis, particularly with the transition from 4G to 5G, which has shown about a 10% increase on average [9] - The company has maintained comprehensive agreements with major carriers, which provide visibility into growth and mitigate the impact of market fluctuations [26] Market Data and Key Metrics Changes - The company has observed a significant increase in applications for tower upgrades, with a 70% increase in Q1 compared to Q4 of the previous year [24] - The company anticipates a reacceleration in activity for 2024, following a pullback in spending in 2023 [23] Company Strategy and Development Direction - The company is focused on maintaining long-term real estate rights to monetize future generations of technology, including 6G and beyond [11] - The company is investing in AI and data quality to enhance customer experience and operational efficiency [7] - The company views the convergence of fiber and wireless as an expanding opportunity for infrastructure, although it remains cautious about the economic viability of dedicating capital to fixed wireless access [47][50] Management's Comments on Operating Environment and Future Outlook - Management acknowledges sensitivity to interest rate movements and inflation, but believes the company has a recession-proof business model due to the critical need for connectivity [13][17] - The company expects the densification phase of 5G to begin around 2026-2028, with ongoing upgrades in the interim [28] Other Important Information - The company has received upgrades from S&P to BBB and Moody's has extended tolerance for leverage, reflecting the company's efforts to strengthen its balance sheet [18] - The company is committed to maintaining a 3% fixed escalator in U.S. contracts, which has served well over the past 15 years [15] Q&A Session Summary Question: Will sector M&A grow when the Fed cuts? - Management believes yes [2] Question: When do you expect that to happen? - Management anticipates it will occur sometime next year [4] Question: Is demand for tower space increasing, steady, or decreasing? - Management indicates that demand is increasing for 2024 compared to 2023 [5] Question: How does the tower sector respond to economic variances like recession or hyperinflation? - Management states that the company has predictable cash flows and has proven to be recession-proof [12][17] Question: How does the company view the 5G cycle? - Management believes the 5G investment cycle is playing out as expected, with a peak for coverage in 2022 and a focus on densification to follow [20] Question: What is the outlook for growth in 2025? - Management expects growth in 2025 to be similar to 2024, with a gradual shift towards densification [30]