In the latest trading session, American Tower (AMT) closed at $224.06, marking a +0.24% move from the previous day. The stock's change was less than the S&P 500's daily gain of 1.01%. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq added 1.13%.Coming into today, shares of the wireless communications infrastructure company had lost 1.93% in the past month. In that same time, the Finance sector gained 3.02%, while the S&P 500 gained 2.5%.Analysts and investors alike will be keeping a close eye on ...

Windstream Wholesale (“WW”) recently announced an expansion in the Boston area at American Tower’s (AMT) CoreSite data center (BO1) located at 70 Inner Belt Rd., Somerville, MA. CoreSite is an AMT company that offers hybrid IT solutions. The expansion is set to take place early in the fourth quarter of 2024.This facility, encompassing 253,000 square feet, significantly bolsters Windstream Wholesale’s capacity to provide robust, low-latency connectivity solutions to a growing customer base in the region.The ...

sitox In a recent article, I highlighted some of my worst investments of 2024. Just like anyone else, I sometimes make mistakes in my analysis and end up suffering losses. At other times, my analysis might have been correct, but risk factors played out anyway, causing the investment to underperform. Today, I want to turn to some of my biggest wins of the year. This isn't to boast about them, but rather to identify what types of situations have delivered the best returns for us. I would note that these a ...

PM Images 2024 is cruising along. We have closed 7 months so far and are turning down the home stretch! Bert and his wife had a fantastic month of dividend income and are very excited to share it with the dividend investing community. In this article, we will detail our July Dividend Income summary! Why I Invest in Dividend Stocks I invest in dividend stocks to grow my passive income with dividend income. One day, my dividend income will be large enough to cover my monthly expenses and allow us to retir ...

FamVeld/iStock via Getty Images If you enjoyed watching the Olympics this month, then you may have caught the sensational games played by U.S. Men’s and Women’s Basketball teams against hard fought opponents from around the world. The Men’s gold medal match was particularly gripping as the U.S. played against the very talented and seasoned France team. While it was fairly close throughout the match, everyone knew it was over in the last minute of the game after Curry kept landing those 3-pointers, after ...

cosmonaut/iStock via Getty Images May you live in interesting times. While this phrase sounds positive, it's actually a Chinese curse. What is "interesting" in retrospect usually feels troubling and unpredictable in the moment. The truth is, though, that there is always something to be troubled about, and the future is always unpredictable. The job of the investor -- your job -- is to generate strong returns in the midst of inevitably troubling and unpredictable conditions. We've got some ground to cove ...

LEXINGTON, Mass. and AMSTERDAM, Aug. 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 a Phase I/IIa clinical trial of AMT-191 for the treatment of Fabry disease, a rare, inherited genetic disease. The Phase I/IIa study is a multi-center, open-label trial being conducted in the United States with two dose-escalating cohorts assessing the s ...

Summary of American Tower Corporation Conference Call Company Overview - **Company**: American Tower Corporation (NYSE: AMT) - **Event**: TD Cowen 10th Annual Communications Infrastructure Summit - **Date**: August 13, 2024 Key Points Strategic Priorities - **Sales Growth**: Focus on driving organic growth globally as a top priority [2] - **Selective Investments**: Increase investments in developed markets while decreasing in emerging markets [3] - **Cost Control**: SG&A expenses expected to be $35 million lower than the previous year, with a focus on maintaining best-in-class margins [4] - **Investment-Grade Balance Sheet**: Aim to reduce leverage below the 3x to 5x range to enhance M&A opportunities and shareholder value [5] - **Board Refreshment**: Ongoing efforts to refresh the Board with new members and committee chairs [6] Market Activity and Performance - **U.S. Carrier Activity**: Notable uptick in activity for the second half of the year compared to the previous year, with Q1 application volume up 70% over Q4 [8] - **5G Rollout**: Carriers are primarily focused on coverage expansion, with mid-band 5G deployment expected to reach near 100% [26] - **New Leasing Guidance**: Guidance of $180 million to $190 million in U.S. new leasing, with $90 million tracked in the first half of the year [17] International Operations - **Emerging Markets Strategy**: Shift in capital allocation towards developed markets due to macroeconomic challenges in emerging markets [38][39] - **India Operations**: Anticipated closing of a sale following approval from the Competition Commission, with expected higher SG&A and maintenance CapEx of about $15 million each prior to close [34][36] - **Africa and Latin America**: Continued demand for wireless infrastructure in Africa, while Latin America faces escalated churn due to carrier consolidation [44] Data Center Business - **CoreSite Performance**: Strong demand for data center capacity, particularly driven by hybrid cloud deployments and AI applications [55][58] - **Power Constraints**: Current power needs secured for development, with plans for future power sourcing to address constraints [63] M&A and Capital Allocation - **M&A Landscape**: No significant changes in seller expectations; still a dislocation between private and public multiples [71] - **Capital Allocation Strategy**: Focus on long-term shareholder value, evaluating all potential uses of capital when leverage falls below 5x [67] Challenges and Opportunities - **Churn in Latin America**: Expected low single-digit growth rates through 2027 due to ongoing churn, but potential for recovery post-consolidation [49] - **Power as a Service Model**: Expertise in power management in Africa may lead to future opportunities in developed markets [80] - **Underwriting Standards**: Raised underwriting standards across emerging markets to mitigate risks associated with foreign exchange and economic challenges [82][83] Conclusion - American Tower Corporation is strategically focusing on organic growth, cost control, and selective investments in developed markets while navigating challenges in emerging markets. The company is well-positioned to capitalize on the ongoing demand for wireless infrastructure and data center capacity, particularly in the context of 5G and AI advancements.

Shares of American Tower Corporation (AMT) have risen 20.6% in the past three months compared with the industry’s growth of 11.5%.The company is poised well to ride the growth curve with wireless carriers increasing capital expenditure due to rising wireless penetration, accelerated 5G network deployment efforts and spectrum auctions. The long-term leases with its tenants assure stable cash flows. Moreover, its continued efforts toward macro-tower investments are encouraging. A decent financial position als ...

Dragon Claws Many investors seem to think that REITs (VNQ) are facing severe difficulties due to the recent surge in interest rates. The whole sector has crashed, and the headlines have been very negative for 2 years in a row: Data by YCharts But in reality, most REITs are doing very well because: Leverage is at an all-time low, with the average LTV at just around 35%. Nearly all REIT debt has a fixed interest rate. Debt maturities are also long, at 7 years on average, and well-staggered. Rents keep on ris ...