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American Tower

American Tower owns and operates more than 220,000 cell towers throughout the us, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 us markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the us, which accounted for almost half of the company's total revenue in 2023. Outside the us, American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as a REIT.

American Tower Corporation (REIT) Common Stock

American Tower Corp

Amerant Bancorp Inc. Class A Common Stock

Amerant Bancorp Inc

A Metaverse Co

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares

AMTD IDEA Group

APPLIED MOLECULAR TRANS INC COM

Amentum Holdings Inc

AMERITRANS CAP 9.375 PFD by Ameritrans Capital Corp.

Ameritrans Capital Corp

ETRACS Alerian Midstream Energy Total Return Index ETN

Aemetis Inc

Amerityre Corp

American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) has outperformed the market over the past 20 years by 4.48% on an annualized basis producing an average annual return of 12.88%. Currently, American Tower has a market capitalization of $93.39 billion. 
Buying $100 In AMT: If an investor had bought $100 of AMT stock 20 years ago, it would be worth $1,103.18 today based on a price of $199.85 for AMT at the time of writing.
<h3>American Tower's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730988085_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Trading Ideas

$100 Invested In American Tower 20 Years Ago Would Be Worth This Much Today

The S&amp;P 500 and Dow Jones Industrial Average surged to record levels on Wednesday after Donald Trump was elected as <a href="https://www.benzinga.com/topic/donald-trump">the 47th U.S. president.</a>
In Congress, Republicans clinched a majority in the Senate, while the House race remains close. As of Wednesday morning&#8217;s tabulations, Republicans held 198 seats versus 180 for Democrats.
The S&amp;P 500 index, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), climbed 2% to 5,900 points, while the Dow soared over 3% to 43,500 points. The blue-chip index, monitored through the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>), marked its biggest single-day gain since November 2022.
The financials and industrials sectors were the top performers, up 5.2% and 3%, respectively.
The tech-heavy Nasdaq 100 witnessed smaller gains, up 1.8%, while small-cap stocks skyrocketed, with the Russell 2000 index spiking over 5%. 
The CBOE Volatility Index (VIX), often called the &#8220;fear gauge,&#8221; plummeted 22%, indicating waning investor concerns amid post-election optimism.
Investors are responding positively to the prospect of more lenient tax policies under the upcoming Trump administration, though inflation risks and potential shifts in Federal Reserve policy highlighted by economists seem to be largely overlooked by the market for now.
<h3 class="wp-block-heading">Economic Implications Of A Trump Presidency, Goldman Sachs Weighs In</h3>
&#8220;If Republicans secure a narrow House majority, this would likely enable a full extension of the 2017 tax cuts, set to expire in 2025, potentially with some reinstated business investment incentives,&#8221; wrote Jan Hatzius, Goldman Sachs&#8217; chief economist.
A Republican-controlled Congress may also drive increased federal spending, particularly on defense, Goldman Sachs indicated.
"We would expect Trump to impose additional tariffs averaging 20% on imports from China," Hatzius added, highlighting that this policy could provide a &#8220;one-time boost to core PCE inflation&#8221; and &#8220;a modest drag on GDP.&#8221;
Goldman Sachs projects that the incoming Trump administration would likely pursue a more relaxed approach to regulation, especially in energy, financial services, and labor. 
However, while antitrust oversight may soften somewhat, scrutiny of the tech sector is expected to persist.
<h3 class="wp-block-heading">Top-Performing S&amp;P 500 Sectors After Trump Secures Election Victory</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Sector</th>
<th>ETF</th>
<th>1-day Change (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Financials</td>
<td>Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>5.15%</td>
</tr>
<tr>
<td>Industrials</td>
<td>Industrial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>2.99%</td>
</tr>
<tr>
<td>Energy</td>
<td>Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>2.68%</td>
</tr>
<tr>
<td>Consumer Discretionary</td>
<td>Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>2.60%</td>
</tr>
<tr>
<td>Technology</td>
<td>Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>2.22%</td>
</tr>
<tr>
<td>Materials</td>
<td>Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>1.66%</td>
</tr>
<tr>
<td>Communications</td>
<td>Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>1.54%</td>
</tr>
<tr>
<td>Health Care</td>
<td>Health Care Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>1.08%</td>
</tr>
<tr>
<td>Consumer Staples</td>
<td>Consumer Staples Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>-0.42%</td>
</tr>
<tr>
<td>Utilities</td>
<td>Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>-1.23%</td>
</tr>
<tr>
<td>Real Estate</td>
<td>Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>-1.29%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 9.45 a.m. ET</figcaption></figure>
<h3 class="wp-block-heading">Top Gainers, Losers Within The S&amp;P 500 Following Trump&#8217;s Win</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>)</td>
<td>187.37</td>
<td>23.39%</td>
</tr>
<tr>
<td>Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>)</td>
<td>193.69</td>
<td>16.64%</td>
</tr>
<tr>
<td>Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>)</td>
<td>65.93</td>
<td>16.03%</td>
</tr>
<tr>
<td>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>288.40</td>
<td>14.70%</td>
</tr>
<tr>
<td>Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>)</td>
<td>164.96</td>
<td>14.07%</td>
</tr>
<tr>
<td>Trimble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>)</td>
<td>69.97</td>
<td>13.55%</td>
</tr>
<tr>
<td>Charles River Laboratories International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>)</td>
<td>214.16</td>
<td>13.51%</td>
</tr>
<tr>
<td>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>)</td>
<td>62.76</td>
<td>13.40%</td>
</tr>
<tr>
<td>Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>)</td>
<td>72.43</td>
<td>13.05%</td>
</tr>
<tr>
<td>Steel Dynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>)</td>
<td>149.73</td>
<td>10.38%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 9.45 a.m. ET</figcaption></figure>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</td>
<td>21.01</td>
<td>-24.15%</td>
</tr>
<tr>
<td>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>)</td>
<td>74.05</td>
<td>-17.67%</td>
</tr>
<tr>
<td>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>)</td>
<td>181.42</td>
<td>-15.97%</td>
</tr>
<tr>
<td>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>)</td>
<td>161.70</td>
<td>-6.68%</td>
</tr>
<tr>
<td>The AES Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>)</td>
<td>14.50</td>
<td>-6.51%</td>
</tr>
<tr>
<td>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>)</td>
<td>166.31</td>
<td>-6.19%</td>
</tr>
<tr>
<td>Universal Health Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>)</td>
<td>199.41</td>
<td>-6.01%</td>
</tr>
<tr>
<td>Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>)</td>
<td>87.26</td>
<td>-6.01%</td>
</tr>
<tr>
<td>American Tower Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>)</td>
<td>201.33</td>
<td>-5.86%</td>
</tr>
<tr>
<td>Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>)</td>
<td>63.15</td>
<td>-5.42%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 9.45 a.m. ET</figcaption></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41772701/trumps-historic-return-7-ways-his-second-term-could-impact-the-us-economy">Trump&#8217;s Historic Return: 7 Ways His Second Term Could Impact The US Economy</a></li>
</ul>
Photo: Shutterstock

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TRMB

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XLRE

Select Sector SPDR-Consumer Discretionary

S&P 500, Dow Hit Record Highs After Trump Win; Fear Index Drops 20%

Scotiabank analyst Maher Yaghi maintains American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) with a Sector Outperform and lowers the price target from $248 to $236.

Price Target

Analyst Ratings

Scotiabank Maintains Sector Outperform on American Tower, Lowers Price Target to $236

BMO Capital analyst Ari Klein maintains American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) with a Outperform and lowers the price target from $255 to $245.

BMO Capital Maintains Outperform on American Tower, Lowers Price Target to $245

WIIM

American Tower shares are trading lower after the company reported worse-than-expected Q3 financial results and cut its FY24 AFFO guidance.

<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">2024 Outlook(1): ($ in millions, except per share amounts.)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="7" rowspan="1">Full Year 2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
Midpoint Growth
Rates vs. Prior Year
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Total property revenue(2)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">9,890</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">to</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">9,980</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">0.7%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net income</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1,992</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">to</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2,072</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">48.6%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net income attributable to AMT common stockholders</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1,952</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">to</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2,032</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">34.3%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">6,770</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">to</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">6,850</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1.8%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">AFFO attributable to AMT common stockholders</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">4,890</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">to</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">4,970</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">6.9%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">AFFO attributable to AMT common stockholders per Share</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">10.45</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">to</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">10.62</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">6.7%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">AFFO attributable to AMT common stockholders, as adjusted(3)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">4,616</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">to</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">4,696</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">5.9%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">AFFO attributable to AMT common stockholders per Share, as adjusted(3)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">9.86</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">to</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">10.03</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">5.7%</td>
</tr>
</tbody>
</table>
</figure>

Guidance

American Tower Lowers FY24 AFFO Guidance from $10.48-$10.72 to $10.45-$10.62 vs $10.59 Estimate, Sees Total Property Revenue Of $9.89B-$9.98B

American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) reported quarterly earnings of $2.52 per share which missed the analyst consensus estimate of $2.58 by 2.33 percent. This is a 2.86 percent increase over earnings of $2.45 per share from the same period last year. The company reported quarterly sales of $2.52 billion which missed the analyst consensus estimate of $2.76 billion by 8.62 percent. This is the same as the same period last year.

Earnings

Earnings Misses

American Tower Q3 2024 AFFO $2.52 Misses $2.58 Estimate, Sales $2.52B Miss $2.76B Estimate

When asked about CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) on CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said, &#8220;I think <a href="https://www.benzinga.com/topic/pharmacy">there's real value here</a>.&#8221;
On Oct. 10, Barclays analyst Andrew Mok upgraded CVS Health from Equal-Weight to Overweight and raised the price target from $63 to $82.
Cramer also recommends buying Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), saying it had an &#8220;<a href="https://www.benzinga.com/quote/MU">amazing&#8221; quarter</a>.
On Oct. 8, Keybanc analyst John Vinh maintained Micron Technology with an Overweight and lowered the price target from $145 to $135.
Although Cramer believes Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) will have a good year, but he prefers the stock of Union Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>).
On Oct. 9, Citigroup analyst Ariel Rosa initiated coverage on Old Dominion Freight Line with a Neutral rating and announced a price target of $206.
The &#8220;Mad Money&#8221; host recommended not touching American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>).
On Oct. 10, Barclays analyst Tim Long maintained American Tower with an Overweight and raised the price target from $223 to $255.
Cramer said Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>) is going higher, adding that it is one of the greatest stocks of his time.
Howmet Aerospace will announce its third quarter 2024 financial results on Wednesday, Nov. 6.
ADMA Biologics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADMA#NASDAQ">ADMA</a>) is a &#8220;very speculative&#8221; stock, Cramer said.
On Sept. 20, Cantor Fitzgerald analyst Kristen Kluska reiterated ADMA Biologics with an Overweight and maintained a $20 price target.
Cramer recommended buying Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>). &#8220;It's just one of these great metal-bending companies,&#8221; he added.
On Sept. 24, DA Davidson analyst Matt Summerville maintained Modine Manufacturing with a Buy and raised the price target from $140 to $155.
Robinhood (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) is a buy, Cramer said.
On Oct. 8, Piper Sandler analyst Patrick Moley maintained Robinhood with an Overweight and maintained a $27 price target.
Price Action:
<ul>
<li>Old Dominion shares gained 0.1% to settle at $194.59 on Thursday.</li>
<li>Micron shares gained 3.9% to close at $105.69.</li>
<li>American Tower shares fell 1.3% to close at $217.90 on Thursday.</li>
<li>Howmet Aerospace shares fell 1.5% to close at $102.10 during the session.</li>
<li>Modine Manufacturing shares fell 2.3% to settle at $130.95 on Thursday.</li>
<li>ADMA Biologics shares fell 16.3% to settle at $17.01.</li>
<li>Robinhood shares fell 0.6% to close at $25.50 on Thursday.</li>
<li>CVS shares gained 1.3% to close at $66.85 on Thursday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41272079/top-2-health-care-stocks-that-are-ticking-portfolio-bombs">Top 2 Health Care Stocks That Are Ticking Portfolio Bombs</a></li>
</ul>
Image: Shutterstock

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/60a3a5a849aa07000157ebd9/tom-o'malley">Barclays analyst Tom O&#8217;Malley</a> downgraded the rating for Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) from Equal-Weight to Underweight and lowered the price target from $115 to $87. Skyworks Solutions shares gained 1.7% to close at $97.80 on Wednesday. <a href="https://www.benzinga.com/quote/swks/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo analyst Eric Luebchow downgraded the rating for American Tower Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) from Overweight to Equal-Weight and slashed the price target from $245 to $230. American Tower shares fell 0.8% to close at $220.78 on Wednesday. <a href="https://www.benzinga.com/quote/amt/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587781de5064ed0001730078/stephen-tusa">JP Morgan analyst Stephen Tusa</a> downgraded the rating for Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) from Overweight to Neutral but raised the price target from $225 to $235. Honeywell shares gained 3.2% to close at $213.70 on Wednesday. <a href="https://www.benzinga.com/quote/hon/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Bernstein analyst Harshita Rawat downgraded PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) from Outperform to Market Perform but raised the price target from $75 to $80. PayPal shares gained 0.6% to close at $81.65 on Wednesday. <a href="https://www.benzinga.com/quote/pypl/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5841bdbfaae83900016b3c88/myles-walton">Wolfe Research analyst Myles Walton</a> downgraded the rating for Huntington Ingalls Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>) from Outperform to Peer Perform. Huntington Ingalls gained 0.1% to settle at $258.08 on Wednesday. <a href="https://www.benzinga.com/quote/HII/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying HON stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="501" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10092445/image-78-1024x501.png" alt="" class="wp-image-589498" style="width:566px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10092445/image-78-1024x501.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10092445/image-78-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10092445/image-78-768x376.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10092445/image-78.png 1341w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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This Honeywell Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday

Barclays analyst Tim Long maintains American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) with a Overweight and raises the price target from $223 to $255.

Barclays Maintains Overweight on American Tower, Raises Price Target to $255

During the last three months, 12 analysts shared their evaluations of American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>), revealing diverse outlooks from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $239.58, a high estimate of $260.00, and a low estimate of $221.00. Surpassing the previous average price target of $225.17, the current average has increased by 6.4%.
<img src="https://www.benzinga.com/files/images/story/2024/1728565274_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
A clear picture of American Tower's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Eric Luebchow</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$230.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Philip Cusick</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$250.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Ari Klein</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$260.00</td>
<td>$246.00</td>
</tr>
<tr>
<td>Vikram Malhorta</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$221.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Jonathan Atkin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$236.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Matthew Niknam</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$235.00</td>
<td>$212.00</td>
</tr>
<tr>
<td>Maher Yaghi</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$248.00</td>
<td>$223.00</td>
</tr>
<tr>
<td>Colby Synesael</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$239.00</td>
<td>$226.00</td>
</tr>
<tr>
<td>Eric Luebchow</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$245.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Ari Klein</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$246.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Philip Cusick</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$240.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Eric Luebchow</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$225.00</td>
<td>$200.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to American Tower. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of American Tower compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of American Tower's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of American Tower's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/AMT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on American Tower analyst ratings.</a>
<h2>Get to Know American Tower Better</h2>
American Tower owns and operates more than 220,000 cell towers throughout the us, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 us markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the us, which accounted for almost half of the company's total revenue in 2023. Outside the us, American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as a REIT.
<h3>Understanding the Numbers: American Tower's Finances</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: American Tower's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 4.64%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 31.04%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): American Tower's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 22.78%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.36%, the company showcases effective utilization of assets.
Debt Management: American Tower's debt-to-equity ratio is notably higher than the industry average. With a ratio of 12.29, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 12 Ratings For American Tower

Wells Fargo analyst Eric Luebchow downgrades American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) from Overweight to Equal-Weight and lowers the price target from $245 to $230.

Wells Fargo Downgrades American Tower to Equal-Weight, Lowers Price Target to $230

American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) has outperformed the market over the past 20 years by 5.48% on an annualized basis producing an average annual return of 14.03%. Currently, American Tower has a market capitalization of $104.15 billion. 
Buying $100 In AMT: If an investor had bought $100 of AMT stock 20 years ago, it would be worth $1,376.45 today based on a price of $222.99 for AMT at the time of writing.
<h3>American Tower's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728315015_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In American Tower 20 Years Ago Would Be Worth Today

American Tower Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) shares are trading lower today. On Tuesday, American Tower&#8217;s subsidiary CoreSite announced that Amazon Web Services (AWS) Direct Connect has launched native 400 Gbps (400G) Dedicated <a href="https://www.benzinga.com/pressreleases/24/10/b41121141/aws-launches-native-400g-direct-connect-at-coresites-silicon-valley-and-northern-virginia-campuses" target="_blank" rel="noreferrer noopener">Connections at four select locations in the U.S</a>.
The locations include CoreSite&#8217;s data center campuses in Silicon Valley and Northern Virginia.
CoreSite&#8217;s Silicon Valley campus will soon expand with the 240,000-square-foot SV9 data center, which is expected to be completed in the&nbsp;fourth quarter of 2024.
This addition will bring the campus to nine interconnected facilities with a total of 1.179 million square feet.
SV9, certified under the NVIDIA DGX-Ready Data Center program, will be an ideal site for deploying AI-powered 400G solutions.
These sites are ideal for deploying demanding hybrid applications due to their proximity to AWS availability zones, ensuring exceptional network performance and low latency for customers.
Juan Font, President and CEO of CoreSite, SVP of American Tower said, &#8220;The new 400G Direct Connect from AWS is particularly beneficial to customer applications that transfer large-scale datasets for large language model training and real-time applications like advanced driver assistance systems.&#8221;
In July, American Tower reported that second-quarter revenue grew 4.6% to $2.90 billion, beating estimates, and AFFO per share increased 9.8% <a href="https://www.benzinga.com/news/earnings/24/07/40048253/american-tower-q2-earnings-revenue-and-tenant-billings-growth-ceo-focuses-on-india-us-canada-segmen" target="_blank" rel="noreferrer noopener">to $2.79, surpassing consensus</a>.
American Tower plans to announce its third quarter 2024 results <a href="https://www.benzinga.com//node/41129280" target="_blank" rel="noreferrer noopener">on Tuesday, October 29, 2024. </a>
Investors can gain exposure to the stock via Pacer Data &amp; Infrastructure Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRVR#NYSE">SRVR</a>) and Global X Data Center &amp; Digital Infrastructure ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTCR#NASDAQ">DTCR</a>).
Price Action: AMT shares are down 0.74% at $230.17 at the last check Thursday.
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American Tower Boosts Data Power: New 400G AWS Connections To Fuel AI And Big Data At Key US Data Centers

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/09/25/final-trades-trane-tech-american-tower-regeneron-and-taiwan-semi.html">Halftime Report Final Trades</a>,&#8221; Stephen Weiss of Short Hills Capital Partners said he still finds Taiwan Semiconductor Manufacturing Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) <a href="https://www.benzinga.com/government/24/09/41007184/taiwan-semi-secures-7-5b-boost-for-arizona-expansion-aims-for-advanced-chip-production-report">cheap</a>.
On Monday, Taiwan Semiconductor Manufacturing bagged the government's approval for an additional $7.5 billion infusion into Taiwan Semiconductor Arizona unit, the Taipei Times cited the Department of Investment Review statement.
Amy Raskin of Chevy Chase Trust named Regeneron Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>).
Chief District Judge Thomas Kleeh denied Regeneron Pharmaceuticals' effort to prevent the sale of Amgen Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>) Eylea biosimilar. Regeneron filed a notice of its appeal to the U.S. Court of Appeals <a href="https://www.benzinga.com/general/biotech/24/09/41012464/why-is-regeneron-pharmaceuticals-stock-trading-lower-on-tuesday">for the Federal Circuit</a>.
 Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Kari Firestone of Aureus Asset Management picked American Tower Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) as her final trade.
On Sept. 23, JP Morgan analyst Philip Cusick maintained American Tower with an Overweight rating and raised the price target from $240 to $250.
Joseph M. Terranova of Virtus Investment Partners named Trane Technologies plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>).
On July 31, Trane Technologies reported better-than-expected second-quarter financial results and raised its FY24 guidance. Revenues grew 13% Y/Y to $5.31 billion, surpassing the consensus of $5.13 billion. Bookings increased 19% Y/Y to$5.34 billion in the quarter. Adjusted EPS of $3.30 surpassed the street view of $3.08.
Price Action:
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<li>Taiwan Semiconductor gained 0.2% to close at $182.35 during Wednesday's session.</li>
<li>Regeneron Pharmaceuticals shares fell 1.4% to settle at $1,031.15 on Wednesday.</li>
<li>American Tower fell 0.4% to close at $235.63 during Wednesday's session.</li>
<li>Trane Technologies shares gained 1% to close at $387.70 on Wednesday.</li>
</ul>
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Image: Shutterstock

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Taiwan Semiconductor, American Tower, Trane Technologies And A Health Care Stock On CNBC's 'Final Trades'

American Tower Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amt#NYSE">AMT</a>) 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.
<h2>What&#39;s Aiding AMT Stock?</h2>
With the advancement in mobile technology, such as 4G and 5G networks, and the proliferation of bandwidth-intensive applications, mobile data usage has increased significantly globally. The excessive use of network-intensive applications for video conferencing, cloud services and hybrid-working scenarios is likely to fuel the rise.
This has led to greater capital spending by wireless carriers due to the incremental demand from global 4G and 5G deployment efforts, growing wireless penetration and spectrum auctions, driving demand for AMT&#39;s wireless communication infrastructure. This upbeat trend is likely to continue in the upcoming period, boosting demand for the company&#39;s assets and driving healthy leasing activity.
American Tower has a solid track record of delivering healthy performance due to the robust demand for its global macro-tower-oriented asset base. It has witnessed strong growth in key financial metrics while continuing platform expansion.
In the second quarter of 2024, the company recorded healthy year-over-year organic tenant billings growth of 5.3% and total tenant billings growth of 6.1%. Also, in the second quarter, revenues from the property segment and adjusted EBITDA increased 4.6% and 8.1% on a year-over-year basis, respectively. Between 2013 and 2023, American Tower&#39;s revenues from the property segment and adjusted EBITDA witnessed a CAGR of 12.8% and 12.5%, respectively. Amid secular growth trends in the wireless industry, the healthy performance is expected to continue in 2024 and beyond.
To capitalize on the secular trends of the industry, AMT is consistently focusing on macro-tower investment opportunities and expansionary efforts across global markets. For 2023, the company shelled out approximately $168 million to acquire communications sites, previously subleased sites in the United States and other communications-related infrastructure globally.
<h2>AMT&#39;s Ample Liquidity</h2>
Apart from having a robust operating platform, American Tower has ample liquidity to support its debt servicing. Its consistent adjusted EBITDA margins and revenue growth, as well as favorable return on invested capital, indicate strength in its underlying core business and support its ability to manage its near-term obligations.
As of June 30, 2024, the company had $9.17 billion in total liquidity, and its net leverage ratio was 4.8. In addition, with a weighted average remaining term of debt of 5.8 years, it has decent financial flexibility.
<h2>AMT&#39;s Sustainable Dividend Payouts</h2>
American Tower has a disciplined capital allocation strategy and remains committed to increasing shareholder value through regular dividend hikes. In the last five years, American Tower increased its dividend 17 times, and the annualized dividend growth rate for this period is 12.74%. Moreover, it has a lower dividend payout compared with its industry. Such disbursements highlight its operational strength and commitment to rewarding shareholders handsomely.
Shares of this Zacks Rank #3 (Hold) company have rallied 20.8% in the past six months, outperforming the industry&#39;s growth of 17.6%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/15/79025.jpg?v=1740832763" />
Image Source: Zacks Investment Research
<h2>What&#39;s Affecting AMT Stock?</h2>
American Tower has a high customer concentration, with T-Mobile, AT&amp;T and Verizon Wireless contributing 17%, 16% and 12%, respectively, of its property revenues for 2023. The loss of TMUS, T or Verizon Wireless as customers, consolidation among them or reduction in network spending could adversely impact the company&#39;s top-line growth.
The merger between T-Mobile and Sprint, which closed in April 2020, resulted in tower site overlap for American Tower. During the first half of 2024, the churn was roughly 2% of its tenant billings, mainly driven by the churn in its U.S. &amp; Canada property segment.
Given the contractual lease cancellations and non-renewals by T-Mobile, including legacy Sprint Corporation leases, management expects the churn rate in its U.S. &amp; Canada property segment to remain elevated through 2025.
Although the Federal Reserve has announced a rate cut, the interest rate is still high and is a concern for American Tower. Elevated rates imply a higher borrowing cost for the company, which would affect its ability to purchase or develop real estate. American Tower has a substantial debt burden, and its total debt, as of June 30, 2024, was approximately $38.97 billion.
<h2>Stocks to Consider</h2>
Some better-ranked stocks from the broader REIT sector are Lamar Advertising (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lamr#NASDAQ">LAMR</a>) and Four Corners Property Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fcpt#NYSE">FCPT</a>), each carrying a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Lamar&#39;s 2024 FFO per share is pinned at $8.09, suggesting year-over-year growth of 8.3%.
The Zacks Consensus Estimate for Four Corners&#39; 2024 FFO per share stands at $1.73, indicating an increase of 3.6% from the year-ago reported figure.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2340753/here-s-why-you-should-keep-american-tower-in-your-portfolio?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2340753">To read this article on Zacks.com click here.</a>

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FCPT

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Here's Why You Should Keep American Tower in Your Portfolio

CNBC Halftime Report Final Trades: Trane Technologies, American Tower, Regeneron Pharmaceuticals, Taiwan Semiconductor Manufacturing

American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) has outperformed the market over the past 20 years by 6.13% on an annualized basis producing an average annual return of 14.61%. Currently, American Tower has a market capitalization of $109.61 billion. 
Buying $100 In AMT: If an investor had bought $100 of AMT stock 20 years ago, it would be worth $1,568.65 today based on a price of $234.67 for AMT at the time of writing.
<h3>American Tower's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727101811_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning American Tower Stock In The Last 20 Years

JP Morgan analyst Philip Cusick maintains American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) with a Overweight and raises the price target from $240 to $250.

JP Morgan Maintains Overweight on American Tower, Raises Price Target to $250

Each week,&nbsp;Benzinga&#8217;s Stock Whisper Index&nbsp;uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the&nbsp;<a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and deserve attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Here's a look at the Benzinga Stock Whisper Index for the week of Sept. 13:
AST SpaceMobile Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>): The satellite and space-related company <a href="https://www.benzinga.com/general/biotech/24/08/40420145/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">rejoins the Stock Whisper Index</a> with a huge boost in interest from Benzinga readers during the week. The increase is likely attributable to the company<a href="https://www.benzinga.com/news/24/09/40837326/whats-going-on-with-ast-spacemobile-stock"> launching its first </a>five commercial satellites during the week. The Bluebird satellites will help the company's plan of providing coverage from space in the United States and select global markets.
The launch was part of a collaboration with AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), which is one of several key partners with AST SpaceMobile.
"This is an exciting next step to a future where our customers will only be hard to reach if they choose to be – giving them the power to go anywhere and the possibility to do anything while staying connected with just an everyday cell phone," AT&amp;T COO Jeff McElfresh said.
In 2024, AST SpaceMobile has secured additional investments from AT&amp;T, Verizon, Google and Vodafone and signed new contract awards with the U.S. Government. The company has over 45 mobile network operator deals signed globally.
Shares of AST SpaceMobile were down 6.6% over the last week, with news of a share offering of up to $400 million in stock sending shares lower. While the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091324&amp;t=be2bearmibe3na1">Benzinga Pro chart</a> below highlights the weekly move, shares are up over 450% year-to-date in 2024.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="496" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102035/Screenshot-175.png" alt="" class="wp-image-547121" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102035/Screenshot-175.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102035/Screenshot-175-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102035/Screenshot-175-768x382.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Read Also:&nbsp;<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40691773/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-august-2024-where-do-tesla-n" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In August 2024 – Where Do Tesla, Nvidia, Apple, AMD Stock Rank?</a>
Snap Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>): The social networking company saw an increase in interest from Benzinga readers, which may be related to both good and bad news. New Mexico's attorney general <a href="https://apnews.com/article/new-mexico-snapchat-attorney-general-sextortion-teens-1a1c4c856a24d15631f26bb69e0f4c74">filed </a>a suit against the company alleging child sexual extortion, saying Snap's site design and policies allow bad practices to happen. The lawsuit also alleges the company promotes child trafficking, drugs and guns through its Snapchat platform.
"Snap has misled users into believing that photos and videos sent on their platform will disappear, but predators can permanently capture this content and they have created a virtual yearbook of child sexual images that are traded, sold, and stored indefinitely," New Mexico Attorney General Raúl Torrez said.
The potential negative headline and future headwind for the company comes after Snap's CEO Evan Spiegel announced <a href="https://www.benzinga.com/markets/equities/24/09/40699921/snap-ceo-evan-spiegel-announces-focus-on-ad-business-and-ar-amid-still-competition-from-tiktok-a">a new focus</a> on the company's advertising business and augmented reality to beat competitors. Spiegel acknowledged that the company's advertising business is growing more slowly than its competitors, making it a key focus for improving the company's financials and boosting its share price.
Snap shares were up over 5% over the last week, as seen on the chart below, but shares remain down over 40% year-to-date.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102051/Screenshot-176.png" alt="" class="wp-image-547122" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102051/Screenshot-176.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102051/Screenshot-176-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102051/Screenshot-176-768x387.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>): The software company and major Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holder is no stranger to the Stock Whisper Index, with investor interest often rising in the name throughout the year. One reason for the company's potential boosted interest is that company chairman Michael Saylor highlighted MicroStrategy's <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40776328/microstrategys-bitcoin-strategy-has-outperformed-every-s-p-500-company-and-even-nvidia-sin">outperformance against every company </a>in the S&amp;P 500 since 2020, including NVIDIA.
"We beat every single company in the S&amp;P Index using Bitcoin strategy," Saylor said on CNBC.
The comment from Saylor follows his commentary in July, when he shared a chart that showed MicroStrategy's outperformance against key stocks since the company began investing in Bitcoin back in August 2020.  
"To outperform $NVDA – get on the #Bitcoin Standard," Saylor said at the time.
The company <a href="https://www.microstrategy.com/press/microstrategy-acquires-18300-btc-achieves-btc-yield-of-4-qtd-17-ytd-now-holds-244800-btc">announced </a>Friday morning that it had acquired an additional 18,300 BTC for around $1.11 billion, bringing its total holdings to 244,800 Bitcoin.
MicroStrategy shares are up over 6% over the last week and up over 90% year-to-date in 2024.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="506" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102108/Screenshot-177.png" alt="" class="wp-image-547123" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102108/Screenshot-177.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102108/Screenshot-177-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102108/Screenshot-177-768x391.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
American Tower Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>): The telecommunications real estate investment trust makes an appearance on the Stock Whisper Index with a large surge in interest. The company, which owns over 200,000 cell towers and data centers globally, made headlines during the week with the sale of its India business to Data Infrastructure Trust, an affiliate of Brookfield Asset Management. The deal brings in around $2.5 billion to American Tower, which will be used to pay down debt.
The company is expected to report third-quarter financial results in October. American Tower has beat analyst revenue estimates in 13 straight quarters. Several analysts have <a href="https://www.benzinga.com/quote/AMT/analyst-ratings">raised their price targets</a> on the stock ahead of the third-quarter earnings report.
American Tower CEO Steven Vondran highlighted the company's organic tenant billings growth and strong new business for data centers, leading to a guidance increase after <a href="https://www.benzinga.com/news/earnings/24/07/40048253/american-tower-q2-earnings-revenue-and-tenant-billings-growth-ceo-focuses-on-india-us-canada-segmen">second-quarter results.</a>
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="501" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102124/Screenshot-178.png" alt="" class="wp-image-547124" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102124/Screenshot-178.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102124/Screenshot-178-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102124/Screenshot-178-768x387.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Visionary Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>): The smallest company on the list for the week is also the biggest gainer. Visionary Holdings shares saw strong interest after <a href="https://www.benzinga.com/markets/equities/24/09/40836061/saudi-pif-backs-visionary-holdings-with-120m-investment-big-boost-for-ai-education-real-estate">the company announced</a> the Saudi Arabia Public Investment Fund (PIF) backed the company with up to a $120 million investment. 
The memorandum of understanding will help support several projects for the company, including acquisitions, upgrades, debt optimization and more. The two parties have also said they will collaborate on technology, life sciences and AI education initiatives. Visionary Holdings is a private educator in Canada and has market partners in China.
The stock has been highly volatile over the last week, with shares halted Thursday on the news. Investors should be aware that the company is small, with a market capitalization of $16 million.
Visionary Holdings shares were up 98% over the last week.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="504" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102139/Screenshot-179.png" alt="" class="wp-image-547125" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102139/Screenshot-179.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102139/Screenshot-179-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/13102139/Screenshot-179-768x389.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Stay tuned for next week&#8217;s report, and follow Benzinga Pro for all the latest headlines and&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091324&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/08/40284758/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">August 9</a></li>
<li><a href="https://www.benzinga.com/general/biotech/24/08/40420145/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">August 16</a></li>
<li><a href="https://www.benzinga.com/top-stories/24/08/40531771/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">August 23</a></li>
<li><a href="https://www.benzinga.com/exclusives/24/08/40653930/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">August 30</a></li>
<li><a href="https://www.benzinga.com/general/biotech/24/09/40752686/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">September 6 </a></li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39817792/missed-out-on-nvidia-michael-saylor-says-get-on-the-bitcoin-standard-for-even-better-retur">Missed Out On Nvidia? Michael Saylor Says &#8216;Get On The Bitcoin Standard&#8217; For Even Better Returns</a></li>
</ul>
Image courtesy of Benzinga.

Exclusives

$BTC

ASTS

MSTR

SNAP

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

With economic conditions stabilizing and demand rising for infrastructure, REITs present a compelling opportunity. Given this backdrop, you might consider keeping track of top-rated REITs like American Tower Corp (AMT), SBA Communications Corp (SBAC), and Alexandria Real Estate Equities, Inc. (ARE) that have attractive dividend yield and growth opportunities. Read more… Real Estate Investment Trusts, or <a href="https://www.investopedia.com/terms/r/reit.asp">REITs</a>, are gaining traction among income-focused investors due to their ability to offer consistent dividends along with long-term growth prospects.
Thus, investors looking for high dividend yields may consider looking into American Tower Corporation (<a href="https://stocknews.com/stock/AMT/">AMT</a>), SBA Communications Corporation (<a href="https://stocknews.com/stock/SBAC/">SBAC</a>), and Alexandria Real Estate Equities, Inc. (<a href="https://stocknews.com/stock/ARE/">ARE</a>), which are also poised to grow.  
In the current environment, cooling inflation and stabilizing interest rates provide a favorable atmosphere for REITs. Samuel Sahn, managing partner and portfolio manager at Hazelview Investments, <a href="https://www.wealthprofessional.ca/news/industry-news/reits-poised-for-recovery-as-market-conditions-shift-in-their-favour/386788">believes that</a> "macroeconomic conditions are taking a shift in the favor of interest rate-sensitive industries like REITs." These conditions help REITs reduce borrowing costs, making it easier to expand their portfolios and enhance profitability.
Investors are particularly drawn to top-rated REITs that specialize in sectors like industrial properties, residential spaces, and data centers, each thriving in response to emerging market trends. Moreover, <a href="https://www.reit.com/investing/why-invest-reits">REITs provide diversification opportunities</a>, which makes them less correlated. REITs can help maximize returns while balancing sector-specific risks.
The global REIT market is anticipated to grow by $350.20 billion by 2028, <a href="https://www.technavio.com/report/reit-market-analysis">exhibiting a CAGR of 2.9%</a>, showing a real positive REIT growth in the economy. REITs offer a compelling mix of income generation and capital appreciation.
Considering these conducive trends, let's look at the fundamentals of the above-mentioned stocks in detail:
American Tower Corporation (<a href="https://stocknews.com/stock/AMT/">AMT</a>)
AMT owns, operates, and develops real estate for multitenant communications. Its primary business is leasing space on multitenant communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies, municipalities, and other industries. 
On October 25, AMT paid a quarterly cash distribution of $1.62 per share on its common stock. It has raised its <a href="https://www.investopedia.com/terms/d/dividend.asp">dividends</a> for 11 consecutive years. The company pays an annual dividend of $6.56, which translates to a yield of 2.91% at the current share price level, while its four-year average dividend yield is 2.58%.
Moreover, AMT's dividend payments have grown at CAGRs of 9.3% and 12.7% over the past three and five years, respectively.
AMT's total operating revenues for the fiscal second quarter that ended June 30, 2024, increased 4.6% year-over-year to $2.90 billion. The company's operating income grew 47% from the year-ago quarter to $1.28 billion, while its attributable net income came in at $900.30 million, representing an increase of 89.3% from last year.
In addition, AFFO and AFFO per share attributable to AMT common stockholders stood at $1.31 billion and $2.79, up 13.5% and 13.4% year-over-year, respectively. Furthermore, its adjusted EBITDA rose 8.1% from the prior year's period to $1.89 billion.
Street expects AMT's FFO for the current year (ending December 2024) to increase 7% year-over-year to $10.56, while its revenue is estimated to reach $10.94 billion. Further, AMT topped the consensus FFO estimates in three of the trailing four quarters, which is promising.
Moreover, AMT's revenue has grown at CAGRs of 9.7% and 8.3% over the past three and five years, respectively. In addition, its net income increased at 11.1% CAGR over the past five years.
The stock has gained 37.6% over the past year and 28.9% over the past six months to close the last trading session at $222.80.
AMT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
AMT has a B grade for Growth, Momentum, Stability, and Quality. It is ranked #4 out of 44 stocks in the <a href="https://stocknews.com/category/reits-diversified/">REITs - Diversified</a> industry. <a href="https://stocknews.com/stock/AMT/">Click here</a> to see the additional ratings for AMT (Value and Sentiment).
SBA Communications Corporation (<a href="https://stocknews.com/stock/SBAC/">SBAC</a>)
SBAC is a leading independent owner and operator of wireless communications infrastructure, including towers, buildings, rooftops, distributed antenna systems (DAS), and small cells. It operates through two segments: Domestic Site Leasing and International Site Leasing. 
On September 18, buoyed by its strong financial performance, SBAC paid its shareholders a quarterly dividend of $0.98 per share on its Class A Common Stock. It pays an annual dividend of $3.92, which translates to a yield of 1.62% at the current price level. The company's four-year average dividend yield is 1.08%. Moreover, SBAC's dividend payouts have grown at a CAGR of 59.3% over the past five years.
SBAC's total revenues for the fiscal second quarter that ended June 30, 2024, amounted to $660.48 million, with a 1.2% year-over-year increase in its site leasing revenue.
Its operating income stood at $354.47 million, up 46.9% year-over-year, while its net income grew 30.4% from the year-ago value to $159.45 million. Moreover, the company's AFFO and AFFO per share amounted to $354.33 million and $3.29, respectively, increasing 1.5% and 2.8% from the prior year's period.
Analysts expect SBAC's revenue and FFO for the current year (ending December 2024) to be $2.66 billion and $12.35, respectively. For the fiscal year 2025, both its revenue and FFO are expected to grow by 2% and 2.8% from the prior year to $2.71 billion and $12.70, respectively.
Over the past three and five years, SBAC's operation income (EBIT) grew at CAGRs of 21.5% and 17.2%, respectively, while its diluted EPS grew at 33.1% CAGR over the past five years.
Over the past year, the stock has surged 23.6%, closing the last trading session at $241.79.
SBAC's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has a B grade for Growth, Momentum, and Quality. Within the REITs - Diversified industry, it is ranked #6 out of 44 stocks. <a href="https://stocknews.com/stock/SBAC/">Click here</a> to see SBAC's ratings for Value, Stability, and Sentiment.
Alexandria Real Estate Equities, Inc. (<a href="https://stocknews.com/stock/ARE/">ARE</a>)
ARE is a life science real estate investment trust that owns, operates, and develops collaborative life science, agricultural technology (ag-tech), and advanced technology mega campuses in AAA innovation cluster locations.
On October 15, the company paid its shareholders a quarterly dividend of $1.30 per common share. With 13 years of consecutive dividend growth, ARE pays an annual dividend of $5.20, which translates to a yield of 4.60% at the current price level. Moreover, its dividend payouts have grown at CAGRs of 5.2% and 5.5% over the past three and five years, respectively.
ARE's revenues increased 10.9% year-over-year for the third quarter that ended September 30, 2024, to $791.61 million. Its net income grew 213% from the year-ago value to $213.60 million, while the investment income came in at $15.24 million compared to a year-ago net loss of $80.67 million. Also, its FFO and FFO per share came in at $407.87 million and $2.37, representing an increase of 5.5% and 4.9% year-over-year.
The consensus revenue estimate of $777.55 million for the fiscal fourth quarter (ending December 2024) represents a 2.7% increase year-over-year. The consensus FFO estimate of $2.39 for the same quarter indicates a 5% improvement year-over-year. The company has an impressive surprise history; it surpassed the consensus EPS estimates in three of the trailing four quarters.
ARE's revenue has grown at CAGRs of 15.4% and 15.9% over the past three and five years, respectively. Likewise, the company's earnings from continued operations have increased at a CAGR of 23.4% over the past five years.
ARE's stock has surged 22.9% over the past year to close the last trading session at $113.02.
ARE's stance is reflected in its POWR Ratings. It has a B grade for Growth and Momentum.
It is ranked #2 out of 12 stocks in the <a href="https://stocknews.com/category/reits-office/">REITs - Office</a> industry. <a href="https://stocknews.com/stock/ARE/">Click here</a> to see the other ARE ratings for Value, Stability, Sentiment, and Quality.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
AMT shares were trading at $222.40 per share on Monday afternoon, down $0.40 (-0.18%). Year-to-date, AMT has gained 5.57%, versus a 23.52% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: ShreyaRathi</h2> <img src='https:/wp-content/uploads/2024/10/0.jpeg' style="float:left; padding:5px;width:125px;"><a href="https://stocknews.com/authors/?author=shreya-rathi">More...</a>The post <a href=https://stocknews.com/news/amt-sbac-are-3-top-rated-reits-for-high-dividends-and-growth-potential/>3 Top-Rated REITS for High Dividends and Growth Potential</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Top-Rated REITS for High Dividends and Growth Potential

NZS Capital Growth Equity Strategy Q3 2024 Investment Commentary

5 U.S. REITs Suspend Dividends Amid 2024 Cuts

Bank of America Securities analyst David Barden maintained a Buy rating on American Tower (AMT – Research Report) today. The company's shares opene...

American Tower (AMT) Gets a Buy from Bank of America Securities

As 5G revolutionizes industries, investors can look to invest in communication-focused REITs such as American Tower Corp. (AMT), Crown Castle (CCI), and SBA Communications (SBAC) that seem to thrive and generate significant long-term returns. Read on… As 5G technology reshapes industries, <a href="https://www.investopedia.com/terms/r/reit.asp">Real Estate Investment Trusts (REITs)</a> with stakes in communication infrastructure are positioned to benefit from this high-tech wave. Below, I have highlighted three fundamentally strong REITs: American Tower Corporation (<a href="https://stocknews.com/stock/AMT/">AMT</a>), Crown Castle Inc. (<a href="https://stocknews.com/stock/CCI/">CCI</a>), and SBA Communications Corporation (<a href="https://stocknews.com/stock/SBAC/">SBAC</a>), which are poised for growth as the 5G rollout gains momentum.
You've probably heard of 5G by now. It's the latest or, let's say, ‘fifth' generation of cellular wireless technology that promises speeds up to 100 times faster than 4G, enabling nearly instant internet connections. Beyond our smartphones, 5G unlocks the potential for innovations like self-driving cars, advanced robotics, AI-driven applications, and even entire smart cities.
However, to support this next-generation technology, an extensive infrastructure overhaul is necessary, meaning new and upgraded cell towers and support structures are in high demand. According to Fortune Business Insights, the global 5G infrastructure market is projected to reach <a href="https://www.fortunebusinessinsights.com/industry-reports/5g-infrastructure-market-100869">$590.18 billion by 2032</a>, exhibiting a CAGR of 42.7% from 2024 to 2032.
This increased need for towers translates to growing opportunities for REITs specializing in communication infrastructure. Moreover, REITs offer a unique advantage for investors, as they're required to distribute at least 90% of their income as dividends, making them a reliable source of returns even in uncertain economic times.
Furthermore, Technavio projects that the global REIT market will increase by $350.20 billion between 2023 and 2028. The market's growth momentum is estimated to accelerate at a <a href="https://www.technavio.com/report/reit-market-analysis">CAGR of 2.9%</a> in the same period.
With these factors in mind, let's examine the fundamentals of <a href="https://stocknews.com/category/reits-diversified/">REITs - Diversified</a> stocks, starting with the #3 on our list.
Stock #3: Crown Castle Inc. (<a href="https://stocknews.com/stock/CCI/">CCI</a>)
CCI is a REIT that owns, operates, and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across the U.S. market. Its business provides access, including space or capacity, to its shared communications infrastructure via long-term contracts in various forms, including lease, license, sublease, and service agreements.
On September 30, the company paid its shareholders a quarterly dividend of $1.57 per common share. With nine years of consecutive dividend growth, CCI pays an annual dividend of $6.26, which translates to a yield of 5.62% at the current price level. Moreover, its dividend payouts have grown at CAGRs of 5.6% and 6.8% over the past three and five years, respectively.
CCI's site rental revenues increased marginally year-over-year for the third quarter that ended September 30, 2024, to $1.59 billion. Its operating income grew 11.9% from the year-ago value to $544 million, while its net income stood at $303 million, up 14.3% year-over-year. The company's adjusted EBITDA grew 2.7% from the prior year period to $1.08 billion. Also, its adjusted FFO and AFFO per share came in at $801 million and 1.84, representing an increase of 4.4% and 3.9% year-over-year.
Analysts expect CCI's FFO and revenue for the current year ending December 31, 2024, to reach $6.61 and $6.56 billion, respectively. For the fiscal year 2025, its EPS is forecasted to increase by 1.8% year-over-year to $6.73, while its revenue is estimated to be $6.46 billion.
Over the past year, the REIT has gained 23.6%, closing the last trading session at $108.91.
CCI's stance is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has a B grade for Momentum and Quality. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #16 out of 44 stocks in the <a href="https://stocknews.com/category/reits-diversified/">REITs - Diversified</a> industry. <a href="https://stocknews.com/stock/CCI/">Click here</a> to see the other CCI ratings for Growth, Value, Stability, and Sentiment.
Stock #2: SBA Communications Corporation (<a href="https://stocknews.com/stock/SBAC/">SBAC</a>)
SBAC is a leading independent owner and operator of wireless communications infrastructure, including towers, buildings, rooftops, distributed antenna systems (DAS), and small cells. It has a portfolio of more than 39,000 communications sites in 15 markets throughout the Americas, Africa, and the Philippines.
On September 18, buoyed by its strong financial performance, SBAC paid its shareholders a quarterly dividend of $0.98 per share on its Class A Common Stock. The company has raised its dividends for four consecutive years. It pays an annual dividend of $3.92, which translates to a yield of 1.59% at the current price level. Moreover, SBAC's dividend payouts have grown at a CAGR of 19.8% over the past three years, while its four-year average dividend yield is 1.08%.
SBAC's total revenues for the fiscal second quarter that ended June 30, 2024, amounted to $660.48 million, with a 1.2% year-over-year increase in its site leasing revenue. Its operating income stood at $354.47 million, up 46.9% year-over-year, while its net income grew 30.4% from the year-ago value to $159.45 million. Moreover, the company's AFFO and AFFO per share amounted to $354.33 million and $3.29, respectively, increasing 1.5% and 2.8% from the prior year's period.
For the third quarter of fiscal 2024 (ended September 2024), SBAC's FFO is expected to grow by 17.7% year-over-year to $3.20, while its revenue for the same period is estimated to be $670.22 million. Moreover, the consensus revenue and FFO estimates of $2.71 billion and $12.70 for the next fiscal year ending December 2025 reflect a 2% and 2.8% year-over-year growth, respectively.
The stock has gained 22.7% over the past year to close the last trading session at $241.79.
SBAC's strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
It also has a B grade for Growth, Momentum, and Quality. Within the same industry, it is ranked #7 out of 44 stocks. <a href="https://stocknews.com/stock/SBAC/">Click here</a> to see the additional ratings for SBAC (Value, Stability, and Sentiment).
Stock #1: American Tower Corporation (<a href="https://stocknews.com/stock/AMT/">AMT</a>)
AMT owns, operates, and develops real estate for multitenant communications. It works primarily on leasing space on multitenant communications to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies, municipalities, and tenants in various industries.
On September 12, AMT declared a quarterly cash distribution of $1.62 per share on its common stock. The distribution is payable on October 25, 2024, to stockholders of record at the close of business on October 9, 2024. This reflects AMT's ongoing commitment to shareholder returns.
AMT has raised its dividends for 11 consecutive years. It pays an annual dividend of $6.48, which translates to a yield of 2.87% at the current share price level. Moreover, the company's dividend payments have grown at CAGRs of 9.3% and 12.7% over the past three and five years, respectively.
AMT's total operating revenues for the fiscal second quarter that ended June 30, 2024, increased 4.6% year-over-year to $2.90 billion. The company's operating income grew 47% from the year-ago quarter to $1.28 billion, while its attributable net income came in at $900.30 million, representing an increase of 89.3% from last year.
In addition, AFFO and AFFO per share attributable to AMT common stockholders stood at $1.31 billion and $2.79, up 13.5% and 13.4% year-over-year, respectively. Furthermore, its adjusted EBITDA rose 8.1% from the prior year's period to $1.89 billion.
Street expects AMT's FFO for the current year (ending December 2024) to increase 7% year-over-year to $10.56, while its revenue is estimated to reach $10.94 billion. Furthermore, AMT topped the consensus FFO estimates in three of the trailing four quarters, which is promising.
Shares of AMT have surged 28.5% over the past six months and 36.5% over the past year to close the last trading session at $222.80.
AMT's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
It has a B grade for Growth, Momentum, Stability, Sentiment, and Quality. AMT is ranked #5 out of 44 stocks in the REITs – Diversified industry. <a href="https://stocknews.com/stock/AMT/">Click here</a> to see AMT's rating for Value.
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AMT shares . Year-to-date, AMT has gained 5.76%, versus a 22.97% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/amt-cci-sbac-3-reits-benefiting-from-the-global-5g-rollout/>3 REITs Benefiting From the Global 5G Rollout</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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