The Latest Breaking News from American Tower

In a market filled with doom and gloom, finding positive surprises in the S&P 500 is all the sweeter. And there's plenty of them.

Within the last quarter, American Tower (NYSE:AMT) has observed the following analyst ratings:

American Tower (NYSE:AMT) has outperformed the market over the past 20 years by 16.27% on an annualized basis producing an average annual return of 23.36%. Currently, American Tower has a market capitalization of $118.49 billion.

American Tower's (NYSE:AMT) short percent of float has risen 48.68% since its last report. The company recently reported that it has 5.14 million shares sold short, which is 1.13% of all regular shares that are available for trading.

American Tower (NYSE:AMT) has outperformed the market over the past 10 years by 1.83% on an annualized basis producing an average annual return of 13.46%. Currently, American Tower has a market capitalization of $109.29 billion.

American Tower's (NYSE:AMT) short percent of float has fallen 6.17% since its last report. The company recently reported that it has 3.46 million shares sold short, which is 0.76% of all regular shares that are available for trading.

Within the last quarter, American Tower (NYSE:AMT) has observed the following analyst ratings:

American Tower Corp (NYSE:AMT) reported first-quarter FY22 revenue growth of 23.2% year-on-year to $2.66 billion, beating the consensus of $2.60 billion. Property revenue increased 22.1% Y/Y to $2.60 billion. Tenant Billings grew 10.3%, and Organic Tenant Billings increased 3%. AFFO per share attributable was $2.55, up 3.7% Y/Y. The company generated $663.6 million…

Stable stocks typically outperform in times of slowing economic growth and tightening financial conditions, Goldman said.