BOSTON, July 25, 2019 – Shares of American Tower Corporation (REIT) (NYSE: AMT) lost -0.81% to $205.12. The stock traded total volume of 843.043K shares lower than the average volume of 1.67M shares.
American Tower Corp. (AMT) reported that it had funds from operations of $817.80M, or $1.84 per share, in the period. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of $1.86 per share. Funds from operations are a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $397.40M, or 89 cents per share. The wireless communications infrastructure company posted revenue of $1.81B in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.80B.
AMT has the market capitalization of $92.79B and its EPS growth ratio for the past five years was 14.90%. The return on assets ratio of the Company was 3.90% while its return on investment ratio stands at 7.60%. Price to sales ratio was 12.35 while 96.90% of the stock was owned by institutional investors.
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