Crown Castle (CCI) reported mixed financial numbers in the third quarter of 2016.
While bank CDs and money market funds have been paying next to nothing for the past 8 years, good REIT managers have delivered double digit total returns. But, Sam Miklosko, says it’s time to sell REITs like American Tower that yield less than 3%.
American Tower was downgraded as a result of rising operating expenses and a highly leveraged balance sheet along with adverse foreign currency exchange rate, stiff competition and integration risks.
Zacks Industry Outlook Highlights: American Tower, Equinix, Macerich and Mack-Cali Realty
Verizon Communications Inc. (VZ) is about to sign a deal with Eqinix Inc. (EQIX) to divest its data center business for a consideration of around $3.5 billion.
REIT Poised to Grow on Low Rates, Stand-alone Sector and More
Ushering in good news for W. P. Carey Inc. (WPC), Moody's announced that it has affirmed the ratings of the company with a stable outlook.
Liberty Property Trust (LPT) has finally closed the sale of 108 properties in five markets for $969 million. Majority of them were suburban office and flex non-core assets.
SL Green Realty Corp. (SLG) announced the execution of a deal to convey a 30-year leasehold condominium interest at the News Building in Manhattan, NY, to Visiting Nurse Service of New York.
American Tower (AMT) was upgraded to a Zacks Rank #1 (Strong Buy).
Stock Research Reports for Amazon, Boeing & MasterCard
Equity Residential (EQR) is on track to meet its full year same store revenue guidance. In fact, this residential real estate investment trust has reaffirmed its same store revenue projections.
Highwoods Properties, Inc. (HIW) announced the acquisition of office property, Charter Square, in CBD Raleigh. The buyout fits the company's strategy of expansion in the BBDs.
The telecom sector was hooked on earnings news over the last week too. Several large non-U.S. telecom MNCs have announced their second-quarter 2016 financial results. The overall reports were mixed for most of these companies.
Telecom Stock Roundup: Comcast, T-Mobile US and Sprint Post Strong Q2, Mixed Bag for AT&T and Verizon
Last week was all about earnings in the telecom sector. Several major sector participants revealed their second-quarter 2016 financial numbers.
American Tower Corp. (AMT) reported strong financial numbers for the second quarter of 2016, with both the top and bottom lines outpacing the respective Zacks Consensus Estimate.
American Tower Corp. (AMT) has been aggressively buying towers in emerging markets for last five years.