American Tower Corporation (AMT)

NYSE: AMT · IEX Real-Time Price · USD
192.27
-1.75 (-0.90%)
At close: Jul 2, 2024, 4:00 PM
195.00
+2.73 (1.42%)
After-hours: Jul 2, 2024, 7:58 PM EDT
-0.90%
Market Cap 89.79B
Revenue (ttm) 11.21B
Net Income (ttm) 2.06B
Shares Out 466.98M
EPS (ttm) 4.43
PE Ratio 43.40
Forward PE 29.60
Dividend $6.48 (3.37%)
Ex-Dividend Date Jun 14, 2024
Volume 1,890,799
Open 194.35
Previous Close 194.02
Day's Range 191.55 - 195.24
52-Week Range 154.58 - 219.10
Beta 0.79
Analysts Buy
Price Target 220.62 (+14.75%)
Earnings Date Jul 30, 2024

About AMT

American Tower is one of the largest global real estate investment trusts and a leading independent owner, operator and developer of multitenant communications real estate. Our primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a number of other industries. In addition to the communications sites in our portfolio, we manage rooftop and tower sites for property owners under various ... [Read more]

Sector Real Estate
IPO Date Jun 5, 1998
Employees 5,643
Stock Exchange NYSE
Ticker Symbol AMT
Full Company Profile

Financial Performance

In 2023, American Tower's revenue was $11.14 billion, an increase of 4.04% compared to the previous year's $10.71 billion. Earnings were $1.48 billion, a decrease of -16.00%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for AMT stock is "Buy." The 12-month stock price forecast is $220.62, which is an increase of 14.75% from the latest price.

Price Target
$220.62
(14.75% upside)
Analyst Consensus: Buy
Stock Forecasts

News

American Tower Plans Second Quarter 2024 Earnings Release and Conference Call

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced today that the press announcement of its second quarter 2024 results is scheduled to be released to the news services at 7:00 ...

5 days ago - Business Wire

Final Trades: Edwards Lifesciences, American Tower & TransDigm

The Investment Committee discuss their top stocks to watch for the second half.

Other symbols: EWTDG
6 days ago - CNBC Television

Jacksonville Transportation Authority Announces Groundbreaking of Autonomous Innovation Center (AIC) as Hub for U2C Program with Balfour Beatty's V2R Team

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Jacksonville Transportation Authority and Balfour Beatty's Vision 2 Reality Team Break Ground on Autonomous Innovation Center.

Other symbols: ADUS
4 weeks ago - Business Wire

CoreSite Strengthens Native Cloud Ecosystem at Chicago Data Center Campus with AWS Direct Connect

DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced the company now offers native acc...

4 weeks ago - Business Wire

American Tower Corporation Declares Quarterly Distribution

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced that its Board of Directors (the “Board”) declared a quarterly cash distribution of $1.62 per share on shares of the Company's...

5 weeks ago - Business Wire

American Tower Corporation Prices Senior Notes Offering

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2030 and 2034 in aggregate principal amounts...

5 weeks ago - Business Wire

Final Trades: Meta, American Tower and Lennar

The Investment Committee gives you their top stocks to watch for the second half.

Other symbols: LENMETA
6 weeks ago - CNBC Television

American Tower Corporation Announces Participation in Upcoming Investor Conferences

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced that it will participate in the following upcoming investor conferences: Wednesday, May 15, 2024, 10:00 a.m. ET – Adam S...

7 weeks ago - Business Wire

American Tower Corp raises annual revenue forecast on healthy telecom spending

American Tower raised its forecast for annual property revenue on Tuesday as the real estate investment trust benefits from healthy telecom and wireless carrier spending.

2 months ago - Reuters

American Tower Corporation Reports First Quarter 2024 Financial Results

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended March 31, 2024. Steven Vondran, American Tower's Chief Executive Officer, stated,...

2 months ago - Business Wire

Oxide Computer Company Transforms Hyperscale-Grade Cloud Infrastructure Leveraging CoreSite's Data Center Solutions

DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced partnership with Oxide Computer C...

2 months ago - Business Wire

Top 3 Real Estate Stocks That Could Lead To Your Biggest Gains This Quarter - American Tower (NYSE:AMT), Opendoor Technologies (NASDAQ:OPEN)

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Other symbols: OPENZ
2 months ago - Benzinga

CoreSite Helps Customers Accelerate Artificial Intelligence Adoption as NVIDIA DGX-Ready Data Center Partner

DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced that it has been certified as par...

3 months ago - Business Wire

American Tower Plans First Quarter 2024 Earnings Release and Conference Call

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced today that the press announcement of its first quarter 2024 results is scheduled to be released to the news services at 7:00 a...

3 months ago - Business Wire

American Tower Corporation Announces Election of Neville R. Ray to Board of Directors and Declares Quarterly Distribution

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced that its Board of Directors (the “Board”) has elected Neville R. Ray as a director. Mr. Ray most recently served as T-Mobile's...

3 months ago - Business Wire

The Stock Market Is Already Way Up. 8 Stocks That Can Still Outperform.

Finding promising stocks is harder, given that the S&P 500 has risen by about one-third over 12 months.

Other symbols: DRIINCYPEPPGSBUXTYLV
4 months ago - Barrons

CoreSite Featured in the CRN 2024 Data Center 50 List

DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced that CRN, a media brand of The Ch...

4 months ago - Business Wire

American Tower Corporation Announces Participation in Upcoming March Investor Conferences

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced that it will participate in the following upcoming March investor conferences: Tuesday, March 5, 2024, 1:05 p.m. ET – Ad...

4 months ago - Business Wire

American Tower Corporation Reports Fourth Quarter and Full Year 2023 Financial Results

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today reported financial results for the quarter and full year ended December 31, 2023. Steven Vondran, American Tower's Chief Executive...

4 months ago - Business Wire

Glo Fiber Business and CoreSite to Expand Network Connectivity to Washington, D.C.

EDINBURG, Va. , Feb. 21, 2024 /PRNewswire/ -- Glo Fiber Business, powered by Shenandoah Telecommunications Company ("Shentel") (Nasdaq: SHEN), is proud to announce an agreement with CoreSite to secure...

Other symbols: SHEN
4 months ago - PRNewsWire

Analysts' Top S&P 500 Dividend Stocks to Buy Now

Analysts' top-rated dividend stocks in the S&P 500 yielding at least 3% include blue-chip stalwarts such as Coca-Cola, CVS Health and Chevron.

Other symbols: ARECVSCVXDTEFANGHSTKO
5 months ago - Kiplinger

American Tower Plans Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced today that the press announcement of its fourth quarter and full year 2023 results is scheduled to be released to the news ser...

5 months ago - Business Wire

CoreSite to be Featured at PTC 2024

DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), will participate in the upcoming Pacific Telecomm...

5 months ago - Business Wire

American Tower Corporation Announces Tax Reporting Information for 2023 Distributions

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced year-end tax reporting information for its 2023 distributions. Stockholders are urged to consult with their personal tax...

5 months ago - Business Wire

CoreSite Recognized as a Finalist in the Gartner® 2023 Eye on Innovation Awards for Communication Service Providers for The Americas

DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced that it was selected as a finalis...

6 months ago - Business Wire