American Tower Corporation (AMT)
| Market Cap | 93.87B |
| Revenue (ttm) | 11.17B |
| Net Income (ttm) | 1.11B |
| Shares Out | 467.29M |
| EPS (ttm) | 2.37 |
| PE Ratio | 84.65 |
| Forward PE | 28.29 |
| Dividend | $6.48 (3.23%) |
| Ex-Dividend Date | Oct 9, 2024 |
| Volume | 2,220,143 |
| Open | 200.00 |
| Previous Close | 201.15 |
| Day's Range | 199.41 - 201.55 |
| 52-Week Range | 170.46 - 243.56 |
| Beta | 0.84 |
| Analysts | Buy |
| Price Target | 235.43 (+17.2%) |
| Earnings Date | Oct 29, 2024 |
About AMT
American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities. [Read more]
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 StatementsAnalyst Forecast
According to 14 analysts, the average rating for AMT stock is "Buy." The 12-month stock price forecast is $235.43, which is an increase of 17.20% from the latest price.
News
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 2035 in aggregate principal amounts...
American Tower: An Undervalued Dividend Stock Benefiting From Durable Competitive Advantages
American Tower, a real estate investment trust that owns, operates, and develops broadcast communications infrastructure worldwide, is now a $94 billion (by market cap) real estate titan. AMT increase...
My Portfolio's Biggest Winners And Losers From A Republican Sweep
The election's swift resolution led to a sharp market reaction; S&P 500 rose ~4.5%, but REITs were weighed down by rising Treasury rates. Trump's victory is seen as inflationary, benefiting REIT funda...
5 U.S. REITs Suspend Dividends Amid 2024 Cuts
Five US real estate investment trusts have suspended dividends so far this year, while six other REITs have lowered regular dividend payouts. The activity contrasts with the more than one-third of the...
3 REITs With Rapid Dividend Growth
Most REITs are in a strong position to grow their dividend in 2025. But some are growing far faster than others. I discuss 3 of the fastest growing REITs.
American Tower: Not So Long A Way Down
American Tower Corporation reported Q3-2024 and announced the sale of its India business. The stock is still hanging on to hopes of a return to the glory days. The reality is that the larger company i...
American Tower Corporation (AMT) Q3 2024 Earnings Call Transcript
American Tower Corporation (NYSE:AMT) Q3 2024 Earnings Call Transcript October 29, 2024 8:30 AM ET Company Participants Adam Smith - SVP of IR & FP&A Steve Vondran - President and CEO Rod Smith - EVP...
American Tower misses quarterly revenue estimates on leasing slowdown
Real estate investment trust American Tower missed estimates for third-quarter revenue on Tuesday due to diminished customer spending in its leasing business.
American Tower Corporation Reports Third Quarter 2024 Financial Results
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended September 30, 2024. Steven Vondran, American Tower's Chief Executive Officer, sta...
American Tower: Minimal Dividend Growth Through 2025 - Wait For The Pullback
American Tower has outperformed on a YTD basis while raising their FY2024 guidance, thanks to the ongoing 5G upgrades and colocation growths. Even so, with over half of its sites already "upgraded wit...
Crown Castle Is Still A Better Play Than American Tower
American Tower Corporation's international growth and asset sales have improved its relative position, but Crown Castle Inc. remains a strong buy due to its upside potential. Crown Castle has faced re...
American Tower's Multiyear Underperformance Will Continue
American Tower remains overvalued, underperforming the S&P 500 by 40% since our last recommendation against investing in the company. The company's substantial debt, lofty valuation, and moderate grow...
CoreSite Launches First Oracle FastConnect 50G Multicloud Networking Capability in Three Data Center Markets
DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”) and a member of Oracle PartnerNetwork (OPN), today...
5 Stocks To Own For The 2024 Elections & Beyond!
Economic growth could slowly pick up in the U.S. and globally, as inflationary pressures continue to ease, with the Fed joining the rate-cut “party,” which could lead to even stronger corporate earnin...
American Tower Plans Third Quarter 2024 Earnings Release and Conference Call
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced today that the press announcement of its third quarter 2024 results is scheduled to be released to the news services at 7:00 a...
AWS Launches Native 400G Direct Connect at CoreSite's Silicon Valley and Northern Virginia Campuses
DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced that AWS Direct Connect launched ...
Final Trades: Trane Tech, American Tower, Regeneron and Taiwan Semi
The Investment Committee give you their top stocks to watch for the second half.
American Tower: Long Way Down
American Tower is no longer a growth story; FFO has flatlined over the past three years despite inflationary tailwinds. Valuation compression was close to being done when we last wrote about it, but t...
American Tower: 5G Reacceleration, But Volatility Comes First (Rating Upgrade)
American Tower's (AMT) stock price appreciated by nearly 24% since February, driven by improved financial performance and a more dovish-looking Fed. The India exit, involving a $2.5 billion asset sale...
DCLA's Sarat Sethi on his top stock picks: AMT, NSRGY, CRM, WDAY
Sarat Sethi, DCLA portfolio manager, joins 'Squawk Box' to discuss his top stock picks.
American Tower Corporation Declares Quarterly Distribution
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced that its Board of Directors declared a quarterly cash distribution of $1.62 per share on shares of the Company's common stock....
American Tower Closes the Sale of Operations in India to Brookfield
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) (“American Tower”) today announced that it has closed the previously announced sale of 100% of the equity interests in its operations in...
American Tower Corporation (AMT) Bank of America 2024 Global Real Estate Conference (Transcript)
American Tower Corporation (NYSE:AMT) Bank of America 2024 Global Real Estate Conference September 10, 2024 1:30 PM ET Company Participants Adam Smith - Senior Vice President, Corporate Finance and I...
American Tower Corporation (AMT) Goldman Sachs Communacopia + Technology Conference (Transcript)
American Tower Corporation (NYSE:AMT) Goldman Sachs Communacopia + Technology Conference September 9, 2024 4:45 PM ET Company Participants Steve Vondran - Chief Executive Officer Conference Call Part...