American Tower Corporation (AMT)
| Market Cap | 85.86B |
| Revenue (ttm) | 11.17B |
| Net Income (ttm) | 1.11B |
| Shares Out | 467.29M |
| EPS (ttm) | 2.37 |
| PE Ratio | 44.25 |
| Forward PE | 25.87 |
| Dividend | $6.48 (3.53%) |
| Ex-Dividend Date | Dec 27, 2024 |
| Volume | 5,652,914 |
| Open | 182.08 |
| Previous Close | 179.40 |
| Day's Range | 181.83 - 186.51 |
| 52-Week Range | 170.46 - 243.56 |
| Beta | 0.82 |
| Analysts | Buy |
| Price Target | 235.71 (+28.29%) |
| 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 $235.71, which is an increase of 28.29% from the latest price.
News
10 Stocks I'm Buying As REITs Have Never Looked So Good
The recent market selloff, driven by the Fed's revised rate-cut forecast, has made high-quality REITs attractively priced for long-term dividend growth investors. Despite poor stock price performance,...
American Tower: How To Make 10% Returns Here While Lowering Your Risk
We had a bearish take on American Tower on account of its towering valuation and poor growth prospects. The stock has lost 24% since our first Sell rating and reached our price target. We go over the ...
American Tower: Attractive Yield Following Share Price Slump
American Tower Corporation offers a solid long-term outlook with a 3.6% dividend yield and trades at an undemanding valuation after recent share price declines. The company can grow through additional...
American Tower: Buy The Drop While The Market Is Fearful
American Tower's recent price decline presents a compelling opportunity for income-focused investors, offering a 3.5% dividend yield and potential for market-beating total returns. AMT's robust global...
Retire Rich: 2 Undervalued REITs To Secure Your Income Stream
Realty Income and Crown Castle offer high yields and trade below intrinsic values, making them attractive for income investors. Realty Income's triple net lease model, high credit rating, and global e...
Why The Market May Get Turned Upside Down In 2025
AI stocks have dominated the market in 2024, dragging the S&P 500 higher with them. I think the market may get turned upside down in 2025. I share why and also share some of my top picks for the new y...
All I Want For Christmas Are A Few Great REITs
I'm excited to present my top 5 undervalued REITs for Christmas. VICI Properties, Realty Income, Alexandria Real Estate, American Tower, and Rexford Industrial are highlighted for their strong growth ...
American Tower Corporation (AMT) UBS Global Media & Communications Conference (Transcript)
American Tower Corporation (NYSE:AMT) UBS Global Media & Communications Conference December 10, 2024 12:45 PM ET Company Participants Rod Smith - EVP and CFO Conference Call Participants Batya Levi -...
Santa Claus Is Coming To REIT Town
VICI Properties is a top gaming and experiential REIT with strong growth, disciplined management, and a favorable valuation, making it an "easy" Buy with 20% return expectations. Crown Castle, a major...
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 to Present at the UBS Global Media and Communications Conference
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced that Rod Smith, its Executive Vice President, Chief Financial Officer and Treasurer, is scheduled to present at the UBS ...
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior h...
The U.S. Election's Impact On REITs
Donald Trump's proposed policies could impact inflation and interest rates. They could also impact individual property sectors. We explain the impact on residential, industrial, cell tower, healthcare...
7 Stocks I'm Buying In Defiance Of Post-Election Euphoria
Some stock sectors exhibit dangerous euphoria, reminiscent of Icarus flying too close to the sun, risking a significant correction. Post-election optimism has inflated valuations in midstream energy, ...
3 REITs With High Dividend Growth Prospects In 2025
Not all REITs are created equal. Some are growing far faster than others. We highlight 3 REITs with rapid growth prospects in 2025.
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...