American Tower Corporation (AMT)

NYSE: AMT · IEX Real-Time Price · USD
201.76
+2.90 (1.46%)
At close: Mar 1, 2024, 4:00 PM
200.43
-1.33 (-0.66%)
After-hours: Mar 1, 2024, 7:59 PM EST
1.46%
Market Cap 94.09B
Revenue (ttm) 11.14B
Net Income (ttm) 1.48B
Shares Out 466.35M
EPS (ttm) 3.18
PE Ratio 63.45
Forward PE 40.91
Dividend $6.80 (3.37%)
Ex-Dividend Date Dec 27, 2023
Volume 2,972,027
Open 198.90
Previous Close 198.86
Day's Range 196.15 - 202.05
52-Week Range 154.58 - 219.10
Beta 0.68
Analysts Strong Buy
Price Target 217.75 (+7.93%)
Earnings Date Apr 24, 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 nearly 225,000 communications sites and a highly interconnected footprint of U.S. data center facilities. [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 12 analysts, the average rating for AMT stock is "Strong Buy." The 12-month stock price forecast is $217.75, which is an increase of 7.93% from the latest price.

Price Target
$217.75
(7.93% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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 days 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...

5 days 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
11 days 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 weeks 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 weeks 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...

6 weeks 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...

6 weeks 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 weeks ago - Business Wire

AI will trigger 'hyper-scale demand' of data centers, says Morgan Stanley's Laurel Durkay

Laurel Durkay, head of global listed real assets at Morgan Stanley, joins 'The Exchange' to discuss the potential demand for data centers driven by AI, companies positioned to face the demand, and mor...

Other symbols: DLRIRM
7 weeks ago - CNBC Television

American Tower Completes Strategic Review, Announces Agreement to Sell Operations in India to Brookfield

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) (“American Tower”) has signed a definitive agreement with Data Infrastructure Trust (“DIT”), an Infrastructure Investment Trust sponsore...

Other symbols: BAM
2 months ago - Business Wire

American Tower Corporation Declares Quarterly Distribution

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced that its board of directors has declared its quarterly cash distribution of $1.70 per share on shares of the Company's c...

2 months ago - Business Wire

CoreSite Announces Major Expansions in New York and Denver Data Center Campuses to Meet Growing Capacity, Power Demands

DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced the expansion of its New York and...

2 months ago - Business Wire

CoreSite Enables 50G Multicloud Networking on the Open Cloud Exchange® with Enhanced Virtual Connections to Oracle Cloud Infrastructure FastConnect

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...

3 months ago - Business Wire

Kari Firestone's top stock picks: NEE, AMT, ADBE, AXP

Kari Firestone, Aureus Asset Management chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, her top stock picks, where investors can find opportunities, and more.

Other symbols: ADBEAXPNEE
3 months ago - CNBC Television

American Tower to Present at the UBS Global Media and Communications Conference

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced that Steve Vondran, its Executive Vice President, Global Chief Operating Officer, is scheduled to present at the UBS Glo...

3 months ago - Business Wire

Final Trades: Expedia, American Tower, NXP Semi & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: EXPENXPI
3 months ago - CNBC Television

American Tower Corporation's Africa Operations to Boost MTN Nigeria's Connectivity Through Sustainable Agreement

JOHANNESBURG--(BUSINESS WIRE)--American Tower Corporation's Africa operations (ATC Africa, or the Company), and MTN Nigeria, today announced that they have entered into a new agreement that is expecte...

4 months ago - Business Wire

Backblaze Serves Demand for Storing Data in More Places with CoreSite's Colocation and Connectivity Solutions

DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced that the leading specialized clou...

Other symbols: BLZE
4 months ago - Business Wire

AMT Vs CCI: Which REIT Stock Is A Better Buy?

American Tower and Crown Castle are two of the largest REITs in the U.S. Here's a look at both to help you decide if either potentially fit in your portfolio.

Other symbols: CCI
4 months ago - Forbes

Astound Business Solutions and CoreSite Set Alliance to Deliver High-Capacity, Secure Connectivity Leveraging CoreSite's Hybrid IT Infrastructure

DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced an alliance with Astound Business...

4 months ago - Business Wire

American Tower Names Steven O. Vondran to Succeed Thomas A.

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced today that Tom Bartlett will retire from his positions as President, Chief Executive Officer and director of the Board of Dire...

4 months ago - Business Wire

American Tower Corporation Reports Third Quarter 2023 Financial Results

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended September 30, 2023. Tom Bartlett, American Tower's Chief Executive Officer, state...

4 months ago - Business Wire

Seceon Consolidates Security Stacks and Reduces Risk with AI/ML-Powered Cybersecurity Platform Leveraging CoreSite's Colocation Solutions

DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced Seceon, the pioneer of the first ...

4 months ago - Business Wire

CoreSite Launches Enhanced Open Cloud Exchange® Bandwidth Connections Up to 50G with Google Cloud

DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), announced the launch of new Open Cloud Exchange® ...

5 months ago - Business Wire

American Tower Plans Third Quarter 2023 Earnings Release and Conference Call

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced today that the press announcement of its third quarter 2023 results is scheduled to be released to the news services at 7:00 a...

5 months ago - Business Wire