American Tower Corporation (AMT)

NYSE: AMT · IEX Real-Time Price · USD
213.72
+3.80 (1.81%)
At close: Jul 26, 2024, 4:00 PM
214.00
+0.28 (0.13%)
After-hours: Jul 26, 2024, 6:56 PM EDT
1.81%
Market Cap 99.80B
Revenue (ttm) 11.21B
Net Income (ttm) 2.06B
Shares Out 466.98M
EPS (ttm) 4.43
PE Ratio 48.24
Forward PE 32.87
Dividend $6.48 (3.03%)
Ex-Dividend Date Jun 14, 2024
Volume 1,117,421
Open 210.81
Previous Close 209.92
Day's Range 210.06 - 214.12
52-Week Range 154.58 - 219.10
Beta 0.81
Analysts Buy
Price Target 221.77 (+3.77%)
Earnings Date Jul 30, 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]

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 $221.77, which is an increase of 3.77% from the latest price.

Price Target
$221.77
(3.77% upside)
Analyst Consensus: Buy
Stock Forecasts

News

American Tower Corporation Releases 2023 Sustainability Executive Report

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced the release of its 2023 sustainability executive report and accompanying indices and supplements, which outline the Comp...

8 days ago - Business Wire

Why American Tower Is a Strong Buy After 3-Year Decline

American Tower Corp. (AMT, Financial) is known as a good stock for long-term holding. Legendary value investor Chuck Akre (Trades, Portfolio)'s firm has owned this stock for more than 15 years in his ...

8 days ago - GuruFocus

CoreSite Releases 2024 State of the Data Center Report Highlighting Acceleration of Hybrid IT Model Adoption to Support Today's IT Workloads

DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced the publication of its 2024 State...

10 days ago - Business Wire

The Nvidia-led AI gold rush is paydirt for these 5 data-center growth stocks

Providers of AI infrastructure ‘picks and shovels' stand to benefit from growing demand

Other symbols: DLREQIXHPENTTYY
11 days ago - Market Watch

12 Stocks to Buy Before the Fed Cuts Rates

The next move is almost certainly lower, which should benefit dividend payers, home builders, and auto makers.

Other symbols: CMCSAFGMHDKBHKHCLNT
23 days ago - Barrons

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 ...

4 weeks 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
4 weeks 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
2 months 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...

2 months 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...

2 months 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...

2 months 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
2 months 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...

2 months 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.

3 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,...

3 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...

3 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
3 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...

4 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...

4 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...

5 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...

5 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...

5 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
5 months ago - PRNewsWire