American Tower Corporation (AMT)
| Market Cap | 80.17B |
| Revenue (ttm) | 11.14B |
| Net Income (ttm) | 1.48B |
| Shares Out | 466.96M |
| EPS (ttm) | 3.18 |
| PE Ratio | 53.99 |
| Forward PE | 23.29 |
| Dividend | $6.48 (3.77%) |
| Ex-Dividend Date | Apr 11, 2024 |
| Volume | 1,585,690 |
| Open | 172.72 |
| Previous Close | 172.90 |
| Day's Range | 171.33 - 174.94 |
| 52-Week Range | 154.58 - 219.10 |
| Beta | 0.67 |
| Analysts | Buy |
| Price Target | 215.70 (+25.63%) |
| Earnings Date | Apr 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]
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 10 analysts, the average rating for AMT stock is "Buy." The 12-month stock price forecast is $215.7, which is an increase of 25.63% from the latest price.
News
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...
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.
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...
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...
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...
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...
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 2029 and 2034 in aggregate principal amounts...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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.
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...
Final Trades: Expedia, American Tower, NXP Semi & more
The "Halftime Report" traders give their top picks to watch for the second half.
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...