American Tower Corporation (AMT)

NYSE: AMT · IEX Real-Time Price · USD
213.84
+1.59 (0.75%)
Dec 9, 2022 4:00 PM EST - Market closed
0.75%
Market Cap 98.29B
Revenue (ttm) 10.45B
Net Income (ttm) 2.90B
Shares Out 465.59M
EPS (ttm) 6.29
PE Ratio 34.00
Forward PE 45.25
Dividend $5.69 (2.66%)
Ex-Dividend Date Dec 27, 2022
Volume 1,541,259
Open 211.97
Previous Close 212.25
Day's Range 211.27 - 216.39
52-Week Range 178.17 - 294.4
Beta 0.54
Analysts Buy
Price Target 252.72 (+18.2%)
Earnings Date Oct 27, 2022

About AMT

American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the "Earnings Materials" and "Investor Presentations" sections of our investor relations website at www.americantower.com. [Read more]

Industry Equity Real Estate Investment Trusts (REITs)
IPO Date Jun 5, 1998
CEO Thomas Bartlett
Employees 6,378
Stock Exchange NYSE
Ticker Symbol AMT
Full Company Profile

Financial Performance

In 2021, American Tower's revenue was $9.36 billion, an increase of 16.36% compared to the previous year's $8.04 billion. Earnings were $2.57 billion, an increase of 51.88%.

Financial Statements

Analyst Forecast

According to 25 analysts, the average rating for AMT stock is "Buy." The 12-month stock price forecast is 252.72, which is an increase of 18.18% from the latest price.

Price Target
$252.72
(18.18% upside)
Analyst Consensus: Buy
Stock Forecasts

News

American Tower (AMT) Rewards Investors With 6.1% Dividend Hike

American Tower's (AMT) recent dividend hike portrays the company's operational strength and commitment to rewarding its shareholders handsomely.

5 hours ago - Zacks Investment Research

American Tower Boosts Its Dividend -- Is the Stock a Buy?

The stock has been beaten down this year, creating an opportunity for dividend investors.

10 hours ago - The Motley Fool

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 $1.56 per share on shares of the Company's c...

1 day ago - Business Wire

Media Advisory: CoreSite to Present How Businesses Can Optimize Their Digital Supply Chains at Gartner IOCS 2022 Conf...

DENVER--( BUSINESS WIRE )--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), will present “How to Optimize Your Digital Supply...

3 days ago - Business Wire

Cell Tower REITs Are Finally on Sale

When the latest bull market began cooling off amid a declining economy, soaring inflation and rising interest rates, many value investors started looking for bargains.

Other symbols: CCISBAC
1 week ago - GuruFocus

Better Buy: American Tower or Crown Castle?

Either mobile tower giant will do, but one gets my nod for now.

Other symbols: CCI
2 weeks ago - The Motley Fool

Is Your Portfolio Way Down? Get Paid to De-Risk Your Portfolio With These 2 Dividend Growth Stocks

2022 has been a brutal year for investors. These two dividend stocks can boost your returns and lower your risk.

Other symbols: BIPBIPC
2 weeks ago - The Motley Fool

3 Unstoppable Dividend Stocks With 10%+ Upside, According to Wall Street

These dividend stocks offer compelling total return potential.

Other symbols: CCISBAC
3 weeks ago - The Motley Fool

CoreSite to Launch New Open Cloud Exchange® Automation and Direct-to-Cloud Capabilities with Google Cloud

DENVER--( BUSINESS WIRE )--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced new product capabilities will be ...

3 weeks ago - Business Wire

Final Trades: American Tower, Cisco, ON Semi & more

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

Other symbols: CSCOON
3 weeks ago - CNBC Television

Media Advisory: CoreSite Celebrates Its Expanded Chicago Data Center Footprint, Enabling Digital Transformation in a ...

CHICAGO--( BUSINESS WIRE )--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), will celebrate its downtown Chicago data center,...

3 weeks ago - Business Wire

10 High-Paying REITs to Generate a Stable Passive Income

Here are 10 High-Quality REITs that have solid businesses with strong cash flows to pay reliable dividends.

4 weeks ago - The Motley Fool

2 Dividend Stocks With Huge 5G Tailwinds

The fifth generation mobile internet network, also known as 5G, is set to change our world and how we interact with digital devices. It is forecasted to offer 50 times more speed, 10 times lower latency...

Other symbols: VZ
4 weeks ago - GuruFocus

Here's A “Post-Midterm Dividend” With 57%+ Upside

We've finally got something (two things, in fact!) working for us dividend investors in this dumpster-fire market

1 month ago - Forbes

American Tower and PowerX Announce Strategic Partnership to Drive Sustainability in the African Telecommunications In...

JOHANNESBURG--(BUSINESS WIRE)--American Tower Corporation's African subsidiary (ATC Africa) and PowerX today announced a strategic partnership that will bring the significant efficiency and environmenta...

1 month ago - Business Wire

Down 32%, This Towering Growth Stock Is Starting to Look Like a Bargain

The company sees a decade of growth ahead.

1 month ago - The Motley Fool

3 Low-Volatility Dividend Stocks for Growing Passive Income

Dividends alone can't save a stock portfolio, but they can soothe some short-term pain.

Other symbols: TXNV
1 month ago - The Motley Fool

Stonepeak Upsizes Invesment in American Tower's Data Center Business

DENVER & NEW YORK--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”) and Stonepeak, a leading alternative inve...

1 month ago - Business Wire

American Tower (AMT) Q3 AFFO Declines, Revenues Rise Y/Y

American Tower's (AMT) Q3 results reflect decent organic tenant billings growth and a solid improvement in revenues.

1 month ago - Zacks Investment Research

American Tower (AMT) Q3 FFO Miss Estimates

American Tower (AMT) delivered FFO and revenue surprises of -2.48% and 0.20%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

American Tower Corporation Reports Third Quarter 2022 Financial Results

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended September 30, 2022.

1 month ago - Business Wire

7 Telecom Stocks to Sell Pronto Before a Painful Downturn

Telecom stocks have taken a hit over the past few years. Most companies in the space have been struggling under the weight of their massive debt loads as they upgrade their infrastructure to support 5G.

Other symbols: ASTSBCECHTRSHENTDSZM
1 month ago - InvestorPlace

Why American Tower (AMT) is a Top Dividend Stock for Your Portfolio

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does American Tower (AMT) have what it takes?

1 month ago - Zacks Investment Research

It's time to consider investing in REITs again: Brian Jones

U.S. Fed has signalled multiple times in recent weeks that it's not done raising rates just yet. Still, Brian Jones of Neuberger Berman says it's time to consider investing in REITs again.

1 month ago - Invezz

Neuberger Berman's Brian Jones offers opportunity plays in REITs

Brian Jones, Neuberger Berman portfolio manager, joins 'The Exchange' to discuss opportunity finds in REITs.

Other symbols: CCIPLDPSAWELL
1 month ago - CNBC Television