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S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Prologis Stock Leading U.S. Logistics Boom
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Prologis Stock Leading U.S. Logistics Boom
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Prologis Stock Leading U.S. Logistics Boom
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip

American Tower (AMT) Stock Price, News & Analysis

$172.02
-0.19 (-0.11%)
(As of 04/17/2024 ET)
Today's Range
$171.09
$173.36
50-Day Range
$172.19
$207.30
52-Week Range
$154.58
$219.10
Volume
2.73 million shs
Average Volume
2.42 million shs
Market Capitalization
$80.22 billion
P/E Ratio
54.09
Dividend Yield
3.77%
Price Target
$217.36

American Tower MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
26.4% Upside
$217.36 Price Target
Short Interest
Healthy
1.09% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.40
Upright™ Environmental Score
News Sentiment
0.93mentions of American Tower in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$3.33 M Sold Last Quarter
Proj. Earnings Growth
4.68%
From $10.05 to $10.52 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.92 out of 5 stars

Finance Sector

35th out of 834 stocks

Real Estate Investment Trusts Industry

5th out of 178 stocks

AMT stock logo

About American Tower Stock (NYSE: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.

AMT Stock Price History

AMT Stock News Headlines

Morgan Stanley Sticks to Its Hold Rating for American Tower (AMT)
Could Bitcoin Literally FORCE This Crypto To Rocket Up?
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
American Tower Sees Unusually High Options Volume (NYSE:AMT)
Real-Estate Stocks Slump After Inflation Print
Could Bitcoin Literally FORCE This Crypto To Rocket Up?
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Mizuho Initiates Coverage on American Tower (NYSE:AMT)
XLRE: Quality Beats Quantity Once Again
Assessing American Tower: Insights From 5 Financial Analysts
American Tower: Don't Be Fooled By The Dividend Cut
AMT Apr 2024 195.000 put
Insidious Inflation
See More Headlines
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Company Calendar

Ex-Dividend for 2/1 Dividend
12/27/2023
Dividend Payable
2/01/2024
Last Earnings
2/27/2024
Ex-Dividend for 4/26 Dividend
4/11/2024
Today
4/17/2024
Dividend Payable
4/26/2024
Next Earnings (Confirmed)
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
CUSIP
03027X10
Employees
5,643
Year Founded
1995

Price Target and Rating

Average Stock Price Target
$217.36
High Stock Price Target
$245.00
Low Stock Price Target
$196.00
Potential Upside/Downside
+26.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

Net Income
$1.48 billion
Pretax Margin
13.65%

Debt

Sales & Book Value

Annual Sales
$11.14 billion
Cash Flow
$9.58 per share
Book Value
$23.30 per share

Miscellaneous

Free Float
465,233,000
Market Cap
$80.31 billion
Optionable
Optionable
Beta
0.67

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Key Executives

Should I Buy American Tower Stock? AMT Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in American Tower Co.:

  • American Tower Co. has a market capitalization of $90.77 billion, indicating its significant size and stability in the market.
  • The company's 50-day moving average of $197.81 and 200-day moving average of $191.57 show a positive trend in stock performance.
  • Recent insider activity, such as CFO Rodney M. Smith selling shares at an average price of $205.71, may indicate confidence in the company's future prospects.
  • American Tower's diverse institutional investor base, including large firms like Cohen & Steers Inc. and Victory Capital Management Inc., reflects strong investor confidence in the company.
  • The real estate investment trust's consistent earnings growth, despite missing recent analyst estimates, suggests long-term profitability potential.

Cons

Investors should be bearish about investing in American Tower Co. for these reasons:

  • The company's debt-to-equity ratio of 3.29 may raise concerns about its financial leverage and ability to manage debt effectively.
  • American Tower Co.'s price-to-earnings ratio of 61.20 and price-to-earnings-growth ratio of 1.38 suggest the stock may be overvalued compared to industry peers.
  • Recent institutional selling, such as Deutsche Bank AG trimming its position by 12.4% in the third quarter, could signal a lack of confidence among some major investors.
  • The stock's beta of 0.68 indicates lower volatility compared to the market average, potentially limiting short-term trading opportunities for investors seeking higher returns.
  • American Tower's fifty-two week high of $219.10 may present a near-term resistance level for the stock, impacting potential price appreciation.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these American Tower pros and cons to contact@marketbeat.com.

AMT Stock Analysis - Frequently Asked Questions

Should I buy or sell American Tower stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for American Tower in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AMT shares.
View AMT analyst ratings
or view top-rated stocks.

What is American Tower's stock price target for 2024?

11 brokerages have issued 1-year target prices for American Tower's shares. Their AMT share price targets range from $196.00 to $245.00. On average, they expect the company's stock price to reach $217.36 in the next twelve months. This suggests a possible upside of 26.4% from the stock's current price.
View analysts price targets for AMT
or view top-rated stocks among Wall Street analysts.

How have AMT shares performed in 2024?

American Tower's stock was trading at $215.88 at the beginning of the year. Since then, AMT stock has decreased by 20.3% and is now trading at $172.02.
View the best growth stocks for 2024 here
.

When is American Tower's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our AMT earnings forecast
.

How can I listen to American Tower's earnings call?

American Tower will be holding an earnings conference call on Tuesday, April 30th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-970-0847 with passcode "8650809".

How were American Tower's earnings last quarter?

American Tower Co. (NYSE:AMT) issued its quarterly earnings results on Tuesday, February, 27th. The real estate investment trust reported $0.94 EPS for the quarter, missing the consensus estimate of $2.10 by $1.16. The real estate investment trust had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.74 billion. American Tower had a net margin of 13.31% and a trailing twelve-month return on equity of 12.80%. American Tower's revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $2.34 EPS.
Read the conference call transcript
.

How often does American Tower pay dividends? What is the dividend yield for American Tower?

American Tower announced a quarterly dividend on Thursday, March 14th. Shareholders of record on Friday, April 12th will be given a dividend of $1.62 per share on Friday, April 26th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, April 11th.
Read our dividend analysis for AMT
.

Is American Tower a good dividend stock?

American Tower (NYSE:AMT) pays an annual dividend of $6.48 per share and currently has a dividend yield of 3.62%. The dividend payout ratio is 203.77%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AMT will have a dividend payout ratio of 61.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMT.

What guidance has American Tower issued on next quarter's earnings?

American Tower issued an update on its FY24 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (EPS) guidance of $10.21-10.45 for the period, compared to the consensus estimate of $10.38.

What is Jim Taiclet Jr.'s approval rating as American Tower's CEO?

258 employees have rated American Tower Chief Executive Officer Jim Taiclet Jr. on Glassdoor.com. Jim Taiclet Jr. has an approval rating of 83% among the company's employees.

What other stocks do shareholders of American Tower own?

Based on aggregate information from My MarketBeat watchlists, some companies that other American Tower investors own include NVIDIA (NVDA), Walt Disney (DIS), Alibaba Group (BABA), Mastercard (MA), PayPal (PYPL), Cisco Systems (CSCO), QUALCOMM (QCOM), Visa (V), Intel (INTC) and Salesforce (CRM).

Who are American Tower's major shareholders?

American Tower's stock is owned by many different retail and institutional investors. Top institutional investors include Sarasin & Partners LLP (0.24%), Douglas Lane & Associates LLC (0.08%), Los Angeles Capital Management LLC (0.05%), Wealth Enhancement Advisory Services LLC (0.05%), Factory Mutual Insurance Co. (0.04%) and Vert Asset Management LLC (0.02%). Insiders that own company stock include Amit Sharma, Bruce L Tanner, David E Sharbutt, Edmund Disanto, Joann A Reed, Pamela D A Reeve, Raymond P Dolan, Robert D Hormats, Rodney M Smith, Samme L Thompson, Sanjay Goel and Steven O Vondran.
View institutional ownership trends
.

How do I buy shares of American Tower?

Shares of AMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does American Tower have any subsidiaries?
The following companies are subsidiares of American Tower: 10 Presidential Way Associates LLC, 3267351 Nova Scotia Company, 3286208 Nova Scotia Company, 3298099 Nova Scotia Company, 52 Eighty Partners LLC, 52 Eighty Tower Partners I LLC, ACC Tower Sub LLC, AT Atlantic Holding LLC (1), AT Iberia C.V. (2), AT Kenya C.V., AT Netherlands C.V., AT Netherlands Coöperatief U.A., AT Rhine C.V. (2), AT Sher Netherlands Coöperatief U.A., AT South America C.V., ATC Africa Holding B.V., ATC Africa Shared Services (Pty) Ltd, ATC Antennas Holding LLC, ATC Antennas LLC, ATC Argentina Coöperatief U.A., ATC Argentina Holding LLC, ATC Asia Pacific Pte. Ltd., ATC Atlantic C.V. (2), ATC Atlantic I B.V. (2), ATC Atlantic II B.V. (3), ATC Atlantic IV B.V. (2), ATC Backhaul LLC, ATC Brasil – Serviços de Conectividades Ltda., ATC Brazil Holding LLC, ATC Brazil I LLC, ATC Brazil II LLC, ATC Burkina Faso S.A., ATC CSR Foundation India, ATC Chile Holding LLC, ATC Colombia B.V., ATC Colombia Holding I LLC, ATC Colombia Holding LLC, ATC Colombia I LLC, ATC EH GmbH & Co. KG (2), ATC Ecuador Holding LLC, ATC Edge LLC, ATC Ethiopia Infrastructure Development Private Limited Company, ATC Europe B.V. (2), ATC Europe C.V. (1), ATC Europe Coöperatief U.A. (2), ATC Europe LLC, ATC European Holdings Inc., ATC Fibra de Colombia S.A.S., ATC France Holding II SAS, ATC France Holding SAS, ATC France Réseaux SAS, ATC France SNC, ATC France Services SAS, ATC GP GmbH, ATC Germany Holding I B.V. (3), ATC Germany Holding II B.V., ATC Germany Holdings GmbH, ATC Germany Munich GmbH, ATC Germany Services GmbH, ATC Ghana ServiceCo Limited, ATC Global Employment B.V., ATC Green Grass LLC, ATC Heston B.V., ATC Holding Fibra Mexico S. de R.L. DE C.V., ATC IP LLC, ATC Iberia Holding LLC (3), ATC India Infrastructure Private Limited (1), ATC Indoor DAS Holding LLC, ATC Indoor DAS LLC, ATC International Coöperatief U.A., ATC International Financing B.V., ATC International Financing II B.V., ATC International Financing II Holding LLC, ATC International Holding Corp., ATC Iris I LLC, ATC Kenya Operations Limited, ATC Kenya Services Limited, ATC Latin America S.A. de C.V. SOFOM E.N.R., ATC MIP III REIT Iron Holdings LLC, ATC Managed Sites Holding LLC, ATC Managed Sites LLC, ATC MexHold LLC, ATC Mexico Holding LLC, ATC Niger Wireless Infrastructure S.A., ATC Nigeria Coöperatief U.A., ATC Nigeria Holding LLC, ATC Nigeria Wireless Infrastructure Limited, ATC On Air + LLC, ATC Operations LLC, ATC Outdoor DAS LLC, ATC Paraguay Holding LLC, ATC Paraguay S.R.L., ATC Peru Holding LLC, ATC Polska sp. z o.o., ATC Ponderosa B-I LLC, ATC Ponderosa B-II LLC, ATC Ponderosa K LLC, ATC Ponderosa K-R LLC, ATC Rhine Holding LLC (3), ATC Scala Operations S.L. (3), ATC Scala Spain Holding S.L. (2), ATC Sequoia LLC, ATC Sitios Infraco S.A.S., ATC Sitios de Argentina S.A., ATC Sitios de Chile S.A., ATC Sitios de Colombia S.A.S., ATC Sitios del Peru S.R.L., ATC South Africa Investment Holdings (Proprietary) Limited, ATC South Africa Services Pty Ltd, ATC South Africa Wireless Infrastructure (Pty) Ltd, ATC South America Holding LLC, ATC South LLC, ATC TRS I LLC, ATC TRS II LLC, ATC TRS III LLC, ATC TRS IV LLC, ATC Tanzania Holding LLC, ATC Telecom Infrastructure Private Limited, ATC Tower (Ghana) LTD, ATC Tower Services LLC, ATC Uganda Limited, ATC Uganda ServiceCo (SMC) Limited, ATC Watertown LLC, ATC WiFi LLC, ATS-Needham LLC, ActiveX Telebroadband Services Private Limited, Adquisiciones y Proyectos Inalámbricos S. de R. L. de C.V., Agile Airband Ohio LLC, Agile Connect LLC, Agile IWG Holdings LLC, Agile Network Builders LLC, Agile Networks Indiana LLC, Agile Networks Site Development LLC, Agile Towers LLC, Alternative Networking LLC, American Tower Asset Sub II LLC, American Tower Asset Sub LLC, American Tower Charitable Foundation Inc., American Tower Chile I S.A., American Tower Chile II S.A., American Tower Delaware Corporation, American Tower Depositor Sub LLC, American Tower España S.L.U. (3), American Tower Guarantor Sub LLC, American Tower Holding Sub II LLC, American Tower Holding Sub LLC, American Tower IB Participações Imobiliárias Ltda., American Tower Inmosites S.L.U., American Tower International Holding I LLC, American Tower International Holding II LLC, American Tower International Inc., American Tower Investments LLC, American Tower LLC, American Tower Latam SLU, American Tower Management LLC, American Tower Perú S.A.C., American Tower Servicios Fibra S. de R.L. de C.V., American Tower T. Torres do Brasil Ltda., American Tower Tanzania Operations Limited, American Tower do Brasil - Cessão de Infraestruturas Ltda., American Tower do Brasil – Communicação Multimídia Ltda., American Towers LLC, Appleseed Holdco LLC, BR Towers, Blue Sky Towers Pty Ltd, Blue Transfer Sociedad Anonima, Broadcast Towers LLC, CNC2 Associates LLC, California Tower Inc., Cell Site NewCo II LLC, Cell Tower Lease Acquisition LLC, Central States Tower Holdings LLC, Colo ATL LLC, Colo Atl, Communications Properties Inc., Comunicaciones y Consumos S.A., Connectivity Infrastructure Services Limited, CoreSite Real Estate 12100 Sunrise Valley Drive L.L.C., CoreSite Real Estate 1656 McCarthy L.P., CoreSite Realty Corporation REIT Qualification Trust, Coresite, DCS Tower Sub LLC, Digital Access Ohio LLC (1), Eaton, Eaton Towers Ghana (M) Limited, Eaton Towers Ghana Limited, Eaton Towers Holdings Limited, Eaton Towers Kenya Limited, Eaton Towers Limited, Eaton Towers Uganda Limited, Essar Telecom Infrastructure, GTP Acquisition Partners I LLC, GTP Acquisition Partners II LLC, GTP Acquisition Partners III LLC, GTP Costa Rica Finance LLC, GTP Infrastructure I LLC, GTP Infrastructure II LLC, GTP Infrastructure III LLC, GTP Investments LLC, GTP LATAM Holdings B.V., GTP LatAm Holdings Coöperatieve U.A., GTP Operations CR S.R.L., GTP South Acquisitions II LLC, GTP Structures I LLC, GTP Structures II LLC, GTP TRS I LLC, GTP Torres CR S.R.L., GTP Towers I LLC, GTP Towers II LLC, GTP Towers III LLC, GTP Towers IV LLC, GTP Towers IX LLC, GTP Towers V LLC, GTP Towers VII LLC, GTP Towers VIII LLC, GTPI HoldCo LLC, Ghana Tower InterCo B.V., Global Tower Assets III LLC, Global Tower Assets LLC, Global Tower Holdings LLC, Global Tower LLC, Global Tower Partners, Global Tower Services LLC, Gondola Tower Holdings LLC, Grain HoldCo LLC, Grain HoldCo Parent LLC, GrainComm I LLC, GrainComm II LLC, GrainComm III LLC, GrainComm LLC, GrainComm Marketing LLC, GrainComm V LLC, Haysville Towers LLC (1), IW Equipment LLC, IWD Equipment LLC, IWG Holdings LLC, IWG II Holdings LLC, IWG II LLC, IWG Towers Assets I LLC, IWG Towers Assets II LLC, IWG-TLA Australia Pty Ltd., IWG-TLA Canada Corp., IWG-TLA Encanto 1 LLC, IWG-TLA Encanto 3 LLC, IWG-TLA Holdings LLC, IWG-TLA Media 2 LLC, IWG-TLA Media LLC, IWG-TLA Telecom LLC, InSite (BCEC) LLC, InSite (MBTA) LLC, InSite Borrower LLC, InSite Co-Issuer Corp., InSite Guarantor LLC, InSite Hawaii LLC, InSite Issuer LLC, InSite Licensing LLC, InSite Tower Services LLC, InSite Towers Development 2 LLC, InSite Towers Development LLC, InSite Towers International 2 LLC, InSite Towers International Development LLC, InSite Towers International LLC, InSite Towers LLC, InSite Towers of Puerto Rico LLC, InSite Wireless Development LLC, InSite Wireless Group, InSite Wireless Group LLC, Invisible IWG Holdings LLC, Invisible Towers LLC, JT Communications LLC, Kirtonkhola Tower Bangladesh Limited (1), LAP Inmobiliaria Limitada, LAP Inmobiliaria S.R.L., LL B Sheet 1 LLC, Lap do Brasil Empreendimentos Imobiliários Ltda, Lease Advisors-AU PTY LTD, Loxel SAS, MATC Digital S. de R.L. de C.V., MATC Infraestructura S. de R.L. de C.V., MATC Servicios S. de R.L. de C.V., MC New Macland Properties LLC, MCSU Properties LLC, MHB Tower Rentals of America LLC, MIP III U.S. Iron LLC, Microwave Inc., Mountain Communications LLC, Municipal Bay LLC, Municipal-Bay Holdings LLC, New Towers LLC, PCS Structures Towers LLC, R-CAL I LLC, RSA Media Inc., Repeater Communications Group I LLC, Repeater Communications Group II LLC, Repeater Communications Group III LLC, Repeater Communications Group IV LLC, Repeater Communications Group LLC, Repeater Communications Group V LLC, Repeater Communications Group VI LLC, Repeater Communications Group of New York LLC, Repeater IWG Holdings LLC, Richland Towers LLC, Signum/IWG Tower Corp., Southeast Network Access Point LLC, SpectraSite Communications, SpectraSite Communications LLC, SpectraSite LLC, T8 Ulysses Site Management LLC, TLA PR-2 LLC, Telecom Lease Advisors Management 2 LLC, Tower Management Inc. (4), Towers of America L.L.L.P., Transcend Infrastructure Holdings Pte. Ltd., Transcend Towers Infrastructure (Philippines) Inc., Turris Sites Development Corp., Turris Sites IWG Corp, Tysons II DAS LLC, U.S. Colo. LLC, UNIsite, Uganda Tower Interco B.V., Ulysses Asset Sub I LLC, Ulysses Asset Sub II LLC, UniSite LLC, UniSite/Omnipoint FL Tower Venture LLC (1), UniSite/Omnipoint NE Tower Venture LLC (1), UniSite/Omnipoint PA Tower Venture LLC (1), and Viom Networks.
Read More
This page (NYSE:AMT) was last updated on 4/17/2024 by MarketBeat.com Staff

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