American Tower
About: American Tower owns and operates more than 220,000 cell towers throughout the us, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 us markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the us, which accounted for almost half of the company's total revenue in 2023. Outside the us, American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as a REIT.
Employees: 5,643
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
60% more first-time investments, than exits
New positions opened: 201 | Existing positions closed: 126
19% more funds holding in top 10
Funds holding in top 10: 32 [Q2] → 38 (+6) [Q3]
14% more capital invested
Capital invested by funds: $85.5B [Q2] → $97.8B (+$12.3B) [Q3]
14% more call options, than puts
Call options by funds: $714M | Put options by funds: $627M
4% more funds holding
Funds holding: 1,737 [Q2] → 1,812 (+75) [Q3]
7% less repeat investments, than reductions
Existing positions increased: 662 | Existing positions reduced: 709
3.56% less ownership
Funds ownership: 94.19% [Q2] → 90.63% (-3.56%) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$230
25%
upside
Avg. target
$241
31%
upside
High target
$251
37%
upside
6 analyst ratings
5 positive
83%
1 neutral
17%
0 negative
0%
Goldman Sachs James Schneider 58% 1-year accuracy 21 / 36 met price target | 27%upside $234 | Buy Maintained | 12 Dec 2024 |
Barclays Tim Long 54% 1-year accuracy 29 / 54 met price target | 37%upside $251 | Overweight Maintained | 18 Nov 2024 |
Scotiabank Maher Yaghi 62% 1-year accuracy 8 / 13 met price target | 28%upside $236 | Sector Outperform Maintained | 30 Oct 2024 |
BMO Capital Ari Klein 38% 1-year accuracy 5 / 13 met price target | 33%upside $245 | Outperform Maintained | 30 Oct 2024 |
Wells Fargo Eric Luebchow 62% 1-year accuracy 26 / 42 met price target | 25%upside $230 | Equal-Weight Downgraded | 10 Oct 2024 |
Financial journalist opinion
Based on 21 articles about AMT published over the past 30 days
Positive
Seeking Alpha
2 hours ago
10 Stocks I'm Buying As REITs Have Never Looked So Good
The recent market selloff, driven by the Fed's revised rate-cut forecast, has made high-quality REITs attractively priced for long-term dividend growth investors. Despite poor stock price performance, REITs have strong fundamentals, with favorable earnings yield spreads and dividend yields compared to the broader market. REITs are undervalued due to being treated as bond proxies, but their strong commercial real estate fundamentals and historical outperformance post-Fed rate cuts suggest a buying opportunity.
Negative
Seeking Alpha
20 hours ago
American Tower: How To Make 10% Returns Here While Lowering Your Risk
We had a bearish take on American Tower on account of its towering valuation and poor growth prospects. The stock has lost 24% since our first Sell rating and reached our price target. We go over the big headwinds ahead and tell you how we would buy it.
Positive
Seeking Alpha
23 hours ago
American Tower: Attractive Yield Following Share Price Slump
American Tower Corporation offers a solid long-term outlook with a 3.6% dividend yield and trades at an undemanding valuation after recent share price declines. The company can grow through additional tenants, new infrastructure, and M&A, despite recent currency headwinds impacting EBITDA. Divesting its India business will free up cash for debt reduction, with a projected 7% pro forma FFO per share growth this year.
Positive
Seeking Alpha
2 days ago
American Tower: Buy The Drop While The Market Is Fearful
American Tower's recent price decline presents a compelling opportunity for income-focused investors, offering a 3.5% dividend yield and potential for market-beating total returns. AMT's robust global portfolio, including 224K communication sites and data centers, provides steady tenant billings growth and expanding opportunities in Europe. Strong financials, a solid balance sheet, and a prudent capital deployment strategy in developed markets underscore AMT's resilience and long-term growth potential.
Positive
The Motley Fool
2 days ago
5 Magnificent Dividend Growth Stocks Down 24% to 41% to Buy Before 2025 for a Lifetime of Passive Income
If you're an investor looking to grow your long-term passive income prospects, the five stocks in this article could be perfect to add to your portfolio before 2025.
Positive
Seeking Alpha
2 days ago
Retire Rich: 2 Undervalued REITs To Secure Your Income Stream
Realty Income and Crown Castle offer high yields and trade below intrinsic values, making them attractive for income investors. Realty Income's triple net lease model, high credit rating, and global expansion ensure stable cash flows and consistent dividend growth. Crown Castle's extensive cell tower, small cell, and fiber assets position it well for growth in the digital economy.
Neutral
Seeking Alpha
3 days ago
Why The Market May Get Turned Upside Down In 2025
AI stocks have dominated the market in 2024, dragging the S&P 500 higher with them. I think the market may get turned upside down in 2025. I share why and also share some of my top picks for the new year.
Positive
Seeking Alpha
5 days ago
All I Want For Christmas Are A Few Great REITs
I'm excited to present my top 5 undervalued REITs for Christmas. VICI Properties, Realty Income, Alexandria Real Estate, American Tower, and Rexford Industrial are highlighted for their strong growth potential and attractive valuations. Each REIT offers significant upside potential by the end of 2025, with well-covered dividends and solid balance sheets.
Negative
Zacks Investment Research
1 week ago
American Tower Stock Falls 16% in 3 Months: Time to Buy, Sell or Hold?
Setbacks over the past year have hurt AMT's growth, though ample opportunities are there for reacceleration. Let's explore whether to add, retain or discard this stock now.
Neutral
Seeking Alpha
1 week ago
American Tower Corporation (AMT) UBS Global Media & Communications Conference (Transcript)
American Tower Corporation (NYSE:AMT ) UBS Global Media & Communications Conference December 10, 2024 12:45 PM ET Company Participants Rod Smith - EVP and CFO Conference Call Participants Batya Levi - UBS Batya Levi Great. Thanks, everyone, joining our next session with American Tower.
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