American TowerAMT
AMT
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: 4,691
0
Funds holding %
of 7,398 funds
0
Analysts bullish %
of 10 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
1.58% more ownership
Funds ownership: 91.05% [Q3] → 92.63% (+1.58%) [Q4]
3% less call options, than puts
Call options by funds: $365M | Put options by funds: $376M
4% less funds holding
Funds holding: 1,817 [Q3] → 1,750 (-67) [Q4]
13% less first-time investments, than exits
New positions opened: 191 | Existing positions closed: 220
19% less capital invested
Capital invested by funds: $98.5B [Q3] → $79.5B (-$19.1B) [Q4]
24% less repeat investments, than reductions
Existing positions increased: 588 | Existing positions reduced: 777
26% less funds holding in top 10
Funds holding in top 10: 38 [Q3] → 28 (-10) [Q4]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$204
7%
downside
Avg. target
$228
4%
upside
High target
$250
14%
upside
10 analyst ratings
9 positive
90%
1 neutral
10%
0 negative
0%
Morgan Stanley Simon Flannery 67% 1-year accuracy 2 / 3 met price target | 14%upside $250 | Overweight Upgraded | 1 Apr 2025 |
Barclays Tim Long 55% 1-year accuracy 31 / 56 met price target | 2%upside $223 | Overweight Maintained | 21 Mar 2025 |
Wells Fargo Eric Luebchow 36% 1-year accuracy 16 / 45 met price target | 5%upside $230 | Overweight Upgraded | 17 Mar 2025 |
Citigroup Michael Rollins 80% 1-year accuracy 20 / 25 met price target | 7%upside $235 | Buy Maintained | 10 Mar 2025 |
Citizens Capital Markets Constantine Davides 30% 1-year accuracy 10 / 33 met price target | 13%upside $248 | Market Outperform Maintained | 26 Feb 2025 |
Financial journalist opinion
Based on 17 articles about AMT published over the past 30 days
Positive
Zacks Investment Research
1 hour ago
Should You Retain American Tower Stock in Your Portfolio Now?
AMT is likely to gain from the solid demand for wireless connectivity and capital allocation strategy despite customer concentration and consolidation.
Positive
Seeking Alpha
8 hours ago
American Tower: I'm Dollar-Cost-Averaging For Dividend Power
Dollar-cost-averaging is an effective strategy for acquiring shares of high-quality companies like American Tower, which is trading at a reasonable price. AMT's robust portfolio, strong tenant base, and global footprint make it a compelling long-term investment, driven by 5G and AI-driven data center demand. With a forward P/FFO of 22.2, a 3.1% dividend yield, and a solid balance sheet, AMT offers a reasonable entry point for dollar-cost-averaging investors.
Negative
Seeking Alpha
2 days ago
Countdown To Tariff Day
Ahead of the April 2nd tariff unveiling, US equity markets were under renewed pressure this week on downbeat data showing a further dip in consumer confidence and hotter-than-expected PCE inflation. As a turbulent first quarter wraps up, the updated GDPNow - the Atlanta Fed's closely watched GDP tracking model - forecasts growth of -2.8% overall and -0.5% on a "gold-adjusted basis." Posting weekly declines for the seventh time in the past nine weeks, the S&P 500 finished lower by 1.5% - extending its drawdown to 9.3% from its record-highs.
Positive
Seeking Alpha
4 days ago
State Of REITs: The 'Dark Age' Is Over
While the S&P 500 and other major benchmarks entered "correction territory" this month for the first time since 2023, U.S. REITs have meaningfully outperformed the broader equity market since mid-January. The rebound follows a truly forgettable three-year period for REITs dating back to the start of the Fed's rate hiking cycle in which REITs have accumulated 40 percentage-points of underperformance. REITs remain as unloved as ever: The number of publicly listed REITs declined for a fourth-straight year in 2024. As an asset class, REITs are the single-largest "underweight" among institutional investors.
Positive
Zacks Investment Research
1 week ago
American Tower Stock Rises 17.8% YTD: Too Late to Buy?
Shares of American Tower AMT have rallied 17.8% so far in the year, closing at $216.23 on Friday on the NYSE. The stock has outperformed the Zacks REIT and Equity Trust - Other industry and the S&P 500 composite as well as its close industry peer like SBA Communications Corporation SBAC.
Negative
Seeking Alpha
2 weeks ago
Fed Looms As Sentiment Dims
US equity markets remained under pressure this week as encouraging inflation data and a deal to avoid a government shutdown were offset by further tariff escalations and weak sentiment data. Markets struggled to agree on how the FOMC will interpret the latest economic data, with recent "hard data" showing encouraging trends while "softer" survey data has painted a far-bleaker outlook. Following its worst week in six months, the S&P 500 finished lower by another 2.3% this week - its fourth-straight week of declines - which dragged the index into "correction territory."
Neutral
Business Wire
2 weeks ago
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 2035 in aggregate principal amounts of $650.0 million and $350.0 million, respectively. The 2030 notes will have an interest rate of 4.900% per annum and are being issued at a price equal to 99.846% of their face value. The 2035 notes will have an interest rate of 5.350% per annum and are being issued at a price equal to 99.724% of.
Negative
Seeking Alpha
3 weeks ago
Losers Of REIT Earnings Season
In Part 3 of our Earnings Recap, we present a sector-by-sector breakdown of the Losers of REIT Earnings Season, discussing incremental positives/negatives and noting the individual standouts. Commercial Mortgage REITs were the "biggest loser" of REIT earnings season after results showed ongoing problems in the office space and a significant deterioration in multifamily bridge loan performance. Results from Hotel REITs were also disappointing given the record-levels of travel demand, as margin pressures from higher labor costs have taken a sizable bite out of bottom-line profitability.
Positive
Seeking Alpha
3 weeks ago
3 REITs To Buy Before They Hike Their Dividend
REIT dividend payments continue to grow. Some REITs are growing at a double-digit rate. I highlight three undervalued REITs to buy before they hike their dividend again.
Neutral
Seeking Alpha
3 weeks ago
American Tower Corporation (AMT) 33rd Annual Deutsche Bank Media, Internet & Telecom Conference (Transcript)
American Tower Corporation (NYSE:AMT ) 33rd Annual Deutsche Bank Media, Internet & Telecom Conference March 10, 2025 1:50 PM ET Company Participants Rod Smith - EVP, CFO, and Treasurer Conference Call Participants Matthew Niknam - Deutsche Bank Matthew Niknam All right. Everybody can go ahead and please take their seats.
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