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 an REIT.
Employees: 5,643
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
110% more first-time investments, than exits
New positions opened: 202 | Existing positions closed: 96
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: $86.2B [Q2] → $98.7B (+$12.5B) [Q3]
14% more call options, than puts
Call options by funds: $715M | Put options by funds: $627M
4% more funds holding
Funds holding: 1,737 [Q2] → 1,813 (+76) [Q3]
7% less repeat investments, than reductions
Existing positions increased: 662 | Existing positions reduced: 709
3.48% less ownership
Funds ownership: 94.94% [Q2] → 91.46% (-3.48%) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$204
7%
upside
Avg. target
$227
19%
upside
High target
$245
29%
upside
5 analyst ratings
4 positive
80%
1 neutral
20%
0 negative
0%
Barclays Tim Long 57% 1-year accuracy 30 / 53 met price target | 13%upside $215 | Overweight Maintained | 13 Jan 2025 |
Mizuho Vikram Malhorta 67% 1-year accuracy 12 / 18 met price target | 7%upside $204 | Neutral Maintained | 8 Jan 2025 |
Goldman Sachs James Schneider 56% 1-year accuracy 20 / 36 met price target | 23%upside $234 | Buy Maintained | 12 Dec 2024 |
Scotiabank Maher Yaghi 58% 1-year accuracy 7 / 12 met price target | 24%upside $236 | Sector Outperform Maintained | 30 Oct 2024 |
BMO Capital Ari Klein 31% 1-year accuracy 4 / 13 met price target | 29%upside $245 | Outperform Maintained | 30 Oct 2024 |
Financial journalist opinion
Based on 13 articles about AMT published over the past 30 days
Negative
Seeking Alpha
7 hours ago
2 High Quality Dividends That Continue To Dissapoint
When investing for income, there is usually a choice between high yield with weak income growth and low yield with strong income growth. When the yields are not too high and the fundamentals are robust, the expectation could be that there will be some form of income growth. Yet, this might not always be the case.
Neutral
Business Wire
4 days ago
CoreSite to be Featured at PTC 2025
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 Telecommunications Conference 2025 January 19-22 at the Hilton Hawaiian Village Waikiki Beach Resort in Honolulu, Hawaii. The annual PTC event provides a strategic springboard to focus on planning, networking and discovering what lies ahead for the digital infrastructure, information and communication tech.
Positive
Seeking Alpha
1 week ago
A Dozen Stocks I'm Buying As Rising Interest Rates Break The Market
Interest rate peaks often cause short-term S&P 500 selloffs, especially for REITs. I retain hope that REITs may decouple from 10-year Treasury yields once rates stabilize. Baby Boomers' economic impact is profound, influencing inflation, wages, and consumption patterns, with Millennials having a smaller effect at later ages in life. Debating whether dividend growth investors should buy Magnificent 7 stocks, I find GOOGL compelling for its reasonable valuation and growth potential.
Neutral
Zacks Investment Research
1 week ago
American Tower (AMT) Rises Higher Than Market: Key Facts
American Tower (AMT) concluded the recent trading session at $179.19, signifying a +1.14% move from its prior day's close.
Neutral
Business Wire
1 week ago
American Tower Names Bud Noel as COO and Rich Rossi as EVP and President, U.S. Tower
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced today that Eugene (“Bud”) Noel, currently Executive Vice President and President of the U. S. Tower Division, will become Executive Vice President and Chief Operating Officer, a newly created global position, effective January 13, 2025. This role will oversee American Tower's global operations and IT, further effectuating the Company's strategic priorities to drive operational efficiency and provide best-in-class service.
Positive
Seeking Alpha
2 weeks ago
Ready, Set, REIT: Why 2025 Could Be A Breakout Year
The commercial real estate sector, valued at $26 trillion, offers diverse opportunities despite low growth and commoditized assets, with REITs providing accessible and liquid investment options. Rising interest rates have pressured REIT performance, yet current valuations present attractive opportunities, especially in sectors like data centers, telecommunications, and warehousing. Despite a challenging 2024, REITs remain financially robust with low leverage and strong access to capital, positioning them well for a potential rebound.
Positive
24/7 Wall Street
2 weeks ago
5 Of UBS Highest Conviction 2025 Picks Are Also Dividend Superstars
As the calendar turns to 2025, the leading Wall Street firms are releasing their top stock picks for the new year.
Positive
Seeking Alpha
2 weeks ago
My Top 10 REITs For 2025
Over 15 years, I've seen the REIT sector evolve, allowing small investors to own diverse properties like cell towers, data centers, and casinos. Inspired by Warren Buffett, I analyze REITs by their competitive advantages and financials, focusing on those with wide moats and trading at a margin of safety. My Top 10 REITs for 2025 include EastGroup, Terreno Realty, Rexford Industrial, VICI Properties, American Tower, Realty Income, Ryman Hospitality, Alexandria Real Estate, Americold, and NNN REIT.
Positive
Seeking Alpha
3 weeks ago
2 REITs Investors Should Own In 2025
The REIT market has something for everyone. There are income, growth, and deep value opportunities. But a few REITs have it all. We highlight 2 such REITs to own in 2025.
Positive
Seeking Alpha
3 weeks ago
8 Stocks I'm Buying As I Hone My Buying Strategy For 2025
I visualize my portfolio as a galley ship with rowers (steady compounders) and sails (high-yielding securities) for balanced growth and income. In 2025, my goal is to refocus on rowers to enhance dividend growth, using Schwab US Dividend Equity ETF (SCHD) as a primary vehicle. I've sold high-risk stocks and reinvested in higher-yielding, safer options, but my portfolio is now too weighted towards immediate income.
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