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 7,139 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
0.68% more ownership
Funds ownership: 91.46% [Q3] → 92.14% (+0.68%) [Q4]
3% less call options, than puts
Call options by funds: $365M | Put options by funds: $376M
7% less funds holding
Funds holding: 1,816 [Q3] → 1,684 (-132) [Q4]
20% less capital invested
Capital invested by funds: $98.7B [Q3] → $79.1B (-$19.6B) [Q4]
20% less first-time investments, than exits
New positions opened: 172 | Existing positions closed: 215
25% less repeat investments, than reductions
Existing positions increased: 566 | Existing positions reduced: 756
26% less funds holding in top 10
Funds holding in top 10: 38 [Q3] → 28 (-10) [Q4]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$195
2%
upside
Avg. target
$216
13%
upside
High target
$234
22%
upside
7 analyst ratings
5 positive
71%
2 neutral
29%
0 negative
0%
Citigroup Michael Rollins 77% 1-year accuracy 17 / 22 met price target | 15%upside $220 | Buy Maintained | 14 Feb 2025 |
Barclays Tim Long 55% 1-year accuracy 31 / 56 met price target | 12%upside $214 | Overweight Maintained | 28 Jan 2025 |
JMP Securities Patrick Walravens 67% 1-year accuracy 73 / 109 met price target | 17%upside $225 | Market Outperform Initiated | 27 Jan 2025 |
Scotiabank Maher Yaghi 71% 1-year accuracy 12 / 17 met price target | 15%upside $220 | Sector Outperform Maintained | 23 Jan 2025 |
Wells Fargo Eric Luebchow 60% 1-year accuracy 29 / 48 met price target | 2%upside $195 | Equal-Weight Maintained | 23 Jan 2025 |
Financial journalist opinion
Based on 16 articles about AMT published over the past 30 days
Neutral
Zacks Investment Research
1 day ago
American Tower (AMT) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
Evaluate the expected performance of American Tower (AMT) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Positive
Seeking Alpha
5 days ago
Mom's All-Weather REIT Portfolio
I created a diversified REIT portfolio for my mom, aiming for consistent income and optimized total returns, with an average dividend yield of 4.9%. Key REITs include Invitation Homes, Apple Hospitality, Realty Income, Healthpeak, Mid-America, Sun Communities, American Tower, VICI Properties, Prologis, and Ladder Capital. Each REIT was selected based on strong financial metrics, growth potential, and solid dividend yields, ensuring resilience and steady income.
Neutral
Seeking Alpha
5 days ago
Inflation Isn't Dead Yet
US equity markets flirted with fresh record-highs this week while benchmark interest rates hovered around two-month lows as investors weighed positive earnings news against uncomfortable hot inflation data. Complicating the policy outlook for the Federal Reserve, CPI data showed the fastest monthly rise in consumer prices since August, prompting a pledge from Powell for "more work to do." Snapping a two-week losing streak, the S&P 500 rebounded by 1.5%, closing fractionally below its prior record-high set in late January. The tech-heavy Nasdaq 100 rallied nearly 3%.
Positive
Seeking Alpha
1 week ago
7 Stocks And 1 ETF I'm Buying As Inflation Is Lower Than It Looks
The January 2025 CPI report shows inflation isn't in a sustained rebound, with temporary factors like shelter CPI, wildfires, and bird flu driving higher-than-expected inflation. The labor market shows mixed signals, with private sector hiring slowing but government hiring and residential construction employment remaining strong. Deportations could change this. The stock market appears richly valued across most sectors, not just the top 10 mega-cap names, warranting caution despite some undervalued opportunities.
Positive
Seeking Alpha
1 week ago
REITs To Favor In 2025
REITs are available in more than 20 different property sectors. Some are more attractive than others. Here are three of my favorite REIT property sectors to buy in 2025.
Positive
Seeking Alpha
1 week ago
I May Buy Into The Starlink IPO (When It Happens) But I'm Still Buying Cell Tower REITs
Starlink, a SpaceX subsidiary, aims to revolutionize global connectivity with 7,000 satellites and over 4 million subscribers, despite challenges like limited bandwidth and high costs. American Tower and Crown Castle are key players in communications infrastructure, with AMT showing strong growth and CCI facing potential dividend cuts. Cell towers and satellites complement each other, with towers providing high-capacity, low-latency communication and satellites extending coverage to remote areas.
Neutral
Zacks Investment Research
1 week ago
American Tower (AMT) Increases Yet Falls Behind Market: What Investors Need to Know
American Tower (AMT) reachead $189.88 at the closing of the latest trading day, reflecting a +0.55% change compared to its last close.
Neutral
Business Wire
2 weeks ago
American Tower Corporation Announces Election of Rajesh Kalathur to Board of Directors
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced that its Board of Directors (the “Board”) has elected Rajesh (“Raj”) Kalathur as a director. Mr. Kalathur is President of John Deere Financial, a leading financial services provider for dealers and customers of John Deere equipment, and Chief Information Officer of Deere & Company, a global leader in the production of agricultural, construction, and forestry equipment and solutions. As CIO, Mr. Kalathur oversees Deere.
Neutral
Zacks Investment Research
2 weeks ago
American Tower (AMT) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, American Tower (AMT) closed at $184.13, marking a -0.67% move from the previous day.
Positive
MarketBeat
2 weeks ago
3 REITs to Watch as Interest Rates Keep Falling
On January 29, 2025, the Federal Open Market Committee paused its recent spate of interest rate cuts, leaving the overnight borrowing rate at 4.25%-4.5%. The move comes after three consecutive rate cuts in the final months of 2024.
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