American Tower (AMT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $202.80 to $205.18
• 50-Day Range: $193.72 to $240.32
• 52-Week Range: $170.46 to $243.56
• Volume: 1.94 million shs
• Average Volume: 2.32 million shs
• Market Capitalization: $95.47 billion
• P/E Ratio: 86.21
• Dividend Yield: 3.17%
• Price Target: $235.54
• Consensus Rating: Moderate Buy

American Tower Stock Analysis - MarketRank™

American Tower scored higher than 88% of companies evaluated by MarketBeat, and ranked 174th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

American Tower has received a consensus rating of Moderate Buy. The company's average rating score is 2.85, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

American Tower has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Earnings Growth

Earnings for American Tower are expected to remain at $10.08 per share in the coming year.

Price to Earnings Ratio vs. the Market

The P/E ratio of American Tower is 86.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.15.

Price to Earnings Ratio vs. Sector

The P/E ratio of American Tower is 86.21, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 47.34.

Price to Earnings Growth Ratio

American Tower has a PEG Ratio of 1.34. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

American Tower has a P/B Ratio of 9.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.02% of the outstanding shares of American Tower have been sold short.

Short Interest Ratio / Days to Cover

American Tower has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in American Tower has recently increased by 0.42%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

American Tower pays a meaningful dividend of 3.22%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

American Tower does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of American Tower is 273.42%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, American Tower will have a dividend payout ratio of 64.29% next year. This indicates that American Tower will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.1 / 5
• Environmental Score: -1.40

Percentage of Shares Shorted

1.02% of the outstanding shares of American Tower have been sold short.

Short Interest Ratio / Days to Cover

American Tower has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in American Tower has recently increased by 0.42%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.24

News Sentiment

American Tower has a news sentiment score of 1.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.80 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 29 news articles for American Tower this week, compared to 13 articles on an average week.

Search Interest

Only 28 people have searched for AMT on MarketBeat in the last 30 days. This is a decrease of -28% compared to the previous 30 days.

MarketBeat Follows

17 people have added American Tower to their MarketBeat watchlist in the last 30 days. This is an increase of 70% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, American Tower insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.18% of the stock of American Tower is held by insiders.

Percentage Held by Institutions

92.69% of the stock of American Tower is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AMT Stock Analysis - Frequently Asked Questions

How have AMT shares performed this year?

American Tower's stock was trading at $215.88 on January 1st, 2024. Since then, AMT shares have decreased by 5.4% and is now trading at $204.31.
View the best growth stocks for 2024 here.

How were American Tower's earnings last quarter?

American Tower Co. (NYSE:AMT) released its earnings results on Tuesday, October, 29th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by $1.56. The firm's revenue for the quarter was down 10.5% on a year-over-year basis.
Read the conference call transcript.

Does American Tower have any subsidiaries?

The following companies are subsidiaries of American Tower: Coresite, InSite Wireless Group, Eaton, Colo Atl, Viom Networks, BR Towers, Global Tower Partners, and more.

Who are American Tower's major shareholders?

American Tower's top institutional investors include State Street Corp (4.53%), Wellington Management Group LLP (2.44%), Geode Capital Management LLC (2.40%) and FMR LLC (2.28%). Insiders that own company stock include Edmund Disanto, Rodney M Smith, Steven O Vondran, Joann A Reed, Olivier Puech, Robert Joseph Meyer Jr, Sanjay Goel, Samme L Thompson, Pamela D A Reeve, Raymond P Dolan, Robert D Hormats and Bruce L Tanner.
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.

What other stocks do shareholders of American Tower own?

Based on aggregate information from My MarketBeat watchlists, some other companies that American Tower investors own include Cuisine Solutions (CUSI), InnerScope Hearing Technologies (INND), UnitedHealth Group (UNH), Johnson & Johnson (JNJ), Gilead Sciences (GILD), Corning (GLW) and NextEra Energy (NEE).

Company Calendar

• Ex-Dividend for 10/25 Dividend: 10/09/2024
• Dividend Payable: 10/25/2024
• Last Earnings: 10/29/2024
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/25/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Specialized REITs
• Current Symbol: NYSE:AMT
• CUSIP: 03027X10
• CIK: 1053507
• Web: www.americantower.com
• Phone: (617) 375-7500
• Fax: 617-375-7575
• Employees: 5,643
• Year Founded: 1995

Price Target and Rating

• Average Stock Price Target: $235.54
• High Stock Price Target: $251.00
• Low Stock Price Target: $196.00
• Potential Upside/Downside: +15.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.85
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.37
• Trailing P/E Ratio: 85.73
• Forward P/E Ratio: 20.16
• P/E Growth: 1.34
• Net Income: $1.48 billion
• Net Margins: 10.05%
• Pretax Margin: 22.31%
• Return on Equity: 22.01%
• Return on Assets: 3.55%

Debt

• Debt-to-Equity Ratio: 3.27
• Current Ratio: 0.69
• Quick Ratio: 0.69

Sales & Book Value

• Annual Sales: $11.14 billion
• Price / Sales: 8.52
• Cash Flow: $10.01 per share
• Price / Cash Flow: 20.30
• Book Value: $21.81 per share
• Price / Book: 9.32

Miscellaneous

• Outstanding Shares: 467,290,000
• Free Float: 466,448,000
• Market Cap: $94.94 billion
• Optionable: Optionable
• Beta: 0.84