AMT - American Tower Corporation (REIT)

NYSE - NYSE Delayed price. Currency in USD
140.38
-1.29 (-0.91%)
At close: 4:00PM EDT
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Previous close141.67
Open141.32
Bid0.00 x 0
Ask0.00 x 0
Day's range140.12 - 142.02
52-week range130.37 - 155.28
Volume1,787,009
Avg. volume2,079,409
Market cap62B
Beta0.88
PE ratio (TTM)53.38
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield3.08 (2.11%)
Ex-dividend date2018-06-18
1y target estN/A
Trade prices are not sourced from all markets
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  • Could It Be a Good Time to Invest in American Tower?
    Market Realist5 days ago

    Could It Be a Good Time to Invest in American Tower?

    Since price-to-FFO (funds from operations) ratios consider depreciation and other adjustments, they’re suitable for valuing REITs. While American Tower’s (AMT) TTM (trailing-12-month) price-to-FFO ratio is 22.1x, main competitors Crown Castle (CCI), Realty Income (O), and Simon Property (SPG) have TTM price-to-FFO ratios of 25.9x, 18.9x, and 15.1x, respectively, meaning AMT is trading at a discount to Crown Castle but at a premium to Realty Income and Simon Property.

  • Why Wall Street Loves American Tower
    Market Realist5 days ago

    Why Wall Street Loves American Tower

    American Tower’s (AMT) consistently strong performance and encouraging outlook for 2018 have instilled confidence among analysts, as reflected in their ratings. Analysts’ target price of $158.50 for AMT implies a 10.7% rise from its current price of $143.23. In 2017, the stock gained 33.5%.

  • How American Tower Is Expected to Benefit from Tax Reform
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    How American Tower Is Expected to Benefit from Tax Reform

    Donald Trump’s Tax Cut and Jobs Act is expected to have positive effects on the entire telecom industry. Its enactment has brought down tax rates to 21% from 35% and allows companies to repatriate overseas cash by paying a one-time tax of 15.5% instead of 35%. In the first quarter, American Tower’s (AMT) income tax benefit rose YoY (year-over-year) to $31.3 million from $27 million. American Tower anticipates a $10 million tax reduction in 2018, which could boost its consolidated adjusted funds from operations.

  • American Tower’s Diligent Capital Allocation to Fund Growth
    Market Realist5 days ago

    American Tower’s Diligent Capital Allocation to Fund Growth

    American Tower’s (AMT) core strategy lies in the expansion and acquisition of properties, towers, and fiber cells. Simultaneously, being a REIT, it has to pay at least 90% of its taxable income in the form of dividends. American Tower, with a disciplined capital allocation approach, has continued investing in its businesses—not just for growth but also to boost returns to shareholders.

  • What American Tower’s Global Expansion Strategy Indicates
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    What American Tower’s Global Expansion Strategy Indicates

    American Tower’s (AMT) global expansion strategy, which includes acquisitions and joint ventures in several countries (mainly in developing nations), is likely to continue supporting its top line. The company’s international revenue contribution rose from 36% in 2014 to 45% in 2017. During the first quarter, the company’s international revenue grew ~11% year-over-year.

  • This Is Anticipated to Drive American Tower’s Domestic Market
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    This Is Anticipated to Drive American Tower’s Domestic Market

    American Tower (AMT) generates ~55% of its revenue from the US market. In the last reported quarter, its US property revenue grew 4.4% YoY (year-over-year), while its organic tenant revenue grew 6.3% YoY. Accelerated 5G (fifth-generation) deployment by domestic wireless network carriers and the mobile industry’s continuous evolution are expected to further drive demand for communication sites and towers, boosting American Tower’s US property revenue.

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    How a Trade War Could Affect American Tower’s Profitability

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  • Demand and Pricing Expected to Boost American Tower’s Q2 Revenue
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    Demand and Pricing Expected to Boost American Tower’s Q2 Revenue

    American Tower’s (AMT) top line has grown. In the second quarter, analysts expect the company’s revenue to grow 6% YoY (year-over-year) to $1.76 billion, boosted by its global expansion strategies and 5G (fifth-generation) network deployment in the United States. However, industry consolidation in domestic and global markets may result in a higher churn rate, possibly offsetting the growth.

  • What’s Expected to Drive American Tower’s Q2 2018 Earnings
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    What’s Expected to Drive American Tower’s Q2 2018 Earnings

    American Tower (AMT) is slated to release its second-quarter 2018 results on July 31. Analysts expect its AFFO (adjusted funds from operations) to rise 10.1% YoY (year-over-year) to $1.74 per share.

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  • How Wall Street Rates American Tower in 2Q18
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    How Wall Street Rates American Tower in 2Q18

    What Will Drive American Tower in 2018? American Tower (AMT) has been delivering a strong operating performance for the past several quarters. Analysts have given American Tower a target price of $160, which implies nearly a 15% increase over its current level of $138.9.

  • American Tower Is Trading at High Multiples amid Global Expansion
    Market Realist2 months ago

    American Tower Is Trading at High Multiples amid Global Expansion

    REITs are usually valued using price-to-FFO multiples, since this ratio requires adding back depreciation and makes other adjustments that help in correctly determining a REIT’s income. American Tower (AMT) is currently trading at a trailing-12-month price-to-FFO ratio of 20.2x compared with its peer group average of 18.7x, which suggests that the company is being traded at a premium compared to its peers. Players in the peer group include Crown Castle (CCI), SBA Communications (SBAC), Realty Income (O), and Simon Property Group (SPG).

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