American Tower Corporation (AMT)
| Market Cap | 100.64B |
| Revenue (ttm) | 11.06B |
| Net Income (ttm) | 714.60M |
| Shares Out | 466.17M |
| EPS (ttm) | 1.51 |
| PE Ratio | 142.97 |
| Forward PE | 46.80 |
| Dividend | $6.80 (3.15%) |
| Ex-Dividend Date | Dec 27, 2023 |
| Volume | 930,168 |
| Open | 215.98 |
| Previous Close | 217.16 |
| Day's Range | 215.00 - 216.80 |
| 52-Week Range | 154.58 - 235.57 |
| Beta | 0.68 |
| Analysts | Strong Buy |
| Price Target | 231.76 (+7.36%) |
| Earnings Date | Feb 22, 2024 |
About AMT
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 nearly 225,000 communications sites and a highly interconnected footprint of U.S. data center facilities. [Read more]
Financial Performance
In 2022, American Tower's revenue was $10.71 billion, an increase of 14.47% compared to the previous year's $9.36 billion. Earnings were $1.77 billion, a decrease of -31.23%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for AMT stock is "Strong Buy." The 12-month stock price forecast is $231.76, which is an increase of 7.36% from the latest price.
News
American Tower Corporation Declares Quarterly Distribution
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced that its board of directors has declared its quarterly cash distribution of $1.70 per share on shares of the Company's c...
CoreSite Announces Major Expansions in New York and Denver Data Center Campuses to Meet Growing Capacity, Power Demands
DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced the expansion of its New York and...
CoreSite Enables 50G Multicloud Networking on the Open Cloud Exchange® with Enhanced Virtual Connections to Oracle Cloud Infrastructure FastConnect
DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”) and a member of Oracle PartnerNetwork (OPN), today...
Kari Firestone's top stock picks: NEE, AMT, ADBE, AXP
Kari Firestone, Aureus Asset Management chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, her top stock picks, where investors can find opportunities, and more.
American Tower to Present at the UBS Global Media and Communications Conference
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced that Steve Vondran, its Executive Vice President, Global Chief Operating Officer, is scheduled to present at the UBS Glo...
Final Trades: Expedia, American Tower, NXP Semi & more
The "Halftime Report" traders give their top picks to watch for the second half.
American Tower Corporation's Africa Operations to Boost MTN Nigeria's Connectivity Through Sustainable Agreement
JOHANNESBURG--(BUSINESS WIRE)--American Tower Corporation's Africa operations (ATC Africa, or the Company), and MTN Nigeria, today announced that they have entered into a new agreement that is expecte...
Backblaze Serves Demand for Storing Data in More Places with CoreSite's Colocation and Connectivity Solutions
DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced that the leading specialized clou...
AMT Vs CCI: Which REIT Stock Is A Better Buy?
American Tower and Crown Castle are two of the largest REITs in the U.S. Here's a look at both to help you decide if either potentially fit in your portfolio.
Astound Business Solutions and CoreSite Set Alliance to Deliver High-Capacity, Secure Connectivity Leveraging CoreSite's Hybrid IT Infrastructure
DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced an alliance with Astound Business...
American Tower Names Steven O. Vondran to Succeed Thomas A.
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced today that Tom Bartlett will retire from his positions as President, Chief Executive Officer and director of the Board of Dire...
American Tower Corporation Reports Third Quarter 2023 Financial Results
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended September 30, 2023. Tom Bartlett, American Tower's Chief Executive Officer, state...
Seceon Consolidates Security Stacks and Reduces Risk with AI/ML-Powered Cybersecurity Platform Leveraging CoreSite's Colocation Solutions
DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced Seceon, the pioneer of the first ...
CoreSite Launches Enhanced Open Cloud Exchange® Bandwidth Connections Up to 50G with Google Cloud
DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), announced the launch of new Open Cloud Exchange® ...
American Tower Plans Third Quarter 2023 Earnings Release and Conference Call
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced today that the press announcement of its third quarter 2023 results is scheduled to be released to the news services at 7:00 a...
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 2028 and 2033 in aggregate principal amounts...
American Tower Corporation Announces Participation in Upcoming September Investor Conferences
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced that it will participate in the following upcoming investor conferences: Wednesday, September 6, 2023, 9:30 a.m. PT (12:...
Aqua Comms Announces its AEC-3 Trans-Atlantic Subsea Cable System is Now Live Leveraging CoreSite IT Infrastructure
DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced Aqua Comms, a leading provider of...
3 High Dividend REITs That Analysts Are Bullish On
After declining 24% last year, the S&P United States REIT index is up 6% so far this year. Of course, with domestic equities vastly outperforming, the sector has been more of an afterthought.
These 20 dividend stocks have been the best income growers in the S&P 500
In the comment section of a recent MarketWatch article listing stocks with high dividend yields that were expected to be well supported by the companies' cash flow, a reader suggested that it would ha...
American Tower Corporation Announces Participation in Upcoming August Investor Conferences
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced that it will participate in the following upcoming investor conferences: Monday, August 7, 2023, 10:00 a.m. MT (12:00 p....
American Tower Corporation Reports Second Quarter 2023 Financial Results
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended June 30, 2023. Tom Bartlett, American Tower's Chief Executive Officer, stated, “T...
The Chartmaster Carter Worth sticks to REITs
Carter Worth, Worth Charting, talks the office space rebound and why he is sticking with REITs.
History Says Steer Clear Of This REIT
Shares of American Tower (AMT) are moving lower today. Overhead resistance is looming, from a trendline with historically bearish implications.