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American Tower Corp AMT Stock Quote

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NYSE: AMT

Morningstar‘s Stock Analysis AMT

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

American Tower’s Underlying Business Remains Strong Amid Peripheral Headwinds

Matthew Dolgin Equity Analyst

Analyst Note

| Matthew Dolgin |

Organic leasing growth was strong during American Tower's third quarter, and the firm slightly raised its 2022 outlook for property revenue and adjusted EBITDA despite factoring in a negative impact from currencies and a customer in India that is having financial difficulties. However, the outperformance in the underlying business was not significant enough to make us change our organic leasing expectations for next year or longer term, and the macroeconomic environment contributes to greater uncertainty in 2023 than we think is typical. We are not making material changes to our forecast and are maintaining our $210 fair value estimate.

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Key Statistics AMT

Company Profile AMT

Business Description

American Tower owns and operates more than 220,000 cell towers throughout the U.S., Asia, Latin America, Europe, and Africa. It also owns and/or operates 25 data centers in eight U.S. 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 U.S., which accounted for more than half of its total revenue in 2021. Outside the U.S., American Tower’s greatest presence is in India and Brazil, where it operates roughly 75,000 and 19,000 towers, respectively. American Tower operates as a real estate investment trust.

Contact
116 Huntington Avenue, 11th Floor
Boston, MA, 02116
Industry REIT - Specialty
Employees 6,378

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FAQs for American Tower Corp Stock

Yes. AMT has a forward dividend yield of 2.77%. See AMT’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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AMT’s market cap is 98.42 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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AMT’s stock style is Large Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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AMT’s price/sales is 9.36.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

AMT’s price/forward earnings is 45.45.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

AMT’s price/book is 15.75.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See AMT’s valuation ratios compared to the Market Index.

AMT’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare AMT’s historical performance against its industry peers and the overall market.