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American Tower Corp AMT Stock Quote

| Rating as of

NYSE: AMT

Last close prices updated as of Feb 07, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 219.47
  • Sector Real Estate
  • Industry REIT - Specialty
  • Investment Style Large Growth
  • Day Range 215.80  –  220.21
  • Year Range 178.17  –  282.47
  • Market Cap 102.1865 Bil
  • Volume / Avg 1.8 Mil /  1.8 Mil
  • Price / Sales 9.67
  • Price / Book 16.27
  • Forward Div Yield 2.84%
  • Trailing Div Yield 2.67%

Morningstar‘s Stock Analysis AMT

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Economic Moat

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Capital Allocation

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American Tower and Brookfield Mull Cellnex Takeover; Shares Up 8%; Maintaining EUR 52 FVE

Javier Correonero Equity Analyst

Analyst Note

| Javier Correonero |

Narrow-moat Cellnex shares are up 8% at the time of the writing given news reported by El Confidencial about a potential takeover offer from American Tower and Brookfield. The two firms have reportedly hired Morgan Stanley to evaluate an offer. We are not surprised by this announcement given several U.S. firms and private equity funds have been laying their hands on European infrastructure in the past two years. American Tower already acquired 30,000 sites from Telefonica in early 2021 in Spain, Germany, and Latin America, in a EUR 7.7 billion deal. Brookfield acquired a stake in Telia’s towers in Sweden, Norway, and Finland during 2022, as well as a 51% stake (together with DigitalBridge) in Deutsche Telekom’s 40,000 towers in Germany and Austria. Other U.S. private equity funds like KKR and Global Infrastructure Partners are currently participating in the acquisition and delisting of Vantage Towers, Vodafone’s tower division, a deal that was announced in November 2022. We maintain our EUR 52 fair value estimate for Cellnex.

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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

Related Articles AMT

FAQs for American Tower Corp Stock

Yes. AMT has a forward dividend yield of 2.83%. 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.

Learn more about dividend yield.

AMT’s market cap is 102.19 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.

Learn more about market capitalization.

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.

Learn more about style.

AMT’s price/sales is 9.72.
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 50.25.
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 16.27.
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.