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 approximately 181,000 communications sites. More Details
Acceptable track record second-rate dividend payer.
Share Price & News
How has American Tower Corporation (REIT)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AMT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: AMT's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: AMT underperformed the US REITs industry which returned 41.1% over the past year.
Return vs Market: AMT underperformed the US Market which returned 50.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is American Tower Corporation (REIT)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
15 hours ago | Simply Wall StShould You Review Recent Insider Transactions At American Tower Corporation (REIT) (NYSE:AMT)?
1 month ago | Simply Wall StShould You Be Impressed By American Tower Corporation (REIT)'s (NYSE:AMT) ROE?
2 months ago | Simply Wall StDid You Participate In Any Of American Tower Corporation (REIT)'s (NYSE:AMT) Fantastic 124% Return ?
Is American Tower Corporation (REIT) undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AMT ($245.89) is trading below our estimate of fair value ($301.57)
Significantly Below Fair Value: AMT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: AMT is poor value based on its PE Ratio (56.8x) compared to the US REITs industry average (43.6x).
PE vs Market: AMT is poor value based on its PE Ratio (56.8x) compared to the US market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: AMT is poor value based on its PEG Ratio (7.1x)
Price to Book Ratio
PB vs Industry: AMT is overvalued based on its PB Ratio (28.2x) compared to the US REITs industry average (1.8x).
How is American Tower Corporation (REIT) forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AMT's forecast earnings growth (8% per year) is above the savings rate (2%).
Earnings vs Market: AMT's earnings (8% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: AMT's earnings are forecast to grow, but not significantly.
Revenue vs Market: AMT's revenue (4.9% per year) is forecast to grow slower than the US market (9% per year).
High Growth Revenue: AMT's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AMT's Return on Equity is forecast to be very high in 3 years time (98.5%).
How has American Tower Corporation (REIT) performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AMT has high quality earnings.
Growing Profit Margin: AMT's current net profit margins (23.4%) are lower than last year (24.6%).
Past Earnings Growth Analysis
Earnings Trend: AMT's earnings have grown significantly by 20.2% per year over the past 5 years.
Accelerating Growth: AMT's earnings growth over the past year (0.8%) is below its 5-year average (20.2% per year).
Earnings vs Industry: AMT earnings growth over the past year (0.8%) exceeded the REITs industry -10.5%.
Return on Equity
High ROE: Whilst AMT's Return on Equity (42.3%) is outstanding, this metric is skewed due to their high level of debt.
How is American Tower Corporation (REIT)'s financial position?
Financial Position Analysis
Short Term Liabilities: AMT's short term assets ($3.0B) do not cover its short term liabilities ($4.2B).
Long Term Liabilities: AMT's short term assets ($3.0B) do not cover its long term liabilities ($38.2B).
Debt to Equity History and Analysis
Debt Level: AMT's debt to equity ratio (643.6%) is considered high.
Reducing Debt: AMT's debt to equity ratio has increased from 243.1% to 643.6% over the past 5 years.
Debt Coverage: AMT's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: AMT's interest payments on its debt are well covered by EBIT (4.4x coverage).
What is American Tower Corporation (REIT) current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AMT's dividend (2.02%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: AMT's dividend (2.02%) is low compared to the top 25% of dividend payers in the US market (3.42%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, AMT has been paying a dividend for less than 10 years.
Growing Dividend: AMT's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.2%), AMT's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AMT's dividends in 3 years are forecast to be covered by earnings (72.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Bartlett (61 yo)
Mr. Thomas A. Bartlett, also known as Tom, serves as President and Chief Executive Officer at American Tower Corporation & American Tower Corporation (REIT) since March 16, 2020 and serves as Director sinc...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD14.70M) is above average for companies of similar size in the US market ($USD11.20M).
Compensation vs Earnings: Tom's compensation has increased by more than 20% in the past year.
Experienced Management: AMT's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Experienced Board: AMT's board of directors are considered experienced (6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.
American Tower Corporation (REIT)'s company bio, employee growth, exchange listings and data sources
- Name: American Tower Corporation (REIT)
- Ticker: AMT
- Exchange: NYSE
- Founded: 1995
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: US$111.979b
- Shares outstanding: 453.80m
- Website: https://www.americantower.com
Number of Employees
- American Tower Corporation (REIT)
- 116 Huntington Avenue
- 11th Floor
- United States
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 approximately 181,000 communications si...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/17 22:02|
|End of Day Share Price||2021/05/17 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.